Drawing on the belief that photographs could critically scrutinize landscape uses, this essay attempts to locate and discuss projects published and exhibited in Portugal from May 2011 to May 2014. This period corresponds to the “regime” determined by the Troika memorandum, signed by the European Commission, the Central European Bank and the International Monetary Fund with the Portuguese Government. It aimed to “rescue” the country from bankruptcy. The argument examines the use of photographs in close relation with the economics of the landscape. In order to unveil the context of their production and inquiry the issues they dispute, in their subjective role, as documents and as artistic representations.