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Portugal is the latest European country to be hit with a general strike over proposed austerity measures. Air traffic controllers and transit workers were the first to walk off the job. They were later joined by hundreds of thousands more, including hospital staff and teachers. The Portuguese parliament is voting on a budget next week that would slash spending and raise taxes.

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Italy’s Prime Minister, Silvio Berlusconi, said he will resign as soon as a new budget – that includes austerity measures – is approved by Parliament. Berlusconi stressed that his country needs to prove to lenders and markets that they’re striving to solve their debt worries, and that leadership and everything else comes after that.

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Greek Prime Minister George Papandreou went before Parliament and more or less begged his citizens to accept the government’s proposed austerity measures. They include steep tax hikes, spending cuts, and privatization plans. Greece is in the middle of a horrible financial crisis that could see the country go bankrupt, which would be, according to Papandreou, “catastrophic.”

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