How did Portugal manage to restore its public finances?

How did Portugal manage to restore its public finances?

analysis – The country, which was among the poorest countries in the euro zone, achieved a budget surplus last year and one of the most dynamic growth rates on the continent.

The Portuguese go to the polls on Sunday to renew Parliament, after more than eight years of rule by António Costa's Socialist Party, leaving the country in an economic situation that would make its neighbors envy the euro. region.

The outgoing 62-year-old prime minister will not run again: in November he announced the resignation of his government, which was hit by a corruption scandal over the award of renewable energy contracts. Although his office was searched, he was not prosecuted and claims to have been prosecuted With a clear conscience “. He may aim to assume responsibilities within the European Union after the June elections. But this climate of distrust is reshuffling the political cards and destabilizing the country, which was mired in a sovereign debt crisis just over a decade ago, hard-earned over the years.

The Socialists, led by former Minister Pedro Nuno Santos (46 years old), are close…

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About the Author: Irene Alves

"Bacon ninja. Guru do álcool. Explorador orgulhoso. Ávido entusiasta da cultura pop."

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