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Archives for Portugal

Securing Portugal’s deficit

The EU/IMF/ECB troika released a statement on its second review of the Portuguese bailout this afternoon. It was more or less what was expected, with a deeper recession forecast for next year (GDP contracting by 3%) and fears over some over-spending, p…

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Spring cleaning

The EU has today released its spring forecast, which updates last autumn’s economic forecasts for EU (and related) countries.Despite our (relatively) chirpy title it’s far from happy reading.The EU now expects Greek debt to reach 157.7% of GDP in 2…

Posted by Open Europe blog team

Up, up and away…

That’s been the story with Greece’s debt and deficit figures for some time, particularly since it’s become almost customary for the figures to receive at least one upward revision on their original estimates. However, Eurostat’s latest figures …

Posted by Open Europe blog team

The exact consequences for the eurozone of the True Finns’ success in yesterday’s Finnish elections remain unclear. The result makes it the third largest party, securing 39 seats in the 200-strong parliament with 19% of the votes, close behind the Nati…

Posted by Open Europe blog team

Solving the problem should undoubtedly be the priority now, but looking at how Portugal got into this mess might help to formulate a solution.Clearly there were many factors which helped to precipitate the current crisis, including numerous domestic po…

Posted by Open Europe blog team