'Debt at 123% is not viable. Let's not be foolish'

Former minister and MEP, Carlos Pimenta, talks to Europe correspondent Ann Cahill about the impact of austerity on businesses in Portugal.

'Debt at 123% is not viable. Let's not be foolish'

FORMER Portuguese government minister and MEP, Carlos Pimenta, knows the euro story both from the Lisbon and Brussels perspective — and now as a businessman, he knows the austerity reality too.

As one of the 500 MEPs who voted for the creation of the euro in the European Parliament, he believed there would be a political union also.

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