Portugal’s painful road to recovery

Editorial. The rescue programme laid down by the EU and IMF sets Portugal the task of tightening its fiscal stance by up to 10 percentage points of GDP over three years – a formidable task for a country that has avoided serious economic reform for years.

i, 17.5.11: Portugal to receive €18 billion until elections (via PressEurop) http://www.presseurop.eu/en/content/news-brief-cover/658081-portugal-receive-18-billion-until-elections

ESO: Background information: Portugal reaches deal on €78bn bail-out http://www.europeansources.info/record/portugal-reaches-deal-on-e78bn-bail-out/

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