Portugal is on the brink of financial disaster and its new prime minister has a hand-picked team to develop a rescue package. They are clever but they lack experience of the political world. A GIS expert reveals in this report who they are and what they offer.

PORTUGAL’S prime minister Pedro Passos Coelho was handed a poisoned chalice less than a month before he came to power.

The ‘gift’ was a 23.74 billion euros loan given by the International Monetary Fund (IMF) after a late but desperate call for help from Portugal. This was part of a broader financing package with the European Union (EU) totalling 78 billion euros over three years.

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Professor Jaime Nogueira Pinto
The key man behind implementing this strategy is finance minister Vitor Gaspar. He said the reduction in public spending was ‘without precedent’ in recent Portuguese history
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