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Friendship with Chávez “a necessary evil” for Portugal’s Sócrates

Chávez's overtures made Sócrates (right) uncomfortable.

Wikileaks cables show how his relationship with Chávez left Sócrates concerned both at relations with Washington and the well-being of the Portuguese community in Venezuela.

September 19th, 2011 | Posted in Featured, Politics, Portugal News, Wikileaks | Read More »

Portugal gets bailout as Sócrates eyes reelection

José Sócrates: down, but not out?

When Portuguese Prime Minister José Sócrates resigned in March after his debt-reducing austerity plan was thrown out of the Lisbon parliament many people thought it would be the end of the once popular leftist leader. They may have been wrong.

May 4th, 2011 | Posted in Business, Portugal News | Read More »

A bitter celebration as Portugal remembers the Carnation Revolution

Memory of the Carnation Revolution is cause for celebration. But this year there's less to celebrate in Portugal.

The anniversary of the Revolução dos Cravos, the peaceful uprising that overthrew their country’s dictatorship in 1974 is reason to celebrate for most Portuguese. But this year rejoicing will be muted as the nation awaits finalisation of the bailout loan it has requested from the EU.

April 25th, 2011 | Posted in Politics, Portugal News | Read More »

Spain and Portugal’s right shun austerity and Brussels – for now

Iberia’s main opposition parties have refused to back the painful cuts advocated by their countries’ Socialist administrations. This may win them votes, but with the chance to take power soon, both conservative parties will soon have to take some tough decisions.

March 29th, 2011 | Posted in Iberoblog | Read More »

Bailout beckons as Portugal’s Sócrates resigns

José Sócrates failed to convince other political parties of the need for further cuts.

Portugal moves a step closer to a Greek-style crisis as the Socialist prime minister steps down after an unsuccessful congressional vote on measures to cut the deficit.

March 24th, 2011 | Posted in Politics, Portugal News | Read More »

Portugal’s debt: a tale of pride and prejudice

Portuguese Prime Minister José Sócrates still has plenty to ponder. Photo: José Goulao.

Portuguese officials continue to insist they can keep the threat of a bailout at bay with their current austerity push. However, that does not mean the markets will be convinced.

February 24th, 2011 | Posted in Business, Portugal News | Read More »

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