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            <channel><title>Presseurop | <![CDATA[Portugal]]></title>
                <link>http://www.presseurop.eu/en</link>
                <description>The best of the European press translated into 10 languages</description>
                <language>en</language><item><title>Portugal | Shopping in the troika era (Jornal de Negócios, Lisbon)</title><link>http://www.presseurop.eu/en/content/article/1484011-shopping-troika-era</link><description><![CDATA[Since Portugal has been subjected to an austerity regimen by the EU/ECB/IMF troika, Portuguese consumers have adapted their habits. The crisis is pushing consumers to save but also to be more creative. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/SAMPAIO-portugal-consomation_0.jpg" length="116218" type="image/jpeg" /><pubDate>Mon, 06 Feb 2012 18:05:02 +0100</pubDate></item>
<item><title>Debate | Ingo Schulze - 10 theses about the crisis (Süddeutsche Zeitung, Munich)</title><link>http://www.presseurop.eu/en/content/article/1451011-ingo-schulze-10-theses-about-crisis</link><description><![CDATA[It is the madness that has become self-evident: for years, the public sphere has been plundered and democracy ruined. The German writer Ingo Schulze has had enough. Here he sets out ten reasons to take himself seriously again. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/beppegiacobbe-cloud.jpg" length="32805" type="image/jpeg" /><pubDate>Fri, 27 Jan 2012 15:43:47 +0100</pubDate></item>
<item><title>Portugal | Guimarães - can culture beat the crisis? (El País, Madrid)</title><link>http://www.presseurop.eu/en/content/article/1440381-guimaraes-can-culture-beat-crisis</link><description><![CDATA[A former textile industry boom town, Guimarães is using its 2012 European Capital of Culture status to resurface after over twenty years in the economic doldrums. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/Guimaraes-2012.jpg" length="174052" type="image/jpeg" /><pubDate>Wed, 25 Jan 2012 15:31:43 +0100</pubDate></item>
<item><title>Arms industry | Greece still splashes out billions on defence (Die Zeit, Hamburg)</title><link>http://www.presseurop.eu/en/content/article/1383501-greece-still-splashes-out-billions-defence</link><description><![CDATA[Frigates, tanks and submarines: Greece may be teetering on the brink, but the bite of austerity hasn’t come near its military. And Germany is profiting from it. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/greece-army.jpg" length="35066" type="image/jpeg" /><pubDate>Wed, 11 Jan 2012 18:08:53 +0100</pubDate></item>
<item><title>Economic crisis | Portuguese companies flee to Netherlands</title><link>http://www.presseurop.eu/en/content/news-brief-cover/1354921-portuguese-companies-flee-netherlands</link><description><![CDATA[&quot;Portugal loses tax revenue but JM pays the same,&quot; headlines Portuguese financial daily Jornal de Neg&oacute;cios following the announcement by the Jer&oacute;nimo Martins group (JM) [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/jn.jpg" length="31890" type="image/jpeg" /><pubDate>Wed, 04 Jan 2012 16:01:30 +0100</pubDate></item>
<item><title>Emigration | The Greek exodus to Australia (The Guardian, London)</title><link>http://www.presseurop.eu/en/content/article/1318891-greek-exodus-australia</link><description><![CDATA[For young Europeans from crisis stricken states, booming Australia has become a new land of opportunity. This is especially true for a new generation of Greek graduates, joining the largest expatriate Greek community in the world. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/greek-australia-A.jpg" length="39934" type="image/jpeg" /><pubDate>Thu, 22 Dec 2011 17:22:55 +0100</pubDate></item>
<item><title>Eurozone crisis | UK prepares to rescue Eurogeddon refugees</title><link>http://www.presseurop.eu/en/content/news-brief-cover/1305781-uk-prepares-rescue-eurogeddon-refugees</link><description><![CDATA[With  credit rating agencies warning that the deal struck by EU leaders this  month might not save the single currency from collapse, the [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/TheSundayTimes-12192011-100.jpg" length="14248" type="image/jpeg" /><pubDate>Mon, 19 Dec 2011 14:00:15 +0100</pubDate></item>
