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Portugal

Portugal: Socialists on their own

1 February 2022 - by Michael Roberts

Portugal’s ruling socialists under prime minister, António Costa, achieved a surprising victory in parliamentary elections on Sunday. The Socialists gained an outright majority in the new parliament over all other parties and will be able to rule (...)
Portugal & Europe

An Agenda for Europe: The struggle for the solution of the debt and the Euro

22 December 2017 - by Francisco Louça

In this brief text I reflect on the international context and the European crisis on the basis of the experience of Portugal under the Troika and the political change that has happened since then. The first part presents a map for 2016, the (...)
Portugal’s Debt Repudiation in 1837

19 September 2017 - by Eric Toussaint

After an armed struggle for succession that lasted from 1831 to 1834, Queen Maria of Portugal repudiated a loan issued in 1833 by the self-proclaimed king, Dom Miguel. She justified the repudiation by saying that bankers should not have lent (...)
The USA’s repudiation of the debt demanded by Spain from Cuba in 1898: What about Greece, Cyprus, Portugal, etc.?

8 September 2016 - by Eric Toussaint

The USA declared war on Spain in the middle of 1898, and sent their navy and troops to “liberate” Cuba from the Spanish yoke. Spain was defeated and negotiations between the two countries began in Paris in order to reach a peace agreement, finally (...)
Can the New Left Govern Europe?

29 February 2016 - by Conn Hallinan

After a year of earthshaking victories and devastating setbacks, Europe’s new progressive parties are slowly learning how to balance governance with activism. Over the past year, left and center-left parties have taken control of two European (...)
An unlikely deal for the Left begets victories and exposes all contradictions

19 January 2016 - by João Camargo

After the Portuguese general election last October it seemed unlikely that the actual outcome could have made such a long run. The Socialist Party, led by Antonio Costa, had to choose between its utter surrender to the center-right or a shift to (...)
What will happen after this weekend’s agreement between the Socialists, the Left Bloc and the Communists?

11 November 2015 - by Francisco Louça

Over the weekend, the Socialists and the Communists signed an agreement. Since the Left Bloc and the Socialists had already done likewise, there is, right now, a parliamentary majority to defeat the briefest government in the history of (...)
Vidéo

Zoi Konstantopoulou and Francisco Louca

1 June 2015 - by Francisco Louça, Zoe Konstantopoulou

The President of the Greek Parliament Zoi Konstantopoulou and Francisco Louca, founder of the portuguese Bloco de Esquerda, discussing the Truth Commission on the Greek Public Debt (Lisbon, 12/05/2015) With respect to (...)
A discussion on the “Sustainable Program for Debt Restructuring in Portugal”

16 March 2015 - by Daniel Munevar

The purpose of this article is to discuss the salient points of the proposal recently presented by a group of Portuguese economists to restructure public debt in Portugal. The authors present a “Sustainable Program” (SP) to address the debt (...)
Austerity policies in Portugal

27 January 2014 - by Rui Viana Pereira

One cannot say that the austerity measures in 2013 came as a surprise – all of them were mentioned in the first Memorandum of Understanding (MoU) between the Troika and the Portuguese government, signed in May 2011 by all governing parties (PS, (...)
Portugal: Precautionary Program

9 December 2013 - by Nuno Teles

They call it “insurance”, “precautionary program”, “return to the markets” , “post- troika” , etc... The idea is simple. The European Union has set up a fund of 500 billion euros, the European Stability Mechanism (ESM ), through which future bailouts (...)
Portugal

Open letter to Angela Merkel

Dear chancellor Merkel, We start by saying we address you only as chancellor of Germany. We did not vote for you and do not acknowledge the existence of a chancellor of Europe. We, the subscribers of this open letter, write to you as free (...)
Open letter to Bundeskanzlerin Merkel

5 November 2012 - by José Maria Castro Caldas

Dear Ms. Bundeskanzlerin Angela Merkel, Regarding your coming visit to Portugal, I hereby request that you forward the following brief message to your fellow citizens: We are well aware of the fact that in the past decade, your governments (...)