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EU Finance Ministers Urge Austerity Reforms As European Unions Protest

GODOLLO, Hungary (Marton Dunai) – EU finance ministers on Saturday urged Portugal to commit to reforms and defended the region’s austerity steps as tens of thousands of European workers protested in Budapest against spending cuts.Finance min…

GODOLLO, Hungary (Marton Dunai) – EU finance ministers on Saturday urged Portugal to commit to reforms and defended the region’s austerity steps as tens of thousands of European workers protested in Budapest against spending cuts.

Finance ministers and central bankers from the 27-nation bloc held a second day of informal talks outside the Hungarian capital on their response to the euro zone debt crisis after Portugal on Wednesday became the third euro zone country to ask for EU and IMF financial aid.

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