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Commission president Barroso's home country, Portugal, will face challenging times for years to come (Photo: Lisbon Council)

Portugal and Greece: the odd return to markets

In the past few weeks, Portugal and Greece have returned to the markets in moves seen in Brussels as heralding a rebound in Southern Europe. In reality, a fragile recovery has barely begun and will take years.

On Sunday (4 May), Portugal’s Prime Minister Pedro Passos Coelho announced that his government will not seek a precautionary credit from the Troika lenders: the European Commission (EC), the International Monetary Fund (IMF), and the European Central Bank (ECB). Instead, Lisbon se...

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The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

Commission president Barroso's home country, Portugal, will face challenging times for years to come (Photo: Lisbon Council)

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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