http://www.reuters.com/article/2012/01/20/us-portugal-restaurants-idUSTRE80J0PB20120120
Portugal's restaurants are going hungry in the nation's new austerity.
They are the 4th largest source of jobs...and account for 4% of GDP.
But many are near closing.
Part of the reason for the slow business...a newly hiked VAT tax...to 23%...from 13%.
Instead of full meals...people are ordering soups and sandwiches...often to go.
Popular Posts
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- PERU: Chaos Reigns In Lima's Streets With Unregulated Taxis And Ancient Buses.
- BRASIL: FIFA Ponders Guns Swap For World Cup Football Tickets; Lula's Tumor 75% Reduced.
- FRANCE: Angry Basque Force Sarkozy To Hide In Bar.
- MEXICO: Guapo But Bobo...PRI's Pena Nieto Still Leads To Succeed Prez Calderon.
- CHILE / CANADA : Court Suspends Barrick Gold Pascua Lama Mine Production.
- Wall Street Journal Profiles Mexico's notorious "El Chapo."
- CHILE: 16 Jan. UPDATE: Camila Vallejo Interviewed; May Run For MP As Communist.
- SERBIA / KOSOVO / EU : President Nikolic Talks Tough About Pristina.
- ARGENTINA / RUSSIA / BELARUS/ UK : Olympics News...Sort Of.