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

Portugal's Parliamentary Affairs Minister Miguel Relvas, a senior cabinet member close to the prime minister, resigned on Thursday, the government said in a statement, adding that the resignation was accepted.

The move comes a day after the government easily defeated a no confidence motion fielded by the opposition Socialists in parliament over the administration's austerity policies under an EU/IMF bailout.

The reason for the resignation was not immediately announced, but Relvas has long faced allegations that he obtained his university degree without completing the required course credits.

Good morning Luisport, any news so far at what time the Court is going to announce its decision?

not yet! You bet GLP will know it first!

Troika secure Government! Give more time to meet the target budget deficit this year is the solution that most pleases the Troika, if the value of any action leaded by the Constitutional Court (TC) is higher than the Government achieve behave in the current scenario.
Sources connected to external creditors ensure that the objective is to avoid at all costs having more 'a problem' in Europe after the controversy with the rescue of Cyprus, the fear of the need for intervention in Slovenia and weak banking and politics in Italy. Until the German elections in September, the order is to keep Portugal afloat and flexible "what is possible" in the budgetary targets.

A new revision of the deficit is seen at the European Commission, for example, as the 'least bad' option in Portugal. But it has the disadvantage easing policy in Europe to create a precedent for other Member States requesting the same. [link to sol.sapo.pt]

#Portugal waiting for Constitutional Court decision on gov's 2013 austerity budget. Risk of political crisis if cuts invalidated are +600ME

[link to twitter.com (secure)]

The Constitutional Court has just informed that announce "late afternoon" today its decision on several standards Budget.

"The Judgment on applications for monitoring standards of the State Budget Law for 2013 will be delivered today, in the evening, when there will be a reading of the decision," reads the statement.

On that note promises to inform the Constitutional Court with an hour in advance the exact time at which the decision will be made public. [link to economico.sapo.pt]

The Constitutional Court will release at the end of the afternoon the judgment on application for enforcement of the State Budget for 2013.

"The Judgment on applications for monitoring standards of the State Budget Law for 2013 will be delivered today, in the evening, when there will be a reading of the decision, open to the presence of you journalists to identify themselves as such to the entry of the Court ", reveals in a statement.

Remember that, concerned three measures most controversial. One is the outstanding and unique contribution of s olidarity which provides a cut between 3.5% and 10% for pensions above 1,350 euros. It is argued that configures a tax, added to the IRS, has contoured confiscation. Critics contend that focuses on pension supplements awarded by private pension funds through insurance annuity, or other vehicles. This measure is worth 421 million.

Discounts for pensioners and civil servants is also in jeopardy because it defines gradual cuts in holiday pay between 600 and 1,100 euros. The value from which is suspended 90% of the income of retirees and pensioners. A measure of worth 500 million (352 million with effect IRS). Also public officials, receiving more than 1,100 euros, have suspended holiday bonuses. Ie, as assessed at 600 million (364 million with effect IRS).

The extraordinary surcharge IRS also raises important questions about the argument that the tax is not progressive and not put each household to pay according to their ability to pay. The measure is worth 750 million euros. [link to www.ionline.pt]

ALL THE EVENTS BY MINUTE (IN PORTUGUESE) [link to www.tvi24.iol.pt]

decision in less than an hour!

The Constitutional Court has just informed to announce its decision on several provisions of the Budget today at 20h.

"Please be advised that the reading of the decision on applications for monitoring standards of the State Budget Law for 2013 will be made within 45 minutes," read a note of the Constitutional Court. [link to economico.sapo.pt]

The Constitutional Court (TC) announced on Friday that the ruling on applications for monitoring standards of the State Budget Law for 2013 will be delivered in the late afternoon.

The exact time of the reading public with the decision rendered by the 13 judges in Ratton palace in Lisbon is not yet known. But in a statement, the TC undertakes to notify an hour in advance.

According to SIC Notícias, the 13 judges of the Court are meeting in plenary for the second time on Friday. The Prime Minister, Pedro Passos Coelho, has meanwhile called a meeting of the Council of Ministers for this Saturday at 15h. The meeting, with extraordinary, led the Minister of State for Foreign Affairs, Paulo Portas, to cancel an official visit to Saudi Arabia. also Education Minister, Nuno Crato, was forced to change his schedule and no longer participate in a conference in London.

The package of three standards of Budget 2013 was raised, first hand, the President of the Republic on the first day of the year, on January 2, immediately after the budget comes into force.

The questions of constitutionality Cavaco Silva sent by the TC are on suspension of holiday pay in general, the holiday allowance for pensioners and the extraordinary contribution of solidarity with reforms required to pensioners over 1350 euros.

The request was accompanied Cavaco Silva, in the same week, for 50 members of the PS, who expressed the same reservations to TC. Shortly thereafter, members of PCP, BE and ENP joined these questions, checking the surcharge of 3.5% in IRS, changes in levels of IRS or the change in payments of hours extarodinárias and unemployment and disease.

Since the Ombudsman, which for the first time, sent such a request to the Constitutional expressed reservations about cutting subsidies vacation who is no longer in service, as well as the extraordinary contribution of solidarity. [link to www.publico.pt]

15 min

5 min

Better journalism even tends to think in terms of:

Star System, Planet, Nation, State/City.

Which 'State' are you referring too? I mean without use Martians thinking your are talking about our The Republic and State of Cydonia?

Portugal

LIVE STREAM: [link to sicnoticias.sapo.pt]

ANOTHER LIVE STREAM: [link to tv.economico.sapo.pt]

All the country are waiting the court decision

How come you folks speak portuguese? Nobody but you speak that language... learn spanish!

Geeeeeeeeeeeeeezzzzzzzzzzzzzz HALF AN HOUR LATE!!!

Portuguese Constitutional Court rejects two articles from Government budget - cd have huge implications for application of (no) cuts policy.

[link to twitter.com (secure)]

Ooooops!!!

we don't know nothing yet!

How they are saying it???

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

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]

Leaked info on portuguese constitutional court...1.1 billion eur of budget cuts declared unconstitutional

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final minute pressure

WHAT A FUCK IS THIS?????