Portuguese challenges

The key Portuguese parties have been requested by the President to look for a broad political accord in order to guarantee enough stability during the last year of implementation of the current agreement with the international creditors.

This call is a surprise move by President Cavaco Silva. It reflects in many ways the huge economic and social challenges the country has to confront in the near future. It also reflects a very serious polarisation of the domestic political situation, not just between the government and the opposition, but also within the coalition parties themselves.  

It is a critical moment for the Portuguese. But in general, people have shown a tremendous amount of wisdom and have tried to navigate these difficult times. It is however very easy to give up hope and fall into sectarian partisan approaches. The President’s initiative should allow the political leaders to show that they place the national interest above personality clashes and power games. It is however a very complex call, very difficult to be successful. It can only be achieved if leading party people have the stature of statesmen. That’s, at the end of the day, what is on the table today in Portugal: an invitation to grow beyond one’s own limitations and to show commitment to a larger goal. 

The Portuguese kindergarten

The IMF has just published a review of Portugal’s public expenditures. The report came as a bomb at a time when the public debate about 2013 State budget had already generated an avalanche of political fights and great instability, including within the governing parties. Now, with the IMF’s recommendations on the table, the country looks like a big fire being dealt with gasoline. There is widespread cacophony, exaltation and very little self-examination and reflection. It is like a kindergarten without any adult in charge.