<item><title>Economy | Portugal, glittering prize for emerging nations (Expresso, Lisbon)</title><link>http://www.presseurop.eu/en/content/article/1255321-portugal-glittering-prize-emerging-nations</link><description><![CDATA[To cut its debt, Portugal’s government has embarked on a far-reaching privatisation program. Brazilian, Chinese and Angolans are the main candidates for taking over its national enterprises. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/portugal_0.jpg" length="82387" type="image/jpeg" /><pubDate>Tue, 06 Dec 2011 18:33:12 +0100</pubDate></item>
<item><title>Who’s afraid of Germany? (5) | Europe - an awfully wonderful family (Die Zeit, Hamburg)</title><link>http://www.presseurop.eu/en/content/article/1216581-europe-awfully-wonderful-family</link><description><![CDATA[A family with strict parents, black sheep and tough love: that’s today’s Europe, says an editor at Die Zeit, who sends out a call to defend the historically unprecedented culture of solidarity. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/krauze-toy.jpg" length="32020" type="image/jpeg" /><pubDate>Fri, 25 Nov 2011 17:21:48 +0100</pubDate></item>
<item><title>Portugal | General strike against austerity</title><link>http://www.presseurop.eu/en/content/news-brief-cover/1208871-general-strike-against-austerity</link><description><![CDATA[Exactly  one year after its last general strike, Portugal grinds to a halt again  on 24 November. Transport, education, health, public services, justice [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/Publico-24112011-100.jpg" length="40115" type="image/jpeg" /><pubDate>Thu, 24 Nov 2011 14:04:41 +0100</pubDate></item>
<item><title>Portugal | My neighbour, the Prime Minister (Expresso, Lisbon)</title><link>http://www.presseurop.eu/en/content/article/1181181-my-neighbour-prime-minister</link><description><![CDATA[In the suburban street in Lisbon that is home to Prime Minister Pedro Passos Coelho, the crisis has come knocking. Expresso reports on the manner in which austerity measures imposed by their high-profile neighbour have affected the lives of middle-class Portuguese who live in the area. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/portugal-middle-class.JPG" length="173342" type="image/jpeg" /><pubDate>Thu, 17 Nov 2011 17:47:00 +0100</pubDate></item>
<item><title>With TINA at the helm | Editorial</title><link>http://www.presseurop.eu/en/content/editorial/1136881-tina-helm</link><description><![CDATA[Ever since the debt crisis began to threaten the stability of the single currency, the &ldquo;Merkozy&rdquo; duo has taken over the bridge of the good ship Euro. Not by virtue of any agreement among the member states, but due to a simple conclusion: &ldquo;There Is No Alternative&rdquo; &ndash; T.I.N.A., to quote a certain Iron Lady.
Or perhaps there is. There&rsquo;s the European Commission, guardian of the treaties and of the &ldquo;economic government&rdquo; of the EU, as its President, Jose Manuel Barroso, recently repeated. But when it comes to the eurozone, it&rsquo;s the Eurogroup &ndash; the Ministers of Economy, i.e. national governments &ndash; that has taken over. Again, therefore, Paris and Berlin.
The recent appointment of European Council President Herman Van Rompuy as &ldquo;Mr. Euro&rdquo;, with the blessing of Angela Merkel and Nicolas Sarkozy, strengthens the role of member states in the economic governance of &ldquo;Euroland&rdquo;, with Germany and France in the lead.
The catch is that this set-up isn&rsquo;t based on any agreement and that the decisions taken by &ldquo;Merkozy&rdquo; seem increasingly to be evading any debate, even within the eurozone itself. Indeed, no other country is able to influence the discussions or to act as counterweight to a steamroller increasingly unencumbered by courtesies when addressing one&rsquo;s peers, as shown by the angry and hostile tone in which the proposed referendum in Greece was greeted by &ldquo;Merkozy&rdquo;.
Among the other &ldquo;big&rdquo; countries, Italy, the third-largest economy in the eurozone, finds itself in the hot seat because of the precariousness of its government and its public finances. Meanwhile Spain, in the middle of an election campaign, is not out of the rut yet.&nbsp; 
Hammered by the debt crisis, they are, like Portugal and Ireland, well distant from the &ldquo;triple A&rdquo; of the rating agencies that seems to confer supernatural powers on countries that still have it. Which, incidentally, explains why the French president is obsessed with keeping his country in the most prized circle of the moment. In the eurozone, the other members of this triple-A club &ndash; Austria, Finland, Luxembourg and the Netherlands &ndash; either pack a light punch or are aligned with the Franco-German duo.
