The director of the European Policy Centre said today that Portugal’s bailout programme was absolutely necessary, but that the country had suffered from the inexperience of the European institutions that funded the rescue package - the Troika.
Fabian Zuleeg sees the Portuguese case as a successful one as it approaches the end of the Troika involvement and its return to the international funding markets, but that the price paid in social terms has been very heavy and the damage will remain.