News / Europe

    Portuguese Government Scrambles to Avert Political Crisis

    People shout slogans during a protest by the Portuguese Communist party, demanding the breakup of the Portuguese parliament and early elections, in Lisbon, July 3, 2013.
    People shout slogans during a protest by the Portuguese Communist party, demanding the breakup of the Portuguese parliament and early elections, in Lisbon, July 3, 2013.
    Selah Hennessy
    Portugal's leaders worked to save their coalition government Thursday after two cabinet members resigned. The political turmoil in Portugal has been rocking the markets, and analysts say it is a clear indicator the eurozone crisis is far from over.

    A spokesperson for the Portuguese government said Thursday that talks between the prime minister and his coalition partners were taking place in a “very positive atmosphere.” No further details were given.

    Prime Minister Pedro Passos Coelho was meeting with the leader of the rightist CDS-PP party to heal the rift that erupted after the country’s finance minister and foreign minister both resigned this week.

    Their resignations follow widespread discontent over Portugal’s tough austerity measures.

    Ramon Pacheco Pardo from the European and International Studies department at King’s College London says it is a change for the Portuguese government, which until now has appeared united in its austerity drive.

    “This is a new move in Portuguese politics toward some people making it clear that they do not agree with the policies that they are being demanded to implement," he said. "So we see that the broader agreement that seemed to exist among the main political parties in Portugal does not really exist.”

    At this point, he said, it is unclear what will happen, but if talks fail there could be new elections in the coming months.

    The government is working to complete its $102 billion bailout next year. But its austerity drive, which is a requirement of the international loan, has forced the country even deeper into its worst economic slump since the 1970s.

    Pardo said the government’s determination to pursue austerity might be crumbling.

    And if Portugal begins a shift away from austerity, other European nations could follow.

    “It is very likely that in other European countries, and we have seen this more openly in Greece for example, politicians might not be willing to carry on with these cuts,” said Pardo.

    The markets reacted quickly to Portuguese political unrest. The Portuguese 10-year government bond yield spiked to eight percent on Wednesday - close to the levels reached two years ago, when Portugal was forced to seek a bailout.

    Christian Schweiger, a Europe expert at Durham University, said the market reaction is worrying.

    “This shows that the European crisis is definitely not over,” he said.

    And he said Portugal is not on its own. Popular discontent over austerity is widespread across Europe, not least because of soaring unemployment levels among the youth. Schweiger said euro countries could see growing unrest.

    “If you look at Cyprus for example, we have heard nothing of Cyprus in the last few weeks, but we do not know if a similar situation could not arise given that we had quite large protests against the austerity measures that Cyprus has to implement,” he said.

    European Union and International Monetary Fund auditors are due to arrive in Portugal on July 15 to review the country’s progress on economic reforms. Those reforms are a prerequisite for Portugal getting the next tranche of its international loan.

    You May Like

    Turkey, US Splits Deepen Over Support for Kurdish Militants

    Ankara summons American ambassador to protest remarks by State Department spokesman who said Washington does not consider Syria's Kurdish Democracy Union Party (PYD) a terrorist organization

    Obama Seeking $19 Billion for National Cybersecurity

    Move, touted as attempt to build broad, cohesive federal response to cyberthreats, calls for increase in cybersecurity spending across all government agencies

    Video Foreign Policy Weighs Heavy for Some US Voters

    VOA talks to protesters in Manchester, New Hampshire, who sound off on foreign policy issues such as the Guantanamo Bay prison, the Israeli-Palestinian conflict and the wars in Iraq, Syria and Yemen

    This forum has been closed.
    Comments
         
    There are no comments in this forum. Be first and add one

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Valentine's Day Stinks for Lebanese Clownsi
    X
    February 09, 2016 8:04 PM
    This weekend, on Valentine's Day in Lebanon, love is not the only thing in the air. More than half a year after the country's trash crisis began, the stink of uncollected garbage remains on the streets. Step forward "Clown Me In," a group of clowns who use their skills for activism. Before the most romantic day of the year the clowns have released their unusual take on love in Lebanon -- in a bid to keep the pressure up and get the trash off the streets. John Owens reports from Beirut.
    Video

    Video Valentine's Day Stinks for Lebanese Clowns

    This weekend, on Valentine's Day in Lebanon, love is not the only thing in the air. More than half a year after the country's trash crisis began, the stink of uncollected garbage remains on the streets. Step forward "Clown Me In," a group of clowns who use their skills for activism. Before the most romantic day of the year the clowns have released their unusual take on love in Lebanon -- in a bid to keep the pressure up and get the trash off the streets. John Owens reports from Beirut.
    Video

