Portugal has made significant strides in recent years, transitioning from being labeled as one of the "PIGS" (Portugal, Ireland, Greece, and Spain) during the Eurozone crisis to becoming an influential player in European politics. The country has seen substantial improvements in its economic indicators, including a decrease in unemployment rates to pre-crisis levels (8.2% in November 2017, not seen since December 2004), and a steady growth in GDP (2.64% in 2017 with a projected 2.28% for 2019).
The country's tourism sector has also experienced robust growth, solidifying Portugal's position as an attractive destination without overlooking the challenges associated with mass tourism. Portugal's political landscape has been marked by strong support from other left-wing parties, even after winning local elections and maintaining parliamentary support from allies like the Communist Party.
In addition to these political and economic advancements, Portugal has also gained international recognition through key appointments such as António Guterres as Secretary-General of the United Nations and Mario Centeno as President of the Eurogroup, demonstrating the country's growing influence in global affairs.
Furthermore, Portugal has played a significant role in fostering cooperation among southern European nations, including Spain, France, Italy, Greece, Cyprus, and Malta. These countries have formed alliances at various governmental levels to address common challenges and interests, which has led to institutional strengthening and increased political unity.
These developments suggest that Portugal is on track to play a more prominent role in European Union affairs, particularly in influencing decisions related to economic management, regional integration, and the future direction of the EU. However, the extent of Portugal's influence will depend on the internal dynamics of the southern European states and their collective response to ongoing geopolitical challenges.
