Portugal's Sovereign Wealth Fund and Economic Nationalism (eco.sapo.pt)

• Montenegro proposes sovereign fund at PSD Congress, criticized as distraction.
• Fund targets strategic sectors but objectives conflict.
• Author warns of economic nationalism and geopolitical risks.

"Portuguese Prime Minister Luís Montenegro proposed a sovereign wealth fund at the PSD Congress. Critics see it less as industrial policy and more as economic nationalism. The fund aims to invest in strategic sectors like energy, banking, and communications, but the objectives of saving for future generations and state intervention conflict. The proposal is viewed as a distraction from the failed labor reform."