Portugal's unemployment rate has fallen for the first time in two years, the assistance of the national statistics agency said on Wednesday, but the embattled coalition government to get a little breathing its recent pressure as its primary officials exit in an ongoing scandal.
The national bureau of statistics, said, according to a preliminary estimate in the second quarter of the unemployment rate fell to 17.7% from a record high of 17.7% in the first quarter. Revision and final estimate is due later this month.
The agency did not provide the cause of the decline, but the summer season will often bring more job openings. Each region is the largest decline between in the Algarve, one of the best resorts in Europe, where I fell 3.6%.
The Portuguese has been in the past ten quarters of recession. It needs 7.8 billion euros ($10.4 billion), after 2011, a decade of weak growth and debt relief to push it closed or bankrupt.
Unemployment rate of Portugal's coalition government, is a welcome message almost collapsed, the finance minister and foreign minister resigned last month, the space of 48 hours. The two coalition partners to repair their differences and shuffle, but tensions remain.
Foreign minister in the differences between the two countries are working on the austerity measures in return for aid and many blamed the recession deepens. The government expected economic contraction in 2012, after a 3.2% contraction of 2.3% this year.
The improvement of the employment, however, is on the same day, another member of the government's financial team pulled out of the ongoing derivatives contracts signed by the state-owned enterprises in recent years.
Prove to be expensive contract to hedge the loan interest rates rise, the interest rate declines, forcing state-owned firms to pay millions of euros of international bank, the country's debt problem worse. Derivatives is not illegal, but the opposition, said they were devastating.
Treasury jorge Hector, if Mr Kim, pie, he began to work, just a month ago, the new finance minister maria Louis Albuquerque, report to the secretary of state, announced his resignation, after media reported that foreign Banks where he was trying to sell the contract before the Lisbon club director of the government, in 2005.
Jorge said PASCAL, although, he is not directly involved in the buying and selling derivatives in the effort, he has to catch up with the financial transactions as one of the root of the crisis in the public's anger.
Jorge PASCAL, denied any wrongdoing in his resignation letter, sent via email to reporters. Recent media attention, he said, had "the last straw, claimed that his words were distorted, and complained to him a political movement.
Albuquerque, finance minister, has also been questioned parliament investigate her role in her previous job, as chief financial officer of hedges in state-owned railway construction company, please refer to.



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