IS THE UNITY OF THE LEFT THE ALTERNATIVE TO AUSTERITY IN EUROPE?

In 2011, in return for remaining in the European monetary union and avoiding bankruptcy, Portugal became the third Euro-zone zone country to receive emergency funds. Financial assistance Following an inevitable €78 billion bailout, Portugal’s center-right coalition, headed by Prime Minister Pedro Passos Coelho, applied a series of severe and unpopular reforms. Throughout its term, the…