Insights into what is involved in buying, selling & living in Portugal

New austerity measures

Salaries go down as Social Security goes up Private workers will lose one salary, whilst public employees will lose two It was the first time that a Government measure was received with such unanimous opposition, but when Pedro Passos Coelho announced last Friday (September 7) that all workers would see their monthly contribution to Social Security increase by seven percentage points as of 2013, everyone – regardless of their political stance – agreed to disagree with the Portuguese Prime Minister. Read more →