With its massive austerity measures, Portugal has become the poster child of the troika of the EU, ECB and IMF. But the country is still stuck in a deep recession and it is unclear how it will return to growth. It may need to rely on European loans for years to come.
Nothing is sacred to Pedro Passos Coelho, not even Carnival. Portugal’s prime minister expects government employees at their desks and working on Entrudo, the traditional high point of the country’s Carnival celebrations, which falls on this Tuesday. Den Rest des Beitrags lesen »