Following his impassioned speech on Tuesday declaring Portugal will “not accept to be condemned to live in poverty, a country of low salaries”, prime minister António Costa has let it be revealed that if push comes to shove, the PS government will increase IVA by two percentage points, from the current 23% to 25%.
This way, the “billion euro” haircut being demanded by Brussels will bypass the need to touch salaries or pensions, explains national tabloid Correio da Manhã.