Guichard, Stéphanie; Leibfritz, Willi - Economics Department, Organisation de Coopération et … - 2006
Portugal’s fiscal policy has failed to durably reduce the deficit below the Stability and Growth Pact threshold of 3 … describes fiscal developments in Portugal over the past years and explores why earlier attempts of fiscal consolidation have …. The new consolidation strategy is not relying on one-off measures in a context where Portugal has been granted more time …