the ‘soft coup’ currently taking place in portugal 

A really interesting article about the current political turmoil taking place in Portugal and its implications for democracy within Europe:

If this “soft coup” stands, taxes, interest rates, public ownership, investments, and economic strategies to control inflation and unemployment—long the battleground for conflicting ideologies—will no longer be issues to be decided democratically. Unelected bodies, like the Troika, will make those decisions, in spite of the fact that many of the Troika’s policies—like austerity—are highly controversial and have an almost unbroken track record of failure.

Democracy is what is at stake in Portugal, and it is a crisis that cuts to the heart of the European Union experiment. Do people still have the right to make decisions about policies that have a profound impact on their lives? Or do they only get to quarrel about the color of park benches?

https://zcomm.org/znetarticle/portugals-democracy-crisis/

The rhetoric seen here is particularly telling, with a responsibility to the markets and a commitment to the European project invoked in order to justify a refusal to accept democratic defeat:

He said: “In 40 years of democracy, no government in Portugal has ever depended on the support of anti-European forces, that is to say forces that campaigned to abrogate the Lisbon Treaty, the Fiscal Compact, the Growth and Stability Pact, as well as to dismantle monetary union and take Portugal out of the euro, in addition to wanting the dissolution of NATO.

“This is the worst moment to radically change the foundations of our democratic regime … Outside the European Union and the euro the future of Portugal would be catastrophic.

“After we carried out an onerous programme of financial assistance, entailing heavy sacrifices, it is my duty, within my constitutional powers, to do everything possible to prevent false signals being sent to financial institutions, investors and markets.”

https://www.greenleft.org.au/node/60522

At what point might a soft coup turn into a hard one?

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