Policy Article

Will Portugal Turn into a Second Greece?

Kiel Policy Briefs, 42

Portugal’s deep economic crisis gives rise to the expectation that the country will turn into a second Greece. The Kiel economists Klaus Schrader and Claus-Friedrich Laaser analyse, whether this expectation is well founded or not. Their analysis of the crisis in Portugal shows that Portugal has a better chance of avoiding economic collapse than Greece. It is up to the Portuguese government to improve economic conditions by far-reaching structural reforms.