Status of Main Author

Undergraduate

Document Type

Article

Publication Date

2016

Abstract

As a result of its recent financial crisis, Portugal was forced to request external financial support; and its subsequent international bailout was accompanied by an economic adjustment program, which mandated various austerity measures and structural reforms. This article reviews the origins of the financial crisis in Portugal, provides an overview of the program and its short-term impacts, and analyzes the program’s benefits.

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