While Merkel and Sarkozy may be able to avoid the most threatening whirlpools, however, they seem to have no clear idea of where they want to steer the good ship Euro &ndash; and they have no mandate for it either. This lack of clarity and legitimacy weighs heavily over the uncharted course of the crisis and gives the impression that they&rsquo;re navigating by sight. Steering through the storm, we&rsquo;re not willing to hand the helm over unless those who take it can guide the ship and crew safely to harbour.
Translated from the French by Anton Baer
 (Editorial)]]></description><pubDate>Fri, 04 Nov 2011 15:41:28 +0100</pubDate></item>
<item><title>Eurozone crisis | They forget about growth (Les Echos, Paris)</title><link>http://www.presseurop.eu/en/content/article/1113691-they-forget-about-growth</link><description><![CDATA[The agreement reached by the seventeen states of the eurozone is leaving out one crucial issue: growth. Two problems therefore remain unresolved: the lack of a common macroeconomic policy and the divisions between the member countries. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/factory-shoe.jpg" length="47463" type="image/jpeg" /><pubDate>Fri, 28 Oct 2011 18:00:58 +0100</pubDate></item>
<item><title>Immigration | Europeans up sticks (Adevărul, Bucharest)</title><link>http://www.presseurop.eu/en/content/article/1058131-europeans-sticks</link><description><![CDATA[The crisis is forcing more and more Europeans to emigrate. For young people in Mediterranean countries, as well as for those in Eastern Europe, it&#039;s the north of the continent where salvation lies. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/ares-suitcase.jpg" length="27385" type="image/jpeg" /><pubDate>Fri, 14 Oct 2011 18:15:07 +0100</pubDate></item>
<item><title>Portugal | Drastic measures to stave off collapse</title><link>http://www.presseurop.eu/en/content/news-brief-cover/1056611-drastic-measures-stave-collapse</link><description><![CDATA[Portuguese Prime Minister Pedro Passos Coelho has tabled the most austere budget since the return of democracy to the country in 1974. &ldquo;Lower wages and [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/111014publicopt.jpg" length="5685" type="image/jpeg" /><pubDate>Fri, 14 Oct 2011 14:19:43 +0100</pubDate></item>
<item><title>Portugal | Silva takes stand against "Merkozy"</title><link>http://www.presseurop.eu/en/content/news-brief-cover/1053021-silva-takes-stand-against-merkozy</link><description><![CDATA[Following the example of Rome, Lisbon has moved to challenge the &ldquo;Merkozy&rdquo; couple and its vague attempt to control the destiny of the EU: An&iacute;bal [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/Publico-13102011-100.jpg" length="40279" type="image/jpeg" /><pubDate>Thu, 13 Oct 2011 16:44:27 +0100</pubDate></item>
<item><title>Eurozone crisis | Troika believes in Potemkin villages (Irish Independent, Dublin)</title><link>http://www.presseurop.eu/en/content/article/1048321-troika-believes-potemkin-villages</link><description><![CDATA[In Greece, Ireland and Portugal, the EU and the IMF are living in their own fantasy of countries cured by austerity. But behind this facade, we’re beginning to see the reality of Europe’s banks filled with bad investments, writes the economic columnist David McWilliams. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/potemkin-village_0.jpg" length="75367" type="image/jpeg" /><pubDate>Wed, 12 Oct 2011 18:33:34 +0100</pubDate></item>
<item><title>Portugal | Boss of Madeira in narrow victory</title><link>http://www.presseurop.eu/en/content/news-brief-cover/1040011-boss-madeira-narrow-victory</link><description><![CDATA[The master of Madeira obtains &ldquo;his narrowest victory.&rdquo; For the first time, reports Di&aacute;rio de Not&iacute;cias,  Alberto Jo&atilde;o Jardim, who has ruled the island [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/111010diarionoticias.jpg" length="7474" type="image/jpeg" /><pubDate>Mon, 10 Oct 2011 14:11:35 +0100</pubDate></item>
