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Kiel Policy Brief, IfW >
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http://hdl.handle.net/10419/56378
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Schrader, Klaus | | en_US |
| dc.contributor.author | | Laaser, Claus-Friedrich | | en_US |
| dc.date.accessioned | | 2012-03-22 | | en_US |
| dc.date.accessioned | | 2012-03-28T14:53:46Z | | - |
| dc.date.available | | 2012-03-28T14:53:46Z | | - |
| dc.date.issued | | 2012 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/56378 | | - |
| dc.description.abstract | | Current economic developments in Portugal do not portend well. The Portuguese GDP is shrinking and the growth forecast for 2012 is gloomy - in the EU only the forecast for Greece is even worse (Figure 1). Moreover, Portugal is now having to pay double-digit interest rates on its bonds, its debt ratio exceeds 100 p.c. of GDP, its unemploy-ment rate is knocking on 15 p.c., and its current account deficit continues to remain high. All of these things not only indicate that Portugal is in a serious economic crisis. They also conjure up parallels to Greece's economic plunge. Thus, it is not surprising that many expect that Portugal will turn into a second Greece. But is this expectation really well founded? We think the answer to this question is no. A careful analysis of the crisis in Portugal shows that it is different from the crisis in Greece. Portugal has a better chance of avoiding economic collapse than Greece. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Kiel Institute for the World Economy (IfW) Kiel | | en_US |
| dc.relation.ispartofseries | | Kiel policy brief / Institut für Weltwirtschaft an der Universität Kiel 42 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.stw | | Wirtschaftskrise | | en_US |
| dc.subject.stw | | Öffentliche Schulden | | en_US |
| dc.subject.stw | | Leistungsbilanz | | en_US |
| dc.subject.stw | | Zahlungsbilanzungleichgewicht | | en_US |
| dc.subject.stw | | Arbeitslosigkeit | | en_US |
| dc.subject.stw | | Zins | | en_US |
| dc.subject.stw | | Risikoprämie | | en_US |
| dc.subject.stw | | Portugal | | en_US |
| dc.title | | Will Portugal turn into a second Greece? | | en_US |
| dc.type | | Research Report | | en_US |
| dc.identifier.ppn | | 68906621X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des IfW Economists Online Kiel Policy Brief, IfW
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