    Video Rocky Year Ahead for Nigeria Amid Oil Price Crash

    The global fall in the price of oil has rattled the economies of many petroleum exporters, and Africa’s oil king Nigeria is no exception. As Chris Stein reports from Lagos, analysts are predicting a rough year ahead for the continent’s top producer of crude.
    Video

    Video Foreign Policy Weighs Heavy for Some US Voters

    VOA talks to protesters in Manchester, New Hampshire who sound off on foreign policy issues such as the Guantanamo Bay Prison, the Israeli-Palestinian conflict, Middle East Affairs and national security.
    Video

    Video 'No Means No' Program Targets Sexual Violence in Kenya

    The organizers of an initiative to reduce and stop rape in the informal settlements around Kenya's capital say their program is having marked success. Girls are taking self-defense classes while the boys are learning how to protect the girls and respect them. Lenny Ruvaga reports from Nairobi.
    Video

    Video New Hampshire Voters Are Independent, Mindful of History

    Once every four years, the northeastern state of New Hampshire becomes the center of the U.S. political universe with its first-in-the-nation presidential primary. What's unusual about New Hampshire is how seriously the voters take their role and the responsibility of being among the first to weigh in on the candidates.
    Video

    Video Chocolate Lovers Get a Sweet History Lesson

    Observed in many countries around the world, Valentine’s Day is sometimes celebrated with chocolate festivals. But at a festival near Washington, the visitors experience a bit more than a sugar rush. They go on a sweet journey through history. VOA’s June Soh takes us to the festival.
    Video

    Video 'Smart' Bandages Could Heal Wounds More Quickly

    Simple bandages are usually seen as the first line of attack in healing small to moderate wounds and burns. But scientists say new synthetic materials with embedded microsensors could turn bandages into a much more valuable tool for emergency physicians. VOA’s George Putic reports.
    Video

    Video Bhutanese Refugees in New Hampshire Closely Watching Primary Election

    They fled their country and lived in refugee camps in neighboring Nepal for decades before being resettled in the northeastern U.S. state of New Hampshire -- now the focus of the U.S. presidential contest. VOA correspondent Aru Pande spoke with members of the Bhutanese community, including new American citizens, about the campaign and the strong anti-immigrant rhetoric of some of the candidates.
    Video

    Video Researchers Use 3-D Printer to Produce Transplantable Body Parts

    Human organ transplants have become fairly common around the world in the past few decades. Researchers at various universities are coordinating their efforts to find solutions -- including teams at the University of Pennsylvania and Rice University in Houston that are experimenting with a 3-D printer -- to make blood vessels and other structures for implant. As VOA’s Greg Flakus reports from Houston, they are also using these artificial body parts to seek ways of defeating cancerous tumors.
    Video

    Video Helping the Blind 'See' Great Art

    There are 285 million blind and visually impaired people in the world who are unable to enjoy visual art at a museum. One New York photographer is trying to fix this situation by making tangible copies of the world’s masterpieces. VOA correspondent Victoria Kupchinetsky was there as visually impaired people got a feel for great art. Joy Wagner narrates her report.
    Video

    Video German Artists to Memorialize Refugees With Life Jacket Exhibit

    Sold in every kind of shop in some Turkish port towns, life jackets have become a symbol of the refugee crisis that brought a million people to Europe in 2015.  On the shores of Lesbos, Greece, German artists collect discarded life jackets as they prepare an art installation they plan to display in Germany.  For VOA, Hamada Elrasam has this report from Lesbos, Greece.
    Video

    Video E-readers Help Ease Africa's Book Shortage

    Millions of people in Africa can't read, and there's a chronic shortage of books. A non-profit organization called Worldreader is trying to help change all that one e-reader at a time. VOA’s Deborah Block tells us about a girls' school in Nairobi, Kenya where Worldreader is making a difference.
    Video

    Video Genius Lets World Share Its Knowledge

    Inspired by crowdsourcing companies like Wikipedia, Genius allows anyone to edit anything on the web, using its web annotation tool
    Video

    Video In Philippines, Mixed Feelings About Greater US Military Presence

    In the Philippines, some who will be directly affected by a recent Supreme Court decision clearing the way for more United States troop visits are having mixed reactions.  The increased rotations come at a time when the Philippines is trying to build up its military in the face of growing maritime assertiveness from China.  From Bahile, Palawan on the coast of the South China Sea, Simone Orendain has this story.