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Appropriation, error and lack of couragePhoto by Perfecto_Capucine on Pexels
Politics

Appropriation, error and lack of courage

SOL12 September 2026 at 16:14

Portugal saw the financial rating agency Fitch upgrade the country's rating to A+. This positive classification is attributed in the article to the courage of three Finance ministers who practiced budgetary restriction: Mário Centeno, João Leão and Medina. During their mandates, these rulers were strongly criticized for the imposed austerity, being nicknamed "budget cutters". The article suggests that no one currently recognizes the courage they had at the time in implementing restrictive measures of public expenditure. The rating upgrade represents a retrospective validation of the austerity policies that were implemented.

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