Publication

This paper analyzes the economic situation and special needs of the Portuguese ultraperipheral regions of Madeira and the Azores. The authors discuss approaches to improve the level of development of these regions. They propose to use Article 299.2 of the Treaty of the European Union as a basis for the creation of an updated contract with the EU in which the ultraperipheral regions guarantee their commitment to move toward self-sustainability in exchange for financial assistance and derogations from community law.