Publication
Mar 2012
It is not surprising that many expect that Portugal will turn into a second Greece as its GDP shrinks and unemployment remains high. But is this expectation really well founded? The authors think the answer to this question is 'no' as a careful analysis of the crisis in Portugal shows that it is different from the crisis in Greece. Portugal has a better chance of avoiding economic collapse than Greece.
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English (PDF, 14 pages, 224 KB) |
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Author | Klaus Schrader, Claus-Friedrich Laaser |
Series | Kiel Institute Policy Briefs |
Issue | 42 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2012 The Kiel Institute for the World Economy |