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22. Moving On: Iberia's New Muslims
- Author:
- Marvin Howe
- Publication Date:
- 03-2013
- Content Type:
- Journal Article
- Journal:
- World Policy Journal
- Institution:
- World Policy Institute
- Abstract:
- LISBON—Mamadu Indjai has given up on Europe and is heading home to the former Portuguese colony of Guinea-Bissau. The 55-year-old West African has spent the past 19 years in Portugal. Yet all he has to show for his labors are the house he was building for his family back in his ancestral village of Caio. "I haven't got the strength to struggle anymore," Indjai sighs.
- Political Geography:
- Africa, Europe, and Portugal
23. The Euro Crisis: Mission Accomplished?
- Author:
- Zsolt Darvas
- Publication Date:
- 03-2013
- Content Type:
- Journal Article
- Journal:
- World Policy Journal
- Institution:
- World Policy Institute
- Abstract:
- BRUSSELS—High unemployment, bleak economic outlook, high public and private debts, dysfunctional banks, weak competitiveness, and an unfavorable external environment are just a few of the challenges facing southern members of the euro zone. Despite these hurdles, the ever-optimistic European Council and other leaders said in January that the euro crisis had bottomed out. Herman Van Rompuy, the president of the European Council, proclaimed, "The worst is behind us, in particular the existential threat to the euro." Then there was Mario Draghi, president of the European Central Bank (ECB), who declared that "the darkest clouds over the euro area [have] subsided."
- Political Geography:
- Europe, Portugal, and Ireland
24. Portugal and the Straitjacket of the European Financial Crisis
- Author:
- Paulo Gorja
- Publication Date:
- 12-2012
- Content Type:
- Journal Article
- Journal:
- The International Spectator
- Institution:
- Istituto Affari Internazionali
- Abstract:
- The austerity program negotiated with the Troika (IMF-ECB-EC) and adopted by Portugal in 2011 is having a devastating impact on the Portuguese economy. Although the Portuguese government is clearly fulfilling the measures agreed with the Troika, the final outcome of the adjustment program is not entirely in its hands, but rather awaiting further EU decisions involving measures to stimulate economic growth, mutualisation of public debt and additional steps towards a federal Europe. As time goes by, the negative repercussions – in particular social and political instability, as well as the erosion of the Portuguese democratic regime – are inevitable if there is no light at the end of the tunnel.
- Political Geography:
- Europe and Portugal
25. Mispricing of Sovereign Risk and Multiple Equilibria in the Eurozone
- Author:
- Paul De Grauwe and Yuemei Ji
- Publication Date:
- 01-2012
- Content Type:
- Working Paper
- Institution:
- Centre for European Policy Studies
- Abstract:
- This paper finds evidence that a significant part of the surge in the spreads of the PIGS countries (Portugal, Ireland, Greece and Spain) in the eurozone during 2010-11 was disconnected from underlying increases in the debt-to-GDP ratios, and was the result of negative market sentiments that became very strong since the end of 2010.
- Topic:
- Economics, Monetary Policy, and Financial Crisis
- Political Geography:
- Europe, Greece, Spain, Portugal, and Ireland
26. Liquidity in times of crisis: Even the ESM needs it
- Author:
- Daniel Gros and Thomas Mayer
- Publication Date:
- 03-2012
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies
- Abstract:
- This paper argues that the new permanent European rescue fund, the European Stability Mechanism (ESM), should be provided with a liquidity backstop by having it registered as a bank – and be treated as such by the European Central Bank. If the crisis were to become acute again, the ESM would stand ready to intervene in secondary markets, potentially with almost unlimited amounts of funding. Access to central bank financing will be crucial in a future crisis, because in such a crisis risk aversion is likely to be extreme, and even the ESM might not be able to raise at very short notice the huge sums that might be required to prevent a breakdown of the financial system. Hundreds of billions of euro might be needed just to top up the programmes for Greece, Ireland and Portugal – and Spain and Italy may require more than a thousand billion euro. Sums of this order of magnitude cannot be raised quickly by a new institution. Simply increasing the headline size of the ESM might thus be of little use.
