A round-up of recent public finance news stories from Europe you might have missed.
Portugal to slash public sector wages and pensions to make €3bn cuts
Portugal is to slash public sector wages and pensions in 2014 as the troubled country attempts to bounce back from its economic crisis. (IBT Times)
Cyprus public payroll unsustainable in its current structure
The state payroll is not sustainable the way it is currently structured, experts studying the reform of the public sector have found. (Cyprus Mail)
Czech PM sees 2013 deficit 'substantially' below target
The Czech central state budget deficit may substantially undershoot the 100 billion crown ($5.27bn) target thanks to an inflow of European Union subsidies, Prime Minister Jiri Rusnok said on Wednesday. (Chicago Tribune)
German institutes say government will have a surplus in 2014 but trim growth forecast
While politicians in the United States argue about spending cuts, deficits and the debt ceiling, Germany faces a different discussion: what to do with a looming budget surplus. The country's strong economy means it will take in more in tax revenue than it will spend next year for a third straight year, a group of top economic institutes said in a twice-annual report. (AP via Fox News)
Youth unemployment campaign hits European Parliament
The European Youth Forum has called on MEPs to sign up to 11 pledges on issues from education to implementing to a youth job guarantee scheme. (EurActiv)
