Crisis looms on 36th revolution anniversary

Portugal remembers its transition to democracy against a backdrop of economic uncertainty. In his speech to mark the 36th anniversary of the Carnation Revolution, Portuguese President Aníbal Cavaco Silva acknowledged “the seriousness of the economic crisis,” but "refrained from apportioning blame or suggesting solutions," reports Público. Now that Portugal appears to be increasingly under threat from turmoil affecting the euro zone, Cavaco Silva asserted that the country should focus on maritime transport, ship building and emerging marine industries in energy generation and biotechnology. He also called "on public authorities to provide the significant investment" required to make Porto a leading centre "for talent, excellence and innovation" in the creative industries.