Will Portugal become Brazil's colony?

From today's Globe and Mail of Toronto:

'“Yes, Brazil could help Portugal, just as Portugal helped Brazil economically,” Brazilian President Dilma Rousseff declared during an official visit to the European country.

'And her popular predecessor, Luiz Inacio Lula da Silva, who is also in Portugal (as is Prince Charles, who apparently made no mention of the debt crisis), flatly told officials to forget about relying on the European Union or the International Monetary Fund – which the government repeatedly says it has no intention of doing anyway.

'A bailout from either or both sources would come with even more austerity measures attached than the beleaguered economy could tolerate.

'“The IMF won't resolve Portugal's problem, like it didn't solve Brazil's,” Mr. Lula said, referring to an IMF intervention in the late 1990s. “Whenever the IMF tried to take care of countries' debts, it created more problems than solutions.'