Two of the four macroeconomic adjustment programmes, Portugal and Ireland’s, can be considered a success in the sense that the initial expectations in terms of adjustment, both fiscal and external, were broadly fulfilled. A rebound based on exports has taken hold in these two countries, but a...

Foreword -- Executive summary : from the bilateral and regional to the global -- Sumário executivo : do bilateral e regional para o global -- Introduction and conclusions -- Introdução e conclusões -- part 1. Macroeconomic policy. Brazil and the EU in the global economy / Daniel Gros, Cinzia...