People protest against austerity on streets of Funchal holding a portrait of Portuguese President Cavaco Silva in Madeira island

People protest against austerity on the streets of Funchal holding a portrait of Portuguese President Cavaco Silva in Madeira island September 15, 2012. Over 100,000 protesters marched in Lisbon and many thousands in other Portuguese cities on Saturday in against a new bout of tax hikes that has already shattered the political consensus behind austerity imposed by an EU/IMF bailout. Organised via the Internet, the unusually large rallies brought together Portuguese of all ages and walks of life, who chanted: “Out of here! IMF is hunger and misery!”, and called on the centre-right government to resign. The words on the portrait read, “Republic President, Wanted”. REUTERS/Duarte Sa (PORTUGAL – Tags: POLITICS BUSINESS EMPLOYMENT)