Ex Post Evaluation of the Economic Adjustment Programme. Portugal, 2011-2014

This document presents an ex post evaluation of the three year EU/IMF financial assistance for Portugal, which ended in May 2014. Portugal requested financial assistance as bad economic news and deteriorating market conditions priced the Portuguese banks and sovereign out of markets. The programme called upon Portugal to introduce reforms that were designed to address the weaknesses that had rendered it so vulnerable to the effects of the global crisis, and to set it on a stronger medium-term growth path.

European Commission: DG Economic and Financial Affairs: European Economy: Occasional Paper No. 191, April 2014: The Economic Adjustment Programme for Portugal - Eleventh Review http://ec.europa.eu/economy_finance/publications/occasional_paper/2014/op191_en.htm

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