Portuguese Prime Minister Pedro Passos Coelho has warned that Portugal risks "collapse," a euro exit or a second bailout after a court ruling which deleted €1.3 billion of austerity measures in this year's budget.
Speaking in a TV address on Sunday (7 April), he used the term "national emergency" three times to describe Portugal's economic situation.
He said the country's €78 billi...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.