- Topic:
- Debt, Economics, Monetary Policy, and Financial Crisis
- Political Geography:
- Greece, Spain, Italy, Portugal, and Ireland
27. Civil Society After Dictatorship: a Comparison of Portugal and Spain, 1970s–1990s
- Author:
- Tiago Fernandes
- Publication Date:
- 03-2012
- Content Type:
- Working Paper
- Institution:
- Kellogg Institute for International Studies
- Abstract:
- This paper explains variations in patterns of civil society among third-wave democracies by comparing the cases of Portugal and Spain. In the former a civil society developed that had a tendency to be more oriented toward national issues and politics, whereas in the latter civil society tended to be more local, social, and disconnected from politics. Portugal, although having both a less developed economy and historically a weaker democratic tradition than Spain's, was a democracy that between the early 1970s and the mid-1990s offered more opportunities for the organized civic expression of popular interests.
- Topic:
- Civil Society, Democratization, Government, Human Rights, and Markets
- Political Geography:
- Europe, Spain, and Portugal
28. UN Security Council, Report of the Committee on the Admission of New Members Concerning Palestine's Application for Membership to the UN , New York, 11 November 2011.
- Publication Date:
- 01-2012
- Content Type:
- Journal Article
- Journal:
- Journal of Palestine Studies
- Institution:
- Institute for Palestine Studies
- Abstract:
- The UN Committee on the Admission of New Members, comprising representatives of the fifteen serving members of the UN Security Council (UNSC), considered the Palestinian application at a number of meetings between 28 September and 8 November, the date it completed its final report. In addition to the five permanent members (the U.S., France, Great Britain, Russia, and China), the rotating members during this period were Bosnia, Brazil, Colombia, Gabon, Germany, India, Lebanon, Nigeria, Portugal, and South Africa. The report was formally accepted by the UNSC on 11 November.
- Political Geography:
- Britain, Africa, China, New York, Bosnia, Middle East, India, France, Brazil, Colombia, Palestine, Germany, United Nations, Nigeria, and Portugal
29. In Search of Symmetry in the Eurozone
- Author:
- Paul De Grauwe
- Publication Date:
- 05-2012
- Content Type:
- Policy Brief
- Institution:
- Centre for European Policy Studies
- Abstract:
- One of the major problems of the eurozone is the divergence of the competitive positions that have built up since the early 2000s. This divergence has led to major imbalances in the eurozone where the countries that have seen their competitive positions deteriorate (mainly the so - called ' PIIGS ' – Portugal, Ireland, Italy, Greece and Spain ) have accumulated large current account deficits and thus external indebtedness, matched by current account surpluses of the countries that have improved their competitive positions (mainly Germany).
- Topic:
- Economics, Markets, Regional Cooperation, Global Recession, and Financial Crisis
- Political Geography:
- Europe, Greece, Germany, Spain, Italy, Portugal, and Ireland
30. Beyond Turf Wars in Coup-Hit Guinea-Bissau
- Publication Date:
- 08-2012
- Content Type:
- Working Paper
- Institution:
- International Crisis Group
- Abstract:
- Guinea-Bissau took another dangerous turn on 12 April 2012, when the army arrested Prime Minister Carlos Gomes Júnior, who was about to be elected president. A military junta accused him of conspiring with Angola to curtail the military's power and quickly installed transitional authorities, before officially stepping aside on 22 May. International condemnation was swift, but differences developed between the Economic Community of West African States (ECOWAS) and the Community of Portuguese Speaking Countries (CPLP). The former, pushed by Nigeria, Senegal, Côte d'Ivoire and Burkina Faso, supports a year's transition, the latter, especially Portugal and Angola, immediate resumption of the presidential vote. Coup and transition may have opened a way for vital reforms, which must go beyond changes in the army and combating the drugs trade. But for that to happen, ECOWAS and CPLP must reach a consensus on working with international partners to mobilise resources for security, judicial and electoral reforms and refusing to validate Gomes Júnior's illegal exclusion from political life.
- Topic:
- Conflict Resolution, Security, Post Colonialism, Power Politics, and Regime Change
- Political Geography:
- Africa, Senegal, Nigeria, Portugal, and Angola