Portugal's Prime Minister Pedro Passos Coelho addresses to the nation at Lisbon's Sao Bento palace, the premier's official resident, Friday, May 3, 2013. Passos Coelho said he plans to raise the ... more 
Portugal's Prime Minister Pedro Passos Coelho addresses to the nation at Lisbon's Sao Bento palace, the premier's official resident, Friday, May 3, 2013. Passos Coelho said he plans to raise the retirement age to 66 from 65 and lay off some 30.000 government workers in measures that aim to save 4.8 billion euros (USD6.3 billion) over the next three years. The premier claimed the new austerity measures are needed to ensure Portugal won't need another bailout. (AP Photo/Francisco Seco) less 
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Associated Press | Photo By Francisco Seco
Mon, May 6, 2013 7:49 AM EDT