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LISBON, Sept. 18 (Xinhua) -- Portugal's Socialist Party candidates for the primary elections are still locked up in a debate about the national minimum wage with Lisbon Mayor Antonio Costa Alex Mack Jersey , insisting it is raised to 525 euros (678 U.S. dollars) and be determined on basis of the social concertation, according to local media reports on Thursday.
Portugal's minimum wage has been 485 euros since 2011, with the country insisting on harsh austerity to meet the targets of the 78-bln-euro bailout program signed in 2011 and ended four months ago.
"We must not act in relation to the election cycle but in relation to the needs of the Portuguese people," Socialist leader Antonio Jose Seguro said during a visit to Vila de Conde, some 300 kilometers north of capital Lisbon.
Seguro has insisted on a "stable" increase in the minimum wage, taking into account "social concertation."
Antonio Costa Vic Beasley Jr Jersey , on the other hand, has demanded the national minimum wage be raised to 525 euros by January 1, pointing to the "interruption" caused by the financial crisis. He emphasized this during an election campaign in Lisbon, pointing out that the country need an "agenda for the next decade to put the country back on track."
Portugal's Socialist Party leadership elections are expected to take place on September 28.
While the government insists it is doing everything in its hands to reach a consensus with its social partners, the country's largest trade union CGTP has accused the government of delaying the decision and has pointed out that the proposed sum of between 500 and 505 euros is still too low compared to the EU average.
Portuguese living conditions have worsened considerably in the past years, with statistics showing that Portuguese employees receive around 400 euros less every year compared with 2012. And around 4 million people were on the national minimum wage of 485 euros for full-time work last year
The country's high unemployment rate has forced thousands of people to work abroad. The recent crisis of its largest private bank BES also knocked the country's recovery Matt Ryan Jersey , despite a string of successful bond sales.
Portugal is attempting to cut it's budget deficit from 4.9 percent of Gross Domestic Product in 2013 to 4 percent this year and to 2.5 percent next year.
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