Financial worries

Unemployment levels in Portugal have reached 400,000 according to figures revealed by the National Association of Small and Medium Businesses (ANPME) who are now calling for the resignation of finance minister Teixeira dos Santos.

Augusto Morais, the chairman of ANPME, has spoken out saying that current government measures are not enough to save businesses from bankruptcy or to secure thousands of jobs.

According to ANPME there are currently 4,000 companies in Portugal trying to negotiate financial rescue packages with the state.

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