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On the Rocks; Portugal's Woes
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 8843 no. 407 (Jul. 2013)
,
page 47.
Topik:
Bailouts
;
Fiscal Policy
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE19
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
For two years, Portugal has won plaudits as the best behaved of peripheral Europe's bailed-out countries. But voters have tired of the relentless austerity that Portugal has had to endure under the terms of its EUR 78 billion ($101 billion) bail-out programme, and the repercussions appear to have split the two-party coalition government. Portugal's international creditors, the troika of the EU, the IMF and the European Central Bank, are seeing their star pupil brought low by the political and social costs of implementing their rescue plan. The political turmoil in Lisbon increases the odds that Portugal will be unable to regain full access to capital markets by the scheduled date of June 2014. That would make a second bail-out likely.
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