<item><title>Portugal | Deutsche Bank profits from crisis</title><link>http://www.presseurop.eu/en/content/news-brief-cover/968541-deutsche-bank-profits-crisis</link><description><![CDATA[&quot;Deutsche Bank steals deposits of  national banks,&quot; headlines Portuguese online news site i. Fearing that their savings could melt Greece default, with contagion spreading [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/i-20092011-100.jpg" length="32295" type="image/jpeg" /><pubDate>Tue, 20 Sep 2011 15:52:42 +0100</pubDate></item>
<item><title>Eurozone | Club Med | Cartoon (De Volkskrant, Amsterdam)</title><link>http://www.presseurop.eu/en/content/cartoon/945251-club-med</link><description><![CDATA[Club Med (Cartoon)]]></description><enclosure url="http://www.presseurop.eu/files/images/picture/collignon-club-med-490.jpg" length="123137" type="image/jpeg" /><pubDate>Tue, 13 Sep 2011 19:57:44 +0100</pubDate></item>
<item><title>Economy | Mediterranean diet | Cartoon (Het Parool, Amsterdam)</title><link>http://www.presseurop.eu/en/content/cartoon/897751-mediterranean-diet</link><description><![CDATA[Mediterranean diet (Cartoon)]]></description><enclosure url="http://www.presseurop.eu/files/images/picture/bertrams-diet.jpg" length="57969" type="image/jpeg" /><pubDate>Tue, 30 Aug 2011 17:45:47 +0100</pubDate></item>
<item><title>Romania | A Marshall plan for crisis-hit countries</title><link>http://www.presseurop.eu/en/content/news-brief-cover/845841-marshall-plan-crisis-hit-countries</link><description><![CDATA[&quot;New Marshall plan offers fresh chance,&quot; announces an enthusiastic Adevărul, in the wake of a European Commission decision to reduce the level of national government [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/adevarul-09082011-100.JPG" length="39865" type="image/jpeg" /><pubDate>Tue, 09 Aug 2011 15:13:55 +0100</pubDate></item>
<item><title>Debt crisis | Final summer holiday for the euro? (La Repubblica, Rome)</title><link>http://www.presseurop.eu/en/content/article/837851-final-summer-holiday-euro</link><description><![CDATA[The slow response of European bureaucracy and Germany’s stubborn refusal to accept the sole remedy that can save the euro and Europe — collective management of public debt and an end to national sovereignty in budgetary policy — could effectively sink the euro. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/tom-beach.jpg" length="36656" type="image/jpeg" /><pubDate>Fri, 05 Aug 2011 19:11:22 +0100</pubDate></item>
<item><title>Debt crisis | Credit markets defiant (Presseurop, )</title><link>http://www.presseurop.eu/en/content/article/834721-credit-markets-defiant</link><description><![CDATA[While Rome and Madrid are doing their utmost to reassure the markets as to their solvency, the European press remains sceptical about the capacity of Europe’s 27 member states and EU institutions to credibly address the crisis. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/AREND_italy-spain.jpg" length="98148" type="image/jpeg" /><pubDate>Thu, 04 Aug 2011 16:24:12 +0100</pubDate></item>
<item><title>Poland | Mini-Marshall Plan "unfair and divisive"</title><link>http://www.presseurop.eu/en/content/news-brief-cover/825131-mini-marshall-plan-unfair-and-divisive</link><description><![CDATA[&ldquo;EU Marshall Plan encourages bankrupts,&rdquo; complains the front page of DGP, which reports on a European Commission plan to increase EU funding for farming, regional [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/Dziennik-02082011-100.jpg" length="29933" type="image/jpeg" /><pubDate>Tue, 02 Aug 2011 12:55:52 +0100</pubDate></item>
<item><title>European Union | Without the South, the North loses Europe (Le Temps, Geneva)</title><link>http://www.presseurop.eu/en/content/article/799871-without-south-north-loses-europe</link><description><![CDATA[The countries of southern Europe are facing huge problems. But this no reason to neglect them or shove them towards the exit: the fate of the EU is linked to its southern countries, writes a reporter from Le Temps. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/Ostia-Euromed.jpg" length="487901" type="image/jpeg" /><pubDate>Wed, 27 Jul 2011 18:41:17 +0100</pubDate></item>
