New dangers brewing in Eurozone

The New York Times reports more problems are brewing in the Eurozone, this time in Portugal.

“A critical moment for the latest trouble took place on Friday, when Portugal’s Constitutional Court struck down four of nine contested austerity measures that the government introduced as part of a 2013 budget that included about 5 billion euros, or $6.5 billion, of tax increases and spending cuts. The ruling left the government short about 1.4 billion euros of expected revenue, or more than one-fifth of the 2013 austerity package,” the report explains.

Read more here.

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