Angola: Tables turn as Portugal visits cap in hand

The world-turned-upside-down of the European debt crisis reached a new extreme last week when Europe came pleading for lucre where it once only seized it: Africa. The hands-out visit of Prime Minister Pedro Passos Coelho of Portugal to its former colony Angola was a milestone of sorts. 'Angolan capital is very welcome,' Mr. Passos Coelho said in Luanda, the capital city. That may be an understatement: the former colony’s cash could be essential as Portugal is forced to sell off state-owned companies after a bailout this year, reports the New York Times.