<item><title>Debt crisis | Dublin and Lisbon to pay out less</title><link>http://www.presseurop.eu/en/content/news-brief-cover/790691-dublin-and-lisbon-pay-out-less</link><description><![CDATA[The new rescue plan for Greece is also good news for Ireland, according to the Irish Independent which headlines with a &ldquo;debt-saving deal of 800 [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/110722irishindependent.jpg" length="8811" type="image/jpeg" /><pubDate>Fri, 22 Jul 2011 14:59:08 +0100</pubDate></item>
<item><title>Italy | Berlusconi's shipwreck (La Repubblica, Rome)</title><link>http://www.presseurop.eu/en/content/article/779011-berlusconi-s-shipwreck</link><description><![CDATA[Italy&#039;s sudden weakening in the markets has meant a blow to the credibility of Silvio Berlusconi, who has always said his country is doing fine. Today, with no sign of the Cavaliere, his government is hurriedly pushing through an austerity plan whose usefulness is far from assured. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/Italy-Titanic-Bertrams.jpg" length="47508" type="image/jpeg" /><pubDate>Fri, 15 Jul 2011 17:39:08 +0100</pubDate></item>
<item><title>Paralysis | Editorial</title><link>http://www.presseurop.eu/en/content/editorial/778231-paralysis</link><description><![CDATA[On Friday, July 15, heads of state and leaders of EU governments were due to hold an urgent meeting to discuss possible responses to the crisis in the eurozone. It was the wish of European Council President Herman Van Rompuy, who has been trying since his appointment to establish himself as the host of this prestigious Areopagus. Alas, Europe&rsquo;s leaders, with Angela Merkel at their head, have turned down the invitation, demonstrating their inability to act against what increasingly looks like a threat to the very existence of the European Union as we know it.
The wider situation has been grasped: Greece is nearing bankruptcy, despite belt-tightening and the money from the EU and the IMF; the Portuguese and Irish sovereign debts have been downgraded to &ldquo;junk&quot; by the rating agencies; and Italy is being forced, practically with a knife to her throat, to adopt a plan to cut 40 billion euros in spending. In response, the 17 states of the eurozone, as well as the European Central Bank and the Commission, are arguing over the strategy to adopt. &ldquo;Owing to a lack of political leadership, squabbles over the conditions for the banking sector&rsquo;s participation in the new aid package to Greece are leading nowhere. However, dear ministers, this is like nursing a cold when it&rsquo;s cancer that&rsquo;s the threat,&quot;&nbsp;lamented Le Monde after the last unsuccessful meeting of finance ministers.
Our leaders are, however working under mitigating circumstances &ndash; but those circumstances give even more reason for concern. The first, as Die Zeit explains, is that they must choose between, on one hand, domestic political pressure not to finance clearly useless bailouts that burden the people without troubling the banks &ndash; and, on the other, a financial sector that imposes its own rhythm, undermines states, and yet retains a strong argument: that its money is indispensable for financing state debts.
The second comes from across the Atlantic. On July 14 Standard &amp; Poor&#039;s threatened to downgrade the credit rating of the United States. In Washington, Obama has so far failed to end the budget standoff with the Republicans. The financial crisis shaking Europe is thus threatening to undermine America, which would just worsen the situation on our continent further. US officials, however, don&rsquo;t seem any more up to the task than the Europeans.
Whether indecisive, incompetent or simply paralysed by this challenge and the feeling of no longer being in control of the destiny of their countries, EU leaders must show determination. But it would take a very clever leader to show us the right way forward.
