Pedro Passos Coelho: ‘We’ve spent four years talking about finances and the economy and now everything is in order we can put the dignity back into politics.’ Photograph: Miguel A Lopes/EPA.

Tomorrow Pedro Passos Coelho will attempt to become the first prime minister of a bailed out euro-zone country to gain re-election. The conservative P(...)

The former Portuguese prime minister Jose Sócrates inside a police car leaving the Central Criminal Court in Lisbon, Portugal, yesterday. Photograph: Andre Kosters/EPA.

A Portuguese judge has charged former prime minister José Sócrates with corruption and tax fraud and ordered that he remain in preventive custody.Sócr(...)

A man counts Indian rupee banknotes near the Bombay Stock Exchange  building in Mumbai. Photograph: Dhiraj Singh/Bloomberg

India, 1991. Thailand and east Asia, 1997. Russia, 1998. Lehman Brothers, 2008. The euro zone from 2009. And now, perhaps, India and the emerging mark(...)