International

The world needs a new Carnation Revolution, defends one of its architects

The world needs a new Carnation Revolution in response to the inequalities that exist in society, said Portuguese Colonel Vasco Lourenço, one of the soldiers who led the uprising that meant the arrival of democracy in Portugal, which next Thursday will be 50 years old.

Lourenço was one of the main responsible for the military conspiracy behind the Carnation Revolution on April 25, 1974 and, although he is proud to have helped make Portuguese society fairer, he considered, in an interview with EFE, that part of that conquest has been lost.

“We had the ambition of a fairer society. And after April 25, in the following years, that was a fact. Portuguese society was much fairer, much less unequal. Unfortunately, in recent years, inequalities have been growing,” said the soldier.

The problem is global and can trigger a new revolt: “There will have to be a new Carnation Revolution. It is not possible for society in the world to be so unequal.”

Lourenço was the operational responsible for the uprising that brought down the dictatorship of António de Oliveira Salazar and returned power to the citizenry, although he had to live that day from the Azores archipelago because the regime moved him there the previous month.

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Half a century later, at the age of 83, he presides over the 25 de Abril Association, the entity that brings together the military who participated in a revolution that influenced the creation of many democratic states in the world, including neighboring Spain, which began its transition after the death of dictator Francisco Franco in 1975.

“The peaceful transition in Spain was only possible in the way it was done because there was April 25 in Portugal,” said the retired colonel.

But democratization did not stay in Spain and reached other corners of the globe, such as Greece – after Portugal demonstrated that “the military did not have to do only ‘pinochetadas” -, Brazil and other Latin American countries, Lourenço listed.

And it went further: the independence of the Portuguese colonies in Africa “made the fight against apartheid much easier” in South Africa.

In Portugal and Spain, despite being so close, the paths to reach democracy were very different and this former official considers that in the neighboring country there are still “wounds to heal” from the past.

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“In Spain, the civil war caused very conflicting situations. And then the cure of that war was not made (…) Here in Portugal, despite the fact that there was no violence, there was a military rupture that allowed to cure what had happened,” reasoned the colonel, who recalled that the Franco dictatorship was “much more violent.”

With the Carnation Revolution, “the wounds of the time of fascism were healed.” Half a century later, the country has joined the European boom of the far right.

The radical Chega party has 50 of the 230 deputies of the Parliament, the largest number of seats in the hands of the extreme right since the end of the Portuguese dictatorship.

“Chega has risen precisely because the democratic forces have shot themselves in the foot,” defended Lourenço, who regretted that “a large part of the politicians,” when they govern, prefers to serve their own interests than those of the people.

These behaviors “create fields for opportunists, so that populists make promises that they will not keep” and give wings to the far right, he said.

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Even so, Lourenço is “optimistic” and trusts that the “spirit of April” is still alive in Portugal.

That spirit was the one that led in 1974 a group of soldiers to overthrow a dictatorial regime implanted 48 years ago and later return power to the citizenry.

The coup was fast and effective and in less than 24 hours the dictatorship had fallen: “It was the best organized and best executed operation that the Armed Forces have done throughout their history in Portugal,” the colonel reflected.

Asked whether the Portugal he imagined 50 years ago resembled today’s, Lourenço replied cautiously: “Yes and no.”
Conquests that they dreamed of such as integration into the international community, peace or democracy, despite their flaws – “I prefer a bad and imperfect democracy to a ‘good’ dictatorship” – have been maintained to this day.

Social justice continues to be the ‘thorn’: “Poverty has increased. In that sense, I would like it to be better, but we are incredibly better,” he said.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.