The Portuguese left approach to the crisis
in The European left and the financial crisis
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Portugal was seriously affected by the financial, economic and sovereign debt crisis. The crisis pushed the debate on European integration, notably on the European Monetary Union, into the public space. The bailout of the Portuguese state by the European institutions and the IMF in 2011 made austerity measures unavoidable and showed the other face of European integration – keywords in the public discourse switched from ‘modernisation’ and ‘funding’ to ‘austerity’ and ‘poverty’. Political impacts were twofold. Initially the left of centre Socialist Party (PS), which was in government at the time, was blamed for the crisis and lost public support, in favour of a centre right pro-austerity coalition. Yet, four years later, discontent had grown and the electoral results in October 2015 enabled a convergence between centre left and radical left parties for the first time in the recent history of Portuguese democracy.

Editors: Michael Holmes and Knut Roder


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