Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Tuesday, 7 June 2011
Inside Story - Turning Around the EU's Poorest Country
Portugal is a country with massive debts, an unemployment rate of 12 per cent and a contracting economy. So for the new government, led by the victorious Social Democrats, the challenges are huge. Having formed a coaliton with the smaller conservative Popular Party, they now have to push through tough austerity measures in order to repay a huge bailout. But can the new government turn around what is considered to be the European Union's poorest country? And will the tough spending cuts and higher taxes lead to unrest on the streets? Inside Story discusses.
