Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455276510
Category : Business & Economics
Languages : en
Pages : 123
Book Description
Portugal's economy faced severe crisis during the global economic and financial crisis. In this context, Portugal's authorities have put forward an economically well-balanced program that will focus on structural reforms to boost growth and employment, ensure balanced fiscal sustainability, safeguard financial stability, and prevent a credit crunch. The Executive Board of the International Monetary Fund welcomed this step, and approved a three-year arrangement under the Extended Fund Facility for Portugal.
Portugal
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1455276510
Category : Business & Economics
Languages : en
Pages : 123
Book Description
Portugal's economy faced severe crisis during the global economic and financial crisis. In this context, Portugal's authorities have put forward an economically well-balanced program that will focus on structural reforms to boost growth and employment, ensure balanced fiscal sustainability, safeguard financial stability, and prevent a credit crunch. The Executive Board of the International Monetary Fund welcomed this step, and approved a three-year arrangement under the Extended Fund Facility for Portugal.
Publisher: International Monetary Fund
ISBN: 1455276510
Category : Business & Economics
Languages : en
Pages : 123
Book Description
Portugal's economy faced severe crisis during the global economic and financial crisis. In this context, Portugal's authorities have put forward an economically well-balanced program that will focus on structural reforms to boost growth and employment, ensure balanced fiscal sustainability, safeguard financial stability, and prevent a credit crunch. The Executive Board of the International Monetary Fund welcomed this step, and approved a three-year arrangement under the Extended Fund Facility for Portugal.
Economic Adjustment Programme for Ireland
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 94
Book Description
Recoge: 1. Introduction - 2. Macroeconomic and financial developments - 3. Programme implementation - 4. Policy discussions - 5. Financial issues - 6. Risks.
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 94
Book Description
Recoge: 1. Introduction - 2. Macroeconomic and financial developments - 3. Programme implementation - 4. Policy discussions - 5. Financial issues - 6. Risks.
Financialisation in the European Periphery
Author: Ana Cordeiro Santos
Publisher: Routledge
ISBN: 0429801416
Category : Business & Economics
Languages : en
Pages : 254
Book Description
In many European countries, the process of financialisation has been exacerbated by the project of closer EU integration and accelerated as a result of