Tag: Pedro Passos Coelho

• Portugal’s Political Crisis, or the Ordeal of Junior Coalition Partners

  July 3, 2013

  Austerity, Eurozone Crisis, Welfare

  On Monday, the Portuguese Finance Minister Vitor Gaspar resigned. Gaspar was the main architect of  Portugal’s austerity drive since its bailout two years ago. His political charisma was akin to a flat bike tyre, but he was considered a major guarantee of credibility for the Troika and Portugal’s creditors. Apparently, he had already asked to Read.