A usual behavior when high currency devaluation is feared

It happened exactly the same in Argentina, during the 2000's crisis. People would opt to spend their money on luxury or durable goods, in order to secure the value of their current savings, instead of keeping it and face a possible massive devaluation. Businesses typically also do the same in these circumstances, opting to stock goods instead of keeping liquidity, for the same reason - securing the value of the money they have.

http://www.publico.pt/mundo/noticia/mas-vale-um-anel-no-bolso-do-que-muitas-notas-a-voar-1702262

Brewing the perfect storm

Massively injecting money in the economy and cutting interest rates to prevent an already over-heated market to auto-correct is like brewing the perfect storm for an economy. Now, you do that on the third biggest economy in the world (I am considering the Eurozone as the first one, though most of the people would dispute me) and you are creating a really big global bomb. Let's see if China can come out of this one.

A spot on analysis on the Portuguese situation and what structural reforms still need to be done

From Augusto Mateus, former Economy Minister.

http://observador.pt/especiais/augusto-mateus-o-euro-criou-a-ilusao-de-que-um-pais-pequenito-podia-passar-despercebido/