&nbsp;
 (Editorial)]]></description><pubDate>Fri, 15 Jul 2011 16:39:24 +0100</pubDate></item>
<item><title>Eurozone crisis | Understand the banks and you save the euro (Die Zeit, Hamburg)</title><link>http://www.presseurop.eu/en/content/article/776021-understand-banks-and-you-save-euro</link><description><![CDATA[The fate of the euro is a matter of indifference to the financial markets. Investors are pulling their money out of Rome, Athens, Lisbon and Madrid. And Europe – especially Germany – is doing everything to drive off the financiers it so depends on. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/AREND-germany.jpg" length="119121" type="image/jpeg" /><pubDate>Thu, 14 Jul 2011 17:42:14 +0100</pubDate></item>
<item><title>Eurozone crisis | ECB puts up a fight (Presseurop, )</title><link>http://www.presseurop.eu/en/content/article/765931-ecb-puts-fight</link><description><![CDATA[In deciding to raise its key interest rate and guarantee Portuguese bonds, the European Central Bank has taken a stand against rating agencies. Without actually doing any favours for the countries in crisis, notes the European press. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/ECB_0.jpg" length="77771" type="image/jpeg" /><pubDate>Fri, 08 Jul 2011 16:46:44 +0100</pubDate></item>
<item><title>Debt | Will no-one rid us of the rating agencies? (Público, Lisbon)</title><link>http://www.presseurop.eu/en/content/article/762801-will-no-one-rid-us-rating-agencies</link><description><![CDATA[Quick to denounce the ‘oligopoly’ of the rating agencies, European leaders have so far failed to take concrete steps to counter their baleful influence, writes Portugal’s Público daily. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/Chauzy-moody_0.jpg" length="142188" type="image/jpeg" /><pubDate>Thu, 07 Jul 2011 17:40:48 +0100</pubDate></item>
<item><title>Debt crisis | War declared on rating agencies</title><link>http://www.presseurop.eu/en/content/news-brief/762491-war-declared-rating-agencies</link><description><![CDATA[i &ndash; Portugal 
&ldquo;The government and [Portuguese President Anibal] Cavaco [Silva] are united. Against the rating agencies: a struggle without respite,&rdquo; headlines the Portuguese daily [&hellip;] (News in brief)]]></description><enclosure url="http://www.presseurop.eu/files/images/brief/portugal-crisis.jpg" length="153893" type="image/jpeg" /><pubDate>Thu, 07 Jul 2011 16:13:24 +0100</pubDate></item>
<item><title>Debt crisis | Portugal's junk status gives Ireland jitters</title><link>http://www.presseurop.eu/en/content/news-brief-cover/761851-portugal-s-junk-status-gives-ireland-jitters</link><description><![CDATA[&ldquo;Portugal downgrade raises fresh concerns over Ireland,&rdquo; headlines the Irish Times, after credit rating agency Moody&rsquo;s consigned Portuguese sovereign debt to junk status on 6 [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/Irish-times-07072011-100.jpg" length="39041" type="image/jpeg" /><pubDate>Thu, 07 Jul 2011 13:33:25 +0100</pubDate></item>
<item><title>Debt crisis | Moody's bins Portugal</title><link>http://www.presseurop.eu/en/content/news-brief-cover/759831-moody-s-bins-portugal</link><description><![CDATA[&ldquo;Junk&rdquo;. A single word headlines today&rsquo;s issue of i. Moody&rsquo;s, one of the major rating agencies, downgraded on July 5 Portugal&#039;s credit rating to junk [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/i-06072011-100.jpg" length="38059" type="image/jpeg" /><pubDate>Wed, 06 Jul 2011 14:00:12 +0100</pubDate></item>
<item><title>Austerity | Belt tightening general across Europe</title><link>http://www.presseurop.eu/en/content/news-brief-cover/751751-belt-tightening-general-across-europe</link><description><![CDATA[&ldquo;Wave of social austerity in Europe,&rdquo; headlines the daily P&uacute;blico,  which reports on the &quot;new austerity packages designed to put public  accounts back [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/110701publico.jpg" length="8074" type="image/jpeg" /><pubDate>Fri, 01 Jul 2011 14:40:46 +0100</pubDate></item>
<item><title>European budget | Crisis to change rules for structural funds</title><link>http://www.presseurop.eu/en/content/news-brief/745501-crisis-change-rules-structural-funds</link><description><![CDATA[&quot;Brussels has acknowledged that the rules for structural funds will be modified to provide support for countries like Portugal,&quot; reports the Lisbon daily P&uacute;blico. It [&hellip;] (News in brief)]]></description><pubDate>Tue, 28 Jun 2011 15:18:25 +0100</pubDate></item>
