Policy Article
Will Portugal Turn into a Second Greece?
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European Union & Euro
Economic & Financial Crises
Europe
Portugal’s deep economic crisis gives rise to the expectation that the country will turn into a second Greece. The Kiel economists Klaus Schrader and Claus-Friedrich Laaser analyse, whether this expectation is well founded or not. Their analysis of the crisis in Portugal shows that Portugal has a better chance of avoiding economic collapse than Greece. It is up to the Portuguese government to improve economic conditions by far-reaching structural reforms.
