financial crisis with GDP dropping by 10% between 2008 and 2012 and unemployment increasing to 20% for Greece, Portugal and … Spain. We analyze first the reason for this setback, and then the policy reaction of the national governments and the …

Austerity measures alone will not suffice to generate the growth needed for recovery in Greece, Portugal, Spain and …

This paper examines the economic performance of Portugal and Spain in the European Union and outlines some lessons from …

In 2011, following years of large-scale external imbalances financed by debt, Portugal's economy reached a crisis point … adjustment and structural reforms. By many metrics, Portugal's 2011-14 macroeconomic stabilization program has been a success …, but going forward Portugal would benefit from policies to reduce vulnerabilities, absorb labor slack, and generate …