| dc.contributor.author | TORRES, Francisco S. | |
| dc.date.accessioned | 2015-03-20T10:06:50Z | |
| dc.date.available | 2015-03-20T10:06:50Z | |
| dc.date.issued | 2014 | |
| dc.identifier.citation | Susannah VERNEY, Anna BOSCO and Marina COSTA LOBO (eds), Southern Europe and the financial earthquake : coping with the first phase of the international crisis, London ; New York : Routledge, 2014, South European Society and Politics, pp. 55-70 | en |
| dc.identifier.isbn | 9781138803107 | |
| dc.identifier.uri | https://hdl.handle.net/1814/35110 | |
| dc.description.abstract | The financial crisis caught Portugal in the midst of its long-protracted and slow fiscal consolidation process, which brought the budget deficit down to 2.2 per cent of GDP in 2008. The crisis was not a bursting bubble type of shock but it brought back the longforgotten external (liquidity) constraints. Given Portugal’s accumulated external imbalances, it is argued that the government should credibly pre-commit to mediumterm budgetary objectives with accelerated corrective measures to the 2009 fiscal overrun. Also, it should actively promote sustainable consumption patterns and a leap forward to a new ‘green’ competitive basis for sustainable development, thereby increasing the country’s general creditworthiness. | en |
| dc.language.iso | en | en |
| dc.title | Back to external pressure : policy responses to the financial crisis in Portugal | en |
| dc.type | Contribution to book | en |