Portugal is warned of two ‘terrible years’

Report of a FT interview with Pedro Passos Coelho, the new Prime Minister of Portugal, June 2011. Portugal faces two 'terrible years' of deep recession and record unemployment, he acknowledged in the interview, before the country can return to growth and regain the confidence of international investors.

Público, 22.6.11: Storms ahead for new PM (via PressEurop) http://www.presseurop.eu/en/content/news-brief-cover/730621-storms-ahead-new-pm

Público, 17.6.11: New coalition implements austerity of old (via PressEurop) http://www.presseurop.eu/en/content/news-brief-cover/718471-new-coalition-implements-austerity-old

ESO: Background information: Socialists ousted in Portugal election http://www.europeansources.info/record/socialists-ousted-in-portugal-election-pm-elect-aims-to-implement-portugal-bail-out/

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