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Finance Minister Vítor Gaspar resigned on July 1, claiming the repeated failure to meet economic targets set by the EU-ECB-IMF troika had “undermined my credibility as finance minister.”
Público casts doubt on the choice of Treasury secretary Maria Luís Albuquerque as his successor, saying –
Throughout the last two years, the former minister of finance was the face of the adjustment programme and a key figure of the relationship between the executive and the troika. The loss of that relationship of trust with the troika will be disastrous for the country. Maria Luís Albuquerque may be loved in Brussels, but has no real political weight. If Gaspar could not withstand the internal pressures, neither will his successor. [...] His exit does not represent a change in the policies of austerity that have had disastrous results.
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