Portuguese revolt against austerity grows

Portuguese revolt against austerity grows

Portugal’s new government collapsed this week after just 11 days in office. A centre-right coalition emerged as the largest bloc after the 4 October election, but without a parliamentary majority. Since then, the Socialists, Communists and far-left Left Bloc have buried historical differences and last Tuesday managed to oust the government in a no-confidence vote. They now look set to form a government……..

 

….This Portuguese drama is “part of a larger process of political fragmentation” in Europe, noted Lachman. Catalonia is making noises about declaring independence from Spain, while the migrant crisis is undermining Angela Merkel’s authority.

If Spanish socialists combine with new insurgent parties to boot out the right in Spain next month, added Evans-Pritchard, the whole of southern Europe would be left-leaning. It would then have the “heft to confront Germany and push for a fundamental overhaul” of the euro bloc’s economic policy. Political risk in Europe is making a comeback.

 

Advertisements

About Kristjan

Defitsiidi terrorismi vastase pataljoni eriüksuslane (finantsignorantsuse vastu võitlemise osakond). Treening: MMT, postkeinsism, Tartu Ülikool Majandusteadus
Rubriigid: English. Salvesta püsiviide oma järjehoidjasse.

Lisa kommentaar

Täida nõutavad väljad või kliki ikoonile, et sisse logida:

WordPress.com Logo

Sa kommenteerid kasutades oma WordPress.com kontot. Logi välja / Muuda )

Twitter picture

Sa kommenteerid kasutades oma Twitter kontot. Logi välja / Muuda )

Facebook photo

Sa kommenteerid kasutades oma Facebook kontot. Logi välja / Muuda )

Google+ photo

Sa kommenteerid kasutades oma Google+ kontot. Logi välja / Muuda )

Connecting to %s