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Tens of thousands in new rally against Portuguese austerity

Published on Sep 30, 2012 7:45 AM
People shout slogans during a protest in Lisbon against austerity September 29, 2012. -- PHOTO: REUTERS

LISBON (AFP) - Tens of thousands of Portuguese took to the streets of Lisbon on Saturday in a new protest against government austerity measures expected to get even tougher to meet pledges to creditors.

Marchers filled the central Praca do Comercio square at the call of the main CGTP trade union to demonstrate against "the theft of wages and pensions".

Finance Minister Vitor Gaspar has indicated the government will announce new measures including spending cuts and capital tax hikes to meet deficit targets.

Portugal has to meet the targets to receive more funds under a bailout worth 78 billion euros (S$123 billion) from international lenders.

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