Long Reads spoke to Yanis Varoufakis earlier in the year to mark the tenth anniversary of the Greek referendum on the austerity programs of the European Union. This week, we’re going to be looking at another country that bore the brunt of Euro-austerity after the 2008 crash.

Ten years ago, the Portuguese Socialist leader Antonio Costa formed a government with the support of two radical-left parties, the Left Bloc and the Communist Party. Costa’s government appeared to be a success story for the European center left at a time when most of its parties were losing ground. Portugal also stood out as one of the few West European countries where the far right was still a marginal force.

Costa’s party increased their vote share in 2019 and he remained in office. In the election of 2022, the Portuguese Socialists even won an absolute majority. But Costa resigned as prime minister two years later and his party lost power after the fourth general election in less than a decade.

Another general election this year was a disaster for the Socialist Party and the radical left. With just over 20 percent of the vote, the Socialists were now on a level footing with the far-right party Chega. The combined vote share for the Left Bloc and the Communist Party was less than a third of the figure from 2015.

Our guest today for a conversation about the last decade of Portuguese politics is Catarina Príncipe. Catarina is a contributing editor for Jacobin and she co-edited the book Europe in Revolt. She’s also an activist in the Left Bloc.

This week’s episode is the first of a two-part interview. Today we’re going to cover the period from 2015 until the general election in 2022.

Read Catarina’s article “How Portugal’s Right Won the Election” here: https://jacobin.com/2024/03/portugal-right-wing-chega-election

Long Reads is a Jacobin podcast looking in-depth at political topics and thinkers, both contemporary and historical, with the magazine’s longform writers. Hosted by features editor Daniel Finn. Produced by Conor Gillies with music by Knxwledge.