PORTUGAL/BRAZIL

Sócrates looks to Lula for salvation

Published on 19 May 2010 at 11:06

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Brazilian president Lula da Silva visits Lisbon today to sign a spate of cooperation agreements in the fields of scientific research, defence, technology and renewable energies. Diário de Notícias observes that PM José Sócrates will be seeking to hitch a ride for his crisis stricken country on the back of Brazil’s enduring economic boom. As one of one world’s leading new economies - alongside India, China and Russia, Brazil “could Portugal out of its financial hole it has dug itself,” reports the Lisbon daily. According to Diário, the Portuguese prime-minister will call on Lula to facilitate more Brazilian investments in Portugal, while Lula is also expected to encourage Portuguese businesses to take advantage of forthcoming opportunities on the other side of the Atlantic, notably Brazil’s hosting of the World Cup in 2014 and the Olympic Games 2016.

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