Mr Marcus McGowan MSc PgDip BA (Hons)

This Business Education Learning Blog is aimed primarily at Higher Business Management students/teachers and ICT students/teachers.

The aim of this blog is to provide you with interesting articles, news, trivia as well as resources or links to materials which will help in your course of study.

I am a Teacher of Business Education and I have written for Education Scotland and BBC Bitesize.

If you'd like to contact me please click on the link to: email me

Friday, 25 November 2011

Portugal braced for a 24 hour strike

A 24-hour strike in Portugal against proposed austerity measures has grounded flights and halted public transport.

Hundreds of thousands of workers took part in the action, including air traffic controllers, metro workers, teachers and hospital staff.

A march in the capital, Lisbon, attracted thousands of protesters.

Parliament will vote next week on a deficit reduction plan being imposed as a result of an international bailout.

Portugal is getting 78bn euros (£67bn; $104bn) in emergency funds from the EU and the International Monetary Fund (IMF)

In a separate development on Thursday, the credit ratings agency Fitch downgraded Portugal's debt to junk status, blaming Lisbon's "large fiscal imbalances" as well as the "adverse macroeconomic outlook".

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