"Portugal" tag
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Portugal: Water scarcity weighs on drought-stricken economy

In mainland Europe’s westernmost country, water is becoming scarce. But activists point out that Portuguese politicians continue to focus on economic activities that consume particularly large amounts of water. Around 30% of tap water in Portugal seeps...

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Cheap Asian workers flock to Portugal’s farms

Farm laborers from Asia flock to the European country known for its booming agricultural exports. The workers are often brought by gangs of traffickers and are forced to endure inhumane living conditions.  They look like...

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The Countries with the Most Monstrous Business Debts: US in 22nd Place Despite Massive Spike During the Pandemic

The debt of US nonfinancial businesses had already surged in recent years, but when the Pandemic hit, businesses went on a borrowing binge as the Fed has repressed interest rates to record lows even for...

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Why Portugal Matters?

Many observers continue to tout Italian risks as the greatest in the euro area into the year end. The constitutional referendum that would emasculate the Senate, and end the perfect bicameralism that has contributed to...

Portuguese Constitutional Court rejects ‘lay-off’ bill

Portugal’s highest court has rejected  lay-off bill aimed at phasing out surplus public sector workers by reducing pay and then laying them off. This was the court’s second ruling against cuts needed to secure bailout...