Published - 28 May 2012
With an unemployment rate of just over 15 per cent and an economy expected to contract by 2 and a half per cent this year Portugal's economic woes mirror that of much of Europe. It is however pushing ahead with tough austerity measures which have been applauded by European financial leaders. Portuguese President Anibal Cavaco Silva is on a whirlwind visit to Australia to strengthen economic ties with the region. He spoke with SBS Presenter and business reporter Ricardo Goncalves in this exclusive interview.