<item><title>Ideas | Towards a sovereign union (Dziennik Gazeta Prawna, Warsaw)</title><link>http://www.presseurop.eu/en/content/article/744021-towards-sovereign-union</link><description><![CDATA[The debt crisis has laid the foundations for an economic governance that will accelerate European integration. In future, says the Polish columnist Andrzej Talaga, member states should hand over more sovereignty to the EU. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/vlahovic-flag.jpg" length="40039" type="image/jpeg" /><pubDate>Mon, 27 Jun 2011 19:37:52 +0100</pubDate></item>
<item><title>Debt crisis | Portuguese promises, Greek guarantees</title><link>http://www.presseurop.eu/en/content/news-brief-cover/737321-portuguese-promises-greek-guarantees</link><description><![CDATA[&ldquo;Passos offers guarantees to European leaders, Greece promised fresh help&rdquo;, runs a headline in today&rsquo;s P&uacute;blico. The Lisbon newspaper says that leaders of the European [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/110624publicopt.jpg" length="7176" type="image/jpeg" /><pubDate>Fri, 24 Jun 2011 14:44:57 +0100</pubDate></item>
<item><title>Debt crisis | Euro - what Brussels will do next (Le Monde, Paris)</title><link>http://www.presseurop.eu/en/content/article/735751-euro-what-brussels-will-do-next</link><description><![CDATA[With the single currency at risk of collapse, the leaders of Europe’s 27 member states are set to meet for a European Council summit to finalise the details of a mechanism that is supposed to prevent a repeat of the Greek crisis. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/Horsch-europe-greece.jpg" length="77391" type="image/jpeg" /><pubDate>Thu, 23 Jun 2011 18:05:30 +0100</pubDate></item>
<item><title>Portugal | Storms ahead for new PM</title><link>http://www.presseurop.eu/en/content/news-brief-cover/730621-storms-ahead-new-pm</link><description><![CDATA[President Cavaco Silva is warning of &quot;catastrophic risk&quot; while the new prime minister Passos Coelho speaks of &quot;new storms&quot;, headlines P&uacute;blico, reporting on the prime [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/publico-22062011-100.jpg" length="36762" type="image/jpeg" /><pubDate>Wed, 22 Jun 2011 14:14:29 +0100</pubDate></item>
<item><title>Debt crisis | Why the ECB won&#039;t allow restructuring (Mediapart , Paris)</title><link>http://www.presseurop.eu/en/content/article/729081-why-ecb-wont-allow-restructuring</link><description><![CDATA[For many economists, debt restructuring is the only possible outcome of the Greek crisis — an option that the European Central Bank has systematically refused to acknowledge. Médiapart argues that it would at least have the advantage of bringing much needed transparency to the banking sector. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/Trichet-BCE.jpg" length="115007" type="image/jpeg" /><pubDate>Tue, 21 Jun 2011 17:52:12 +0100</pubDate></item>
<item><title>Portugal | New coalition implements austerity of old</title><link>http://www.presseurop.eu/en/content/news-brief-cover/718471-new-coalition-implements-austerity-old</link><description><![CDATA[&quot;The PSD and the CDS want to revise the Constitution to carry forward the Troika agenda [International Monetary Fund, European Central Bank and European Commission],&quot; [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/110617publicopt.jpg" length="7522" type="image/jpeg" /><pubDate>Fri, 17 Jun 2011 14:06:40 +0100</pubDate></item>
<item><title>Debt crisis | Credit rating agencies go after euro (Libération, Paris)</title><link>http://www.presseurop.eu/en/content/article/709611-credit-rating-agencies-go-after-euro</link><description><![CDATA[Considering that they failed to see the previous crises coming, Moody&#039;s, Standard &amp; Poor&#039;s and Fitch are suspected of wanting to destabilise the euro zone, and now they are threatening the strongest countries. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/ajubel-graph.jpg" length="38866" type="image/jpeg" /><pubDate>Mon, 13 Jun 2011 17:26:13 +0100</pubDate></item>
<item><title>Strike two | Editorial</title><link>http://www.presseurop.eu/en/content/editorial/698171-strike-two</link><description><![CDATA[Having already struck in Ireland, the debt crisis has now devoured a second government. Like the Irish, who&nbsp;unloaded Brian Cowen in February, the Portuguese opted to banish Jos&eacute; S&oacute;crates and his Socialist Party to the opposition benches on 5 June.
