Portugal’s Passos Coelho Clings to Power After Ministers Resign
The conservative prime minister is confident he can stave off early elections.
Portugal
Portugal Gets Extra Year to Meet Budget Targets
As Portugal’s economy fails to recover, the government struggles to reduce its deficit.
Southern Europe’s Woes, Failure of the Welfare State?
Germany, the Netherlands and Sweden are welfare states too yet their economies are highly competitive.
Irish, Portuguese Toughen It Out While Greeks Rage
Irish and Portuguese voters appear to have resigned to austerity, unlike the Greeks.
Portuguese Finance Minister Warns: No More Stimulus
Vítor Gaspar says Portugal’s deep economic recession is a “cautionary tale” of the failure of Keynesian stimulus policy.
Portuguese Foreign Minister Conducts Economic Diplomacy
The European country’s new center-right government intends to conduct foreign policy with a business mentality.
Europe “Essentially Makes Keynesianism Illegal”
Britain stands on the sidelines as the rest of Europe moves toward closer economic and fiscal integration.
Portugal’s Despondency Likely to Endure
Portugal’s economic prospects are dire because the nation’s political system isn’t prepared to reform.
Drug Decriminalization Worked in Portugal
The small European country proves opponents of a liberal drug policy wrong.
Portuguese Elect Right-Wing Government
Portugal’s opposition unseats the ruling Socialist Party.
Is Austerity Failing?
Paul Krugman doesn’t tell the whole story when he points at Greece to argue against spending cuts.
Portugal Requests European Financial Support
Faced with mounting borrowing costs, the Portuguese request a bailout from their fellow European Union member states.
Portuguese Opposition Rejects Austerity Plans
Political uncertainty and a lack of substantive public sector reforms may compel Portugal to seek an international bailout.
European Bank President Urges Budget Cuts
In the words of Jean-Claude Trichet, “monetary policy responsibility cannot substitute for government irresponsibility.” Europe has to cut spending.
NATO Leaders Look Beyond Afghanistan
The North Atlantic allies meet in Lisbon this week to discuss their future role in Afghanistan.