International Marketing Portugal examines the effects of Portugal’s plans for its biggest spending c
Added: (Thu Sep 08 2011)
Pressbox (Press Release) -
With the Portuguese government recently announcing a strategy to cut their budget deficit to close to zero in under 4 years – it promises to be the largest cuts in Portuguese government spending in 50 years. The cuts are set out to meet the deficit reductions for Portugal’s €78 billion European Union and International Monetary Fund bail-out agreement. Christoph Grizzard, Managing Director of International Marketing Portugal, wonders just how the cuts will affect not only consumers, but how the cuts will affect ‘Job Security’ for the public sector employees.
Vítor Gaspar, finance minister, described the upcoming spending cuts and reduction in the Government's spending budget as "unprecedented". He also announced higher tax rates for the highest earning individuals and companies. All information and details on the planned cuts are due to be revealed Mid-October when the government is due to present its Budget Proposal for 2012. But just what will be the repercussions of such an extreme move for Portugal? Christoph Grizzard says “I think it is very important that the Portuguese Government keeps in mind the affected parties in this situation – The economy is already in turmoil.”
Despite this trend International Marketing Portugal has been successful in generating constant growth for their clients in the Lisbon area, and are looking to recruit several individuals to help further campaigns. Given their performance in this difficult climate and with excellent prospects for development, Mr. Grizzard aims to attract candidates of a caliber which he hopes will allow international Marketing Portugal to continue to go from strength to strength in the future.