Portugal finance minister resigns amid austerity fatigue

Finance Minister Vitor Gaspar, the architect of Portugal’s austerity drive under an EU/IMF bailout, resigned in a potential blow to its planned exit from the rescue programme.

Widely blamed by the Portuguese for the painful tax hikes and wage cuts since the mid-2011 deal, Gaspar said in his resignation letter he quit because of the growing erosion of public support for the adjustment plan.

via Business feed http://www.scmp.com/business/economy/article/1273693/portugal-finance-minister-resigns-amid-austerity-fatigue