The application of rescue plans is a political issue as much as it is an economic one.
Portugal has just elected a new Parliament. A majority Government has been formed with an alliance of two parties, providing a stable support for 4 years. More importantly, the three main parties all have declared, during the recent electoral campaign, the support to the Memorandum of Understanding with EC/ECB/IMF. The other parties have clearly advocated a different course of action, and have overall lost votes. It is fair to say that most of the population supports the MoU. The impact of it may be feared by many, but this was the road chosen by the majority of the population.
As the new Government is from the right-wing of the political spectrum, it is expectable that left-wing unions and parties will try to create civil unrest, which most likely will produce news outside Portugal. Still, and at the risk of repeating it, this will come from a minority.
Hopefully, outsiders will see through what may be news in the international media.
In this respect, Portugal and Greece populations are, apparently, behaving very differently (at least for the time being).
Greece is under some civil unrest, according to the news in the international media, which may actually provide a wrong picture, it would be nice to have a reference blog on the greek economy that gives a clear view on this, any suggestion from our readers and friends from Greece?
Anyway, the MoU demands that politics meets economics, and both must meet the international media, I hope that an accurate picture of the country can be given.