Seeking a Path out of the Crisis in Portugal

After living beyond its means for decades, Portugal is now feeling the full brunt of the crisis. The government is responding with a brutal austerity package. But savings alone won't do the trick - the country needs to find ways to expand industry and make itself more attractive for investment. The good news is that positive models already exist within its own borders.

• Primary Source

ESO: Background information: Moody’s warns of second rescue for Portugal / Portugal hits back at Moody’s downgrade http://www.europeansources.info/record/moodys-warns-of%e2%80%89second%e2%80%89rescue-for-portugal-portugal-hits-back-at-moodys-downgrade/

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