Portugal crisis

The "portuguese miracle"

What’s Been Behind The “Portuguese Miracle”?

Portugal has seen 16 consecutive months of growth, something completely unthinkable up to just a short while ago. Submerged in a deep economic crisis, Portugal had a grim and difficult road ahead: aggressive adjustment plans, social tensions, a rise in unemployment, disenchantment with politicians etc…But gradually the improving scenario was confirmed.

Perseverare Diabolicum

Last week the Council decided that Spain and Portugal’s recent efforts to reduce deficit were not enough. This lead to the two countries being fined, the first time this happens since the inception of the euro.