Crisis torn Portugal cancels holidays to fight deficit
Wednesday, 09. May 2012, 15:33
Portugal brings the fight with budget deficit to a new level: the government of the country made the decision to cancel four out of fourteen existing holidays in the country.
The cancelled holidays include: November 1 – All Saint’s
day; Corpus Christi, celebrated 60 days after Easter; October 5 – celebrates
the beginning of the Portuguese Republic; December 1 – the end of the Iberian
Union and the restoration of Portugal’s independence in 1640.
Starting from 2013 these days become regular working days
and will remain that way at least for the next five years, BBC writes.
The decision to cancel these holidays was approved by the
Vatican in advance: the Catholic Church offered advice on which holidays can be
made working days.
The Portuguese government hopes that by decreasing the
number of holidays the country will be able to increase its competitiveness
which, in turn, would give a good stimulus for economic growth.
Previous attempts of the Portuguese government to combat
the financial crisis and budget deficit included decreasing public sector wages
and increasing taxes.
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