The first reading meets my (low) expectations and will leave unsatisfied all those waiting for a "silver bullet" to solve the budget deficit issue.
There are several unsettled issues in the document, and a simple question that I am interested on was not answered: how much of the current deficit is due to "automatic stabilizers" at work on a downturn, and therefore how much of the recovery will be automatic as well? Can the PESSOA model mentioned in another post provider an answer to this?
Without a precise knowledge (or at least as precise as we can get) about the role of economic growth in reduction of "social payments" and increase of fiscal revenues, it will be hard to judge the impact of the currently proposed measures.
Additionally, although the economic press has made extensive reviews of some of the measures, there is no precise account on the impact of each of them in the economy, or of alternatives that have been, eventually, considered and discarded. That would be useful to know as well.
Overall, I do not expect any civil unrest translating into street fighting, due to the calm nature of people and not to the particular measures adopted.