While the EU and the IMF have praised Portugal for dealing with its massive debt, many people on the ground say they've had enough.
During the eurozone debt crisis, Portugal was staring down the abyss of financial collapse. Now the small country on the EU periphery is being dubbed as a model for overcoming a crisis. But how is Portugal really faring?
With a euroskeptic government coalition likely to take over the reins in Italy, fears are mounting that the problems in the eurozone's third-largest economy will only get worse. Financial markets are already jittery.
A paper presented at a European Central Bank conference in Sintra, Portugal, has suggested that labor market reforms may have increased inequality in Germany. The study thus challenges a key tenet of monetary policy.
A protest in Athens took a violent turn as labor unions launched a strike over a raft of austerity measures. Workers worry they are being forced to accept salary cuts without receiving more bailout funds in return.
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