The opposite of Greece

The result of the Portuguese election suggests tough reforms and fiscal austerity can eventually pay off - politically and economically. [...]

New Zealand’s $US150m Portuguese headache

The New Zealand Super Fund’s battle with Portugal is the first major clash in the two countries’ history. Fortunately, we do not have to expect any kind of retaliation, nor will the two sole frigates in the Royal New Zealand Navy set sail for Lisbon anytime soon. [...]

Sad songs from Portugal

The European rescue package will do little to make Portugal more attractive to its young generation. They only have to watch the news from Greece to see their own future. Overly indebted, unable to fund itself at reasonable interest rates in capital markets, the government will become dependent on funds from the European rescue funds almost indefinitely. [...]