Mário Draghi of the European Central Bank dropped into Lisbon today as the guest of Portugal’s President, Marcelo Rebelo de Sousa.
Draghi had been invited to speak at the Council of State which he did at length, saying he welcomed the reforms that have been made in Portugal, praised Passos Coelho for at least trying, singled out moves on 'flexibility of labour,' and alluded to the long term problem that could be caused by the exeat taken by hundreds of thousands of young Portuguese who had left the country to find work elsewhere.