AOL.com Video - OECD: Euro Zone Threatens World Economy

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OECD: Euro Zone Threatens World Economy

Description:Budget day in Portugal, and few people are happy. Parliament has approved a tough new spending plan for 2013 - which will bring a third year of recession. It's unveiled the biggest tax hikes in the country's modern history - designed to ensure Lisbon can stick to the terms of its international bailout. (2:12)

Source: Reuters

Tags: reuters , angel gurria , Europe. , Hargreaves Lansdown