ニューヨーク・タイムズのインスタグラム(nytimes) - 7月24日 07時11分

When Europe’s debt crisis struck, Portugal had to accept a humiliating international bailout. But its government took a daring stand: In 2015, it cast aside the harshest austerity measures its European creditors had imposed. The country reversed cuts to wages, pensions and social security, and offered incentives to businesses. Creditors railed against the move, but the gloom that had gripped #Portugal through years of belt-tightening began to lift. Business confidence rebounded. And production and exports began to take off. Portugal has defied critics who have insisted on #austerity as the answer to Europe’s economic and financial crisis. Today, the renewal is visible just about everywhere. New hotels, restaurants and shops are everywhere, fueled by a tourism surge that has helped cut unemployment in half. The economic about-face had a remarkable impact on Portugal’s collective psyche. Christian Santos, the director of Mecachrome — a French airplane-parts maker — in Portugal, said he plans to hire 150 more workers and to make millions in additional investments in the next 3 years. “Things are happening in Portugal,” he said. “There’s an enthusiastic mojo here.” @roddrigooocardoso took this photo in Porto, in northwest Portugal. Visit the link in our profile to read more.

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