In Portugal and in Ireland, voters have punished administrations in power for failing to come up with an alternative to austerity measures  to reassure the markets (yes, them again) as to the solvency of their banks  and public finances and to reimburse the billions lent by the EU and the  IMF.
Strangely  enough, in Portugal and in Ireland, the new tenants in the control room  have decided to pursue the main objectives of the austerity packages  that cost their predecessors their jobs. As they say, &quot;We have no  choice:&quot; their ability to seek funds on the markets (which are needed to  finance public policy)  &ndash;  as well as the survival of the euro much  cherished by their European partners  &ndash;  are at stake.
Never  before in the history of the sovereign states of Europe have individual  countries had to contend with such reduced scope for man&oelig;uvre in such  key sectors as public finance and taxation: we have now reached a point  where it is difficult to distinguish between the policies of left-wing  and right-wing governments.
Never  before has European integration been such a concrete objective not only  for the public but also for political leaders  &ndash;  although it is  regrettable that the latter appear to be responding to events rather  than taking the initiative. All in all, Europeans are not pleased with  this situation. And they are making it known, both in polling stations  and in the street.
Translated from the French by Mark McGovern
 (Editorial)]]></description><pubDate>Tue, 07 Jun 2011 16:23:03 +0100</pubDate></item>
<item><title>Debt crisis | Portugal swings right... into more austerity (Público, Lisbon)</title><link>http://www.presseurop.eu/en/content/article/695771-portugal-swings-right-more-austerity</link><description><![CDATA[Even it has won the general election of 5 June, Portugal&#039;s conservative opposition will not be able to avoid implementing radical austerity measures concocted by the EU and IMF in order to head off its sovereign debt debt crisis. The same measures which cost outgoing Prime Minister José Sócrates his job. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/Portugal-Pedro-Pasos.jpg" length="114457" type="image/jpeg" /><pubDate>Mon, 06 Jun 2011 17:55:17 +0100</pubDate></item>
<item><title>Portugal | What future after the election?</title><link>http://www.presseurop.eu/en/content/news-brief-cover/691601-what-future-after-election</link><description><![CDATA[Two days before Sunday&rsquo;s general election, &quot;PSD leads by 5.4 % ahead of PS and the right heads towards an absolute majority&quot;, headlines P&uacute;blico, referring [&hellip;] (News in brief : cover)]]></description><enclosure url="http://www.presseurop.eu/files/images/briefcover/20110603-Publico-100.jpg" length="7397" type="image/jpeg" /><pubDate>Fri, 03 Jun 2011 13:15:32 +0100</pubDate></item>
<item><title>Political fiction | Onwards to Europe 2.0 (Die Welt, Berlin)</title><link>http://www.presseurop.eu/en/content/article/684501-onwards-europe-20</link><description><![CDATA[Forget the nation-state: Europe would be much better off if it were fundamentally reorganised – into powerful regions in the north and the Alps and picturesque bankrupts in the south (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/Europe-reloaded.jpg" length="34843" type="image/jpeg" /><pubDate>Mon, 30 May 2011 17:32:13 +0100</pubDate></item>
<item><title>Debt crisis | Portuguese banks threatened by Greece</title><link>http://www.presseurop.eu/en/content/news-brief/679491-portuguese-banks-threatened-greece</link><description><![CDATA[&quot;Portuguese banks are the most exposed to the Greek crisis&quot;, headlines Jornal de Neg&oacute;cios. According to the Bank for International Settlements, the Portuguese financial system [&hellip;] (News in brief)]]></description><pubDate>Fri, 27 May 2011 15:09:15 +0100</pubDate></item>
<item><title>Eurozone crisis | Merkel - populism never takes holidays (Jornal de Negócios, Lisbon)</title><link>http://www.presseurop.eu/en/content/article/663231-merkel-populism-never-takes-holidays</link><description><![CDATA[In arguing that Greeks, Portuguese and Spanish shouldn’t have more holidays, Angela Merkel is not only spreading disinformation based on cultural stereotypes, but undermining the very foundations of the EU, argues a Portuguese columnist. (Article)]]></description><enclosure url="http://www.presseurop.eu/files/images/article/hollydays-merkel_2.jpg" length="90616" type="image/jpeg" /><pubDate>Thu, 19 May 2011 18:33:43 +0100</pubDate></item>
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