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Greece and Portugal: Similar fundamentals but different outcomes? CEPS Commentary, 17 February 2012

Gros, Daniel. (2012) Greece and Portugal: Similar fundamentals but different outcomes? CEPS Commentary, 17 February 2012. [Policy Paper]

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    Abstract

    While acknowledging that Portugal is far from being in the same dire straits as Greece in terms of its levels of public debt and deficit, Daniel Gros points out in this Commentary that excess private consumption is Portugal’s real problem. And if this problem is not addressed, he warns that the eurozone might soon have another country in need of debt forgiveness.

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    Item Type: Policy Paper
    Subjects for non-EU documents: Countries > Greece
    Countries > Portugal
    EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 20 Feb 2012 10:13
    Number of Pages: 2
    Last Modified: 20 Feb 2012 10:13
    URI: http://aei.pitt.edu/id/eprint/33609

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