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PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!

 
Anonymous Coward
User ID: 37405027
Portugal
04/05/2013 12:48 PM
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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
...


we don't know nothing yet!
 Quoting: Luisport


How they are saying it???
 Quoting: Luisport


What's the reason for the delay in the decision???

dribble
 Quoting: Anonymous Coward 37405027


no jornal i ja dizem que sao inconstitucionais 2 normas, mas para não por em causa sa metas do defice nao serao corrigidas [link to www.ionline.pt]
 Quoting: Luisport


"O relator do acórdão propôs a inconstitucionalidade destes dois artigos que terá sido aceite pelos juízes."

Pelo que estou a ler, os juízes aceitaram a inconstitucionalidade. Isto é brutal!!!
Luisport (OP)

User ID: 37477928
Portugal
04/05/2013 12:49 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
ELES A POUCO TINHAM A FRASE A DIZER A CENA DO ANO PASSADO, QUE A SUSPENSAO NAO ERA IMEDIATA PARA NAO POR EM CAUSA O DEFICE!
Luisport (OP)

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04/05/2013 12:50 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
Paulo Dias‏@1ens2 min
@portugal if confirmed, 1.1 billion eur budget cuts declared unconstitutional there will have to be a new troika deal.
Luisport (OP)

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Portugal
04/05/2013 12:52 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
Jornal Público‏@Publico4 min
Constitucional chumba corte de subsídio de férias de funcionários públicos e dos pensionistas [link to publico.pt]
Anonymous Coward
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Portugal
04/05/2013 12:53 PM
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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
Paulo Dias‏@1ens2 min
@portugal if confirmed, 1.1 billion eur budget cuts declared unconstitutional there will have to be a new troika deal.
 Quoting: Luisport


OH-OH...
Anonymous Coward
User ID: 37405027
Portugal
04/05/2013 12:55 PM
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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
ahhh

sfan
Luisport (OP)

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Portugal
04/05/2013 12:57 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
ahhh

sfan
 Quoting: Anonymous Coward 37405027


abombabombabombabomb
Luisport (OP)

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Portugal
04/05/2013 12:58 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
IT'S NOW!
Luisport (OP)

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Portugal
04/05/2013 01:02 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
4 ARTICLES UNTILL NOW!!!
Luisport (OP)

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Portugal
04/05/2013 01:02 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
zerohedge‏@zerohedge1 min
Portugal says some elements of austerity budget are unconstitutional
Luisport (OP)

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Portugal
04/05/2013 01:04 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
Russian Market‏@russian_market4 min
#BOOM PORTUGAL
Luisport (OP)

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04/05/2013 01:05 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
4 ARTICLES UNTILL NOW!!!
 Quoting: Luisport


5 ARTICLES UNTICONTITUTIONAL
Luisport (OP)

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Portugal
04/05/2013 01:06 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
4 ARTICLES UNTILL NOW!!!
 Quoting: Luisport


5 ARTICLES UNTICONTITUTIONAL
 Quoting: Luisport


3 BIG ARTICLES!!!
An Ordinary Greek
User ID: 37207016
Greece
04/05/2013 01:06 PM
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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
Bye-bye Mr Prime Minister!!

5a
Anonymous Coward
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Portugal
04/05/2013 01:07 PM
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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
it just means they will steal close to 2 billion in some other way
Luisport (OP)

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Portugal
04/05/2013 01:08 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
1250MEUR
Luisport (OP)

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04/05/2013 01:09 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
zerohedge‏@zerohedge1 min
Portugal constitutional court says articles 29, 77 not constitutional. PM says may resign if court rules against austerity
An Ordinary Greek
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Greece
04/05/2013 01:09 PM
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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
Yeah, deposit CONFISCATION from BCP for instance...
Luisport (OP)

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Portugal
04/05/2013 01:11 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
21:02 RATE OF DISEASE ON SUBSIDIES AND UNEMPLOYMENT declared unconstitutional
21:02 CUT ON VACATION ALLOWANCE OF PENSIONERS DECLARED UNCONSTITUTIONAL
21:00 CUT IN ALLOWANCE FOR VACATION OF PUBLIC OFFICIALS DECLARED UNCONSTITUTIONAL
20:48 TVI goes: THREE RULES Court declared unconstitutional the holiday allowance for civil servants, cutting pensioners' holiday pay and additional fee on health insurance benefits and unemployment. All together are 1100 million euros
Luisport (OP)

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Portugal
04/05/2013 01:12 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
zerohedge‏@zerohedge1 min
Looks like Europe is unfixed again
Anonymous Coward
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04/05/2013 01:12 PM
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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
Yeah, deposit CONFISCATION from BCP for instance...
 Quoting: An Ordinary Greek 37207016


bcp is a rat nest.. they should confiscate the bank itself lol
Luisport (OP)

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Portugal
04/05/2013 01:13 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
zerohedge‏@zerohedge44 s
All that's left is for Moody's to downgrade Spain next
Luisport (OP)

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Portugal
04/05/2013 01:15 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
1250MEUR
 Quoting: Luisport


NOW THEY SAY 1700MEUROS IN CUTS!!!
Luisport (OP)

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04/05/2013 01:16 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
zerohedge‏@zerohedge1 min
Portugal High Court Says Some Austerity Elements In 2013 Budget Are Unconstitutional [link to www.zerohedge.com] …
Luisport (OP)

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04/05/2013 01:29 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
Paulo Dias‏@1ens11 min
@Portugal. Unconstitutional 1.3 billion euros cuts and counting. Could be as bad as 1.7 billion
Luisport (OP)

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Portugal
04/05/2013 01:33 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
The prime minister convened an extraordinary Council of Ministers for Saturday at 15:00, said a government source Lusa. [link to www.tsf.pt]

Last Edited by Luisport on 04/05/2013 01:33 PM
Luisport (OP)

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04/05/2013 01:39 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
The Constitutional Court ruled inconsistent with the Basic Law of the cut holiday bonuses for civil servants and even suspension of pensioners and pensioners, found the PUBLIC.

Lead also covers the contribution of sickness and unemployment and even the standard contracts relating to teaching and research, but these two standards have reduced budgetary impact.

In public session reading the decision was nothing said about the fundamentals nor on any exception clause. In the explanations provided below, the President of the Constitutional Court (TC), Joaquim Sousa Ribeiro, stated that "there is a restriction of the effects", whereby the norms considered unconstitutional "lose their effectiveness since its entry into force, on January 1. "

In total, the decision negatively covers Articles 29, 31, 77 and 117 of the State Budget for 2013. The total budgetary impact could reach 1300 million euros, according to calculations PUBLIC.

Asked about the reasons why it was not considered any exception clause, Sousa Ribeiro replied that "it is the law that must conform to the Constitution and not the contrary."

According to the calculations of PUBLIC - made based on the data submitted by the Government in the proposed state budget for 2013 - the two lead articles concerning holiday pay may represent an increase in public expenditure (net of income taxes) this year order of 1150 million euros. Of these 610 million relate to the holiday allowance for civil servants and 540 million to the holiday allowance (or equivalent services) pensioners.

As regards the application of a contribution of 5% in sick pay and 6% unemployment, the fiscal impact is in this case a drop in revenues of around 150 million euros.

The request for review of the constitutionality of the cuts in subsidies holiday for civil servants and pensioners had been made by the President and all the opposition parties, while the fourth request, efecutado by the Ombudsman, only referring to the suspension of holiday pay of retirees and pensioners.

Lead cut subsidies holiday replicate the decision of the Constitutional Court decision in the summer of last year, then invoking the principle of equality.

Shortly after the reading of the decision, the cabinet of Prime Minister Passos Coelho announced that Saturday afternoon summoned to an extraordinary meeting of the Council of Ministers, "designed to assess the content of the judgment of the Constitutional Court regarding the State Budget Law for 2013 ". [link to www.publico.pt]
Luisport (OP)

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04/05/2013 01:39 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
Business Insider‏@businessinsider1 min
Portuguese Constitutional Court Rejects Aspects Of Austerity Budget — Country Returns To Euro Crisis Spotlight [link to read.bi]
Luisport (OP)

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Portugal
04/05/2013 01:40 PM

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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
Just as the big crisis story in Cyprus has started to wind down, it looks like the attention could shift to Portugal.

Today, the Portuguese Constitutional Court struck down articles 29 and 77 of the Portuguese government's 2013 budget.

Dow Jones reports:


*Portuguese Court Rules Some Measures in 2013 Budget Illegal
— DJ FX Trader (@djfxtrader) April 5, 2013

*Portuguese Court: Paycheck Cuts for Public Workers, Pensioners Illegal
— DJ FX Trader (@djfxtrader) April 5, 2013
The 2013 budget is heavy on austerity because Portugal has to meet the demands of the troika of European creditors (the EU, ECB, and IMF) on which the country relies for financial assistance.

And, as is the case in other peripheral euro area member states under troika aid programs, the austerity measures have been divisive.

There were even reports last week that Portuguese Prime Minister Pedro Passos Coelho acknowledged that he may have to resign depending on how much of the budget the Constitutional Court decided to strike down.

Whether that is the case here is unclear. In any event, the next few days should be interesting ones for Portugal.


Read more: [link to www.businessinsider.com]
Anonymous Coward
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Portugal
04/05/2013 01:49 PM
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Re: PORTUGUESE FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN!!! GOV TO HASK SECOND BAIL OUT!!!
e muito dinheiro nunca pensei...

vai ser uma corrida aos bancos nos proximos dias

oh well...

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