Cartoons

Portugal: The economy is rolling!

28 January 2013
Expresso Lisbon

The economy is rolling! – Rodrigo

On the rock: "Austerity"

On the flag held by Prime Minister Pedro Passos Coelho: "Return to the markets"

…Go on, keep your heads up!!!

Portugal has returned to the international market for long-term debt from which it was excluded following its request for a troika bailout in April 2011.

On January 23, the country's treasury sold €2.5bn of 5-year bonds at a rate of 4.89 per cent. Some 60 per cent of the buyers were British or American. However, the sale will not mean an end to austerity in the country.