Abstract

LOURTIE, Pedro. Understanding Portugal in the context of the euro crisis. Relações Internacionais [online]. 2011, n.32, pp.061-105. ISSN 1645-9199.

The Portuguese successful superation of the current crisis depends on its decisions but also on the financial stabilization of the euro area and how the European Union continues to address it. The economic, political, and institutional roots of this crisis can be found not only within the most affected countries but also in the construct and in the political management of the euro area as a whole. Despite the Portuguese structural problems and imbalances the contagion effects are obvious from the crisis timeline. Stopping contagion and preserving the stability of the whole area is the Union’s most pressing objective.

Keywords : Economic crisis; European Union; Portugal; Greece.

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