Leaning over the golden-plated counter of the 'Fantastic World of Sardines' in Portugal's capital, cashier Andre Moureira waited for just a single customer to break the boredom of the morning.
LISBON - Leaning over the golden-plated counter of the “Fantastic World of Sardines” in Portugal’s capital, cashier Andre Moureira waited for just a single customer to break the boredom of the morning.
Down the road, Rosa Amelia leaned into the window display of her shop Discoteca Amalia selling CDs of the melancholic Portuguese fado music, picking up each and carefully dusting them down. “I’ve had four customers since I opened on May 4,” she said. “It’s horrible.” Rent, mortgages and bank loan repayments were suspended on a temporary basis, but debts will need to be repaid.
But the days are slow, to say the least, and with rising debts, no liquidity and barely any revenue on the horizon, the atmosphere has turned gloomy just when it had been picking up from years of austerity. Finance Minister Mario Centeno had just achieved his long-time goal: converting a deficit measuring 4.5% of GDP when the Socialists took office in 2015 to a surplus of 0.2% at the end of 2019.
France Dernières Nouvelles, France Actualités
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