WASHINGTON — Portugal’s Constitutional Court has recently overturned a series of public spending cuts enacted by the current majority government. This has emboldened its opposition to try to scale back more of the spending cuts in the near future.
Reuters reported that the court is seen as the most viable threat to the economic stability of the European nation, as their parliament will vote on a new 2014 budget.
The opposition vowed to challenge these cuts in court.
The nation could be exiting bailout status next year, but the possible court challenge puts all those past efforts at risk. Instead of spending cuts, the government could be forced to raise taxes on a nation that has suffered enough financially and had some European nations wondering if it would become the next “Greece”.