When Portugal was first forced to sign away its economic sovereignty in 2011 in a desperate bid to avert pending bankruptcy, austerity measures imposed by the trio of international lenders was to last no longer than three years – the time-span Portugal requested to stand on its own two feet. But following a series of setbacks and failed targets since then, the
Finance Minister this week unveiled additional measures to squeeze spending by more than six billion euros over a period which will last many years after the Troika have agreed to leave cash-strapped Portugal to fend for itself once more.