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Greece and Portugal: Similar fundamentals but different outcomes?

17 February 2012

Greece and Portugal: Similar fundamentals but different outcomes?

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While acknowledging that Portugal is far from being in the same dire straits as Greece in terms of its levels of public debt and deficit, Daniel Gros points out in this Commentary that excess private consumption is Portugal’s real problem. And if this problem is not addressed, he warns that the eurozone might soon have another country in need of debt forgiveness.

Daniel Gros is Director of CEPS.


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Greece and Portugal: Similar fundamentals but different outcomes?
Download Publication

2034 Downloads