Dick Barbor-Might

Portugal: Forty years on from Carnation Revolution, its spirit lives on

Three years ago the Portuguese government, unable to raise funds on the capital markets, went for help to the infamous troika ― the combination of the International Monetary Fund, European Central Bank and European Union. In return for their bail-out, the troika imposed punitive conditions that have wrecked livelihoods.

In Portugal last September, the negative impact was expressed for me in one biting comment: “They are draining the life blood from Portugal.”

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