The future of the European Union – Portugal’s view

Thousands turned out across Portugal to demonstrate (photo:dpa)
Thousands turned out across Portugal to demonstrate (photo:dpa)

Portugal’s social and political order is being tested to the limit as the coalition government imposes further austerity measures to meet the terms of its bailout package. A majority of the people support the public demonstrations against austerity and rising taxes in Portugal's towns and cities but not the violence. In part four of our series on the Future of Europe we consider that anger aimed at the European Union and the euro could easily change and risk social cohesion and political stability.

EUROPE has lost its power and importance in the world. That is becoming clear from the intimate connection between politics and economics.

This is not surprising. The 2008 world...

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