The World from Berlin 'Portugal Needs the Strength to Reinvent Itself'

Portugal has agreed to accept the austerity measures attached to the 78 billion euro bailout package designed to pull the country back from the brink of bankruptcy. But the conditions are far less draconian than those imposed on Greece and Ireland. The European Union has learned its lesson, say German commentators.
A man in Lisbon next to graffiti reading "capitalism doesn't reform and must be destroyed." An agreement was reached on a €78 billion bailout package for Portugal on Wednesday.

A man in Lisbon next to graffiti reading "capitalism doesn't reform and must be destroyed." An agreement was reached on a €78 billion bailout package for Portugal on Wednesday.

Foto: RAFAEL MARCHANTE/ REUTERS
-- Charles Hawley