Posts By David Lundy

12-07-201314-35-33

Portugal: Brussels Ready to Tighten the Screw

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 This article originally appeared in French in l'Humanité on the July 3, 2013. Translation by David Lundy. 

The European Commission has lost two of the foremost proponents of austerity in Portugal, where the right-wing government is teetering. Worried about the “financial markets”, Commission President José Manuel Barroso is calling on the country to “clarify the situation as soon as possible” and demanding that Portugal continue its neoliberal crusade.

Barroso is concerned. That's because Minister of Finance Vitor Gaspar announced his resignation. The craftsman of the vast austerity measures required by the troika just threw in the towel. “Vitor Gaspar had to face the fact that his potion was hopeless and also unacceptable for the Portuguese people who for months have resisted the dictates of the European Commission and a policy of servitude from the government of Pedro Passos Coelho” explains François Cocq of the Left Party (Bloco Esquerda).

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