Kirkegaard Funk, Jacob, (2013), “Portugal’s Political Crisis”, www.piie.com, 3 Ιουλίου.
A political crisis has suddenly erupted in Portugal, spurred by deep divisions in the government of Prime Minister Pedro Passos Coelho, aggravated by years of austerity and bleak economic forecasts. The political turmoil has rattled financial markets and raised doubts about Portugal’s ability to recover from its long slump.Yet deteriorating economic fundamentals in Portugal did not cause this crisis. Political maneuvering did. Undoubtedly, a degree of austerity fatigue has arrived in Portugal, as growth forecasts have been revised down and unemployment has increased. Indeed, these revisions were highlighted by former finance minister Vitor Gaspar in his resignation letter on July 1, when he stated that such disappointments had undermined his credibility as finance minister.