Similar to the last few months, the European context is characterized by governments doing window dressing, while the situation for more and more people gets worse. After Ireland, Portugal is likeliest to be the second country to leave the umbrella of the Troika, in May. However, this is unlikely to better the living conditions for the people there, because austerity will continue for years and whether the level of debt can really get reduced without considerable debt relief is more than questionable.
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