Recovery in Greece, Italy, Portugal and Spain is held back in part by structural barriers. Overcoming these requires …

Greece, Portugal and Spain face a serious risk of external solvency due to their close to minus 100 percent of GDP net … exchange rates of Greece, Portugal and Spain have also either already adjusted or do not indicate significant appreciations …

Current economic developments in Portugal do not portend well. The Portuguese GDP is shrinking and the growth forecast … for 2012 is gloomy - in the EU only the forecast for Greece is even worse (Figure 1). Moreover, Portugal is now having to … on 15 p.c., and its current account deficit continues to remain high. All of these things not only indicate that Portugal …

We provide a simple exercise for the real growth rate of GDP in 2020 in Portugal, with three alternative scenarios …

sustainability is not guaranteed and prudence will be needed to avoid future difficulties. A clean exit for Portugal is not …