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The true cause of Portugal’s recovery? Luck

Some ask whether the Socialist government has found a new way to run the economy, but it can take little credit

By Paul Wallace  

Prime Minister of Portugal António Costa. Photo: Bernd von Jutrczenka/DPA/PA Images

In the book turned film, Night Train to Lisbon, a worthy but worn-out Swiss classics schoolteacher gets a new lease of life in Portugal. Now the progressive-minded in Europe are gaining inspiration from the minority Socialist government that has been in power in Lisbon since late 2015. Peter Mandelson, an architect of New Labour’s “third way” between the extremes of right and left, recently praised Portugal for charting “a fourth way” for European social democrats.

Has the land of explorers really…

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