Portugal, an Economic Model? "if France Chooses Austerity, It Will Become a Peripheral Country"

Marianne

Lean Left

Factuality

Ownership

The figures of the growth of the Portuguese economy, as well as of its budgetary surpluses that have just come out, are enthusiastic about the French media. Many propose that Hexagone imitate its Iberian neighbour. But this stems from a simplistic reading of the economic situation in Portugal, because austerity rarely creates growth in the long term, as Portuguese economist José Reis, former president of the University of Coimbra, recalls.