http://www.rte.ie/news/2010/0508/portugal.htmlPortuguese Prime Minister Jose Socrates has announced plans to delay some major public projects to reduce the country's public deficit this year.
The Portuguese government has decided to reduce the deficit this year to 7.3% of GDP.
Portugal is struggling to fend off comparisons to Greece.
It looks like Portugal is succumbing to external pressure to take action on its problems. We will probably hear a few similar announcements from other countries over the next week or two as the Eurozone struggles to stabilise the currency.