Jamie Jordan

There is an air of calm in Portugal. Like Greece and Spain, Portugal was bailed out by international creditors and underwent austerity measures that included tax hikes and salary cuts across the public sector. But the political effect of this has been starkly different.

Austerity works. That’s the message of Pedro Passos Coelho, the Portuguese prime minister, to voters.

There is an air of calm in Portugal. Like Greece and Spain, Portugal was bailed out by international creditors and underwent austerity measures that included tax hikes and salary cuts across the public sector. But the political effect of this has been starkly different.

Austerity works. That’s the message of Pedro Passos Coelho, the Portuguese prime minister, to voters.