Tag Archives: resistance

Depoliticising austerity – how Portugal challenged the discourse of ‘there is no alternative’

Adam Standring.jpgAdam Standring (Faculty of Social and Human Sciences in the New University of Lisbon, Portugal, FCSH-UNL) 

It’s March 2011 and Portugal makes one of its infrequent visits to the pages of the international media.  Rising borrowing rates and pressure from the international financial markets, combined with an increasingly unpopular ruling party, make it increasingly likely that Portugal will become the next of the ‘profligate PIIGS’ to succumb to the contagion of the Eurozone Sovereign debt crisis.  Within four months the Troika will be called in and the country will embark on a harsh ‘Economic Adjustment Programme’ – economics-speak for the raft of austerity measures and structural reforms on which bailout packages are conditioned. Continue reading Depoliticising austerity – how Portugal challenged the discourse of ‘there is no alternative’