After the bailout was announced, the Portuguese government headed by Pedro Passos Coelho managed to implement measures with the intention of improve the State's financial situation, including tax hikes, a freeze of civil service-related lower-wages and cuts of higher-wages by 14.3%, on top of the government's spending cuts. The Portuguese government also agreed to eliminate its golden share in Portugal Telecom which gave it veto power over vital decisions. In 2012, all public servants had already seen an average wage cut of 20% relative to their 2010 baseline, with cuts reaching 25% for those earning more than 1,500 euro per month. COUNT 4
QSN1 Who headed the government after the bailout was announced? ANS1 Pedro Passos Coelho QSN2 What was the purpose of the Portuguese bailout? ANS2 improve the State's financial situation QSN3 How was the Portuguese bailout implemented? ANS3 tax hikes, a freeze of civil service-related lower-wages and cuts of higher-wages by 14.3%, on top of the government's spending cuts QSN4 Between 2010 and 2012, by what percentage were the wages of public servants cut? ANS4 20%