Categories: News

The Irony: Portugal ‘Humiliated’ About Depending on Wealthier Angola for Support

Angola was once colonized and occupied by Portugal for a period of 400 years, only gaining its independence in 1975. A brutal civil war ensued, which just ended in 2002. In its wake, the oil- and- mineral-rich African nation has seen its economic fortunes expand while its former colonizer struggles with crippling poverty and other related after-effects. The Guardian recently published a brief investigative report on the economic role reversal between the two nations.

SEE ALSO: ‘Mandela’ Biopic Screenwriter: Film Failed Because ’12 Years a Slave Sucked Up White Guilt

Portugal and Angola forged what the paper alleges what may have become a reluctant partnership in 2011, when Portuguese premier Pedro Passos Coelho (pictured left) and current President of Angola José Eduardo dos Santos (pictured) established a financial deal. Angola’s fortunes were certainly in better shape than Portugal, even though the nation has been dogged with allegations of corruption and government mismanagement.

The Guardian reports:

There was no doubt about the firm handshake, but the smile looked a bit forced. The date was 17 November 2011, the place Luanda. Pedro Passos Coelho, the Portuguese premier, had just completed talks with the president of Angola, José Eduardo dos Santos, sealing an agreement that was both a boon for Portugal and deeply humiliating.

Prior to the agreement between Coelho and President Dos Santos, Portugal received a $100 billion bailout from the European Union (EU) and the International Monetary Fund (IMF). The terms of the bailout meant that the country needed to resort to “radical austerity measures,” which siphoned money from the general population and exhausted welfare.

During this period, Angola’s rise as an economic power was underway.

The Guardian reports:

Dos Santos has been in power since 1979 and the country now enjoys growth rates of between 5% and 15%. Portugal, heavily in debt and struggling to climb out of recession, finally exited its bailout last month.”Maybe Angola will colonise us now,” says Vasco Lourenço, the head of Associação 25 de Abril, an organisation that is trying to preserve the spirit of the 1974 revolution.

And just last month, Portugal paid the EU and IMF bailout funds despite staggering unemployment and other issues.

The Guardian writes:

The conflict has moved to another front, all about the economy, and Angola seems to have gained the upper hand. “Angola is looking for recognition and makes it very clear where the money is, sometimes to the point of humiliation,” says French historian Yves Léonard. In February, when the cash-strapped government in Lisbon raised the possibility of selling 85 Miró paintings, an Angolan millionaire, Rui Costa Reis, offered to buy them. Well-off Angolan families are now the only people who can afford to shop on the capital’s upmarket Avenida da Liberdade. They are investing in luxury apartments at Cascais, a fashionable seaside resort, and buying up companies hastily privatised by the authorities. They – and the Chinese – are the prime beneficiaries of the “golden visas” that the government has promised to anyone investing €500,000 ($650,000) in the country.

Read the rest from the Guardian Weekly here.

D.L. Chandler

D.L. Chandler is a veteran of the Washington D.C. Metro writing scene, working as a journalist, reporter and culture critic. Getting his start in the late 1990s in print, D.L. joined the growing field of online reporting in 1998. His first big break came with the now-defunct Politically Black in 1999, the nation's first Black political news portal. D.L. has worked in the past for OkayPlayer, MTV News, Metro Connection and several other publications and magazines. D.L., a native Washingtonian, resides in the Greater Washington area.

View Comments

  • This shows a clear indication that Portugal had gained its wealth from the exploitation and inhumanity of Africans, and without it, they are nothing. This should clue everyone about the global of agenda of white supremacy period, exploitation and the practice of inhumanity of autochthonous peoples in the global community. Jin us in the movement at http://www.thepetitionsite.com/635/615/457 to petition President Obama and Congress to remove the exception from the 13th Amendment. It's about human rights, human dignity, social equality, and equal opportunity. Sign up and get involved!

Recent Posts

5 years after becoming the first Black mayor of Montgomery, Alabama, Steven L. Reed is now president of AAMA

Steven L. Reed is the first black mayor of Montgomery, Alabama. The state of Alabama…

20 mins ago

Maryland: Former NFL player Tobias Dorzon makes history as Chef of The Year

Chef Tobias Dorzon, an ex-NFL player turned chef and restaurateur, has been selected Chef of…

57 mins ago

Expectant mother gives birth in speeding Maserati and defends dissertation in maternity ward same day

Tamiah Brevard-Rodriguez welcomed her son in the passenger seat of her wife’s Maserati, then seamlessly…

4 hours ago

Aspiring doctor who nearly drowned says he holds no ill will toward female friend who pushed him

An aspiring doctor, who nearly drowned after being pushed into a Louisiana lake, has indicated…

4 hours ago

Meet the daughter of Nigerian immigrants who is the first Black woman to earn U-M Robotics PhD

Oluwami (Wami) Dosunmu-Ogunbi is the first Black woman to get a PhD in robotics at…

6 hours ago

Richard Slayman, first person who benefited from genetically modified pig kidney, passes away

A Boston man who was a beneficiary of a genetically modified kidney transplant from a…

7 hours ago

Suspect in horrific Bronx rape case turned in by his mom

Beverly Parks, the mother of the man suspected of lassoing a woman around the neck…

8 hours ago

South Africa: Man rescued from collapsed building after 5 days

Rescue workers in South Africa successfully pulled a man from a collapsed building after being…

10 hours ago

Michael Jordan opens clinic in his hometown for patients with no health insurance

Basketball legend and billionaire business mogul Michael Jordan recently opened a third medical clinic in…

10 hours ago

Investigations launched after another trespasser attempted to gain access to Drake’s mansion

Authorities in Canada said they have launched an investigation after another trespasser attempted to gain…

10 hours ago

‘It was God’ – Shock as 4-year-old boy survived after his heart stopped beating for 19 hours

Four-year-old Cartier McDaniel from Denver miraculously survived after his heart stopped beating for 19 hours.…

3 days ago

Student to do community service after racially abusing England striker Callum Wilson for passing ball to white teammate

A 21-year-old engineering student, Ibukun Quadri, avoided jail time after racially abusing England striker Callum…

3 days ago

Mom and two daughters make memories working side by side as flight attendants

For the past seven years, Denise Campbell and her two daughters, Chantel and Charnel Johnson,…

3 days ago

The actual reason for Meghan Markle and Prince Harry’s trip to Nigeria revealed

The Duke and Duchess of Sussex have touched down in Lagos, marking their arrival in…

3 days ago

Watch: Popular Atlanta hairstylist gifts free service to client for Mother’s Day

Natiajah, a hairstylist, went viral after giving a free installation to a mother of four…

3 days ago