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Economic Confidence Crisis.pdf

article-mr-peneda-no-solution-without-confidence_en.pdf

🔗 Source: eesc.europa.eu

📊 Size: 53 KB

👤 Author: ymur

⬇️ Downloads: 117

Summary

Economic and social stakeholders in Portugal are concerned that efforts to restore the economy are being exhausted due to doubts about the troika's deficit adjustment plan, which may have negative consequences for the economy, social stability, and security, and may not achieve budget deficit objectives. The plan was drawn up by institutions with limited knowledge of the Portuguese economy, and its implementation pace may be too drastic, exacerbating existing structural imbalances in the country's production structure. Excessive austerity may distort the economy further, and budgetary imbalances are not just the result of government mistakes, but also of the productive structure, making it an economic issue. A systemic solution is needed, requiring a new memorandum with broad political and social consensus, a ten-year view, and participation from various bodies, including the European Investment Bank, to rectify distortions in the production fabric and restore confidence.

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Description

Economic and social stakeholders in Portugal are concerned that efforts to restore the economy are being exhausted due to doubts about the troika's deficit...

Technical Information

File Format: PDF
File Size: 53 KB
Pages: 2
Language: EN
Author: ymur
Total Downloads: 117
Last Updated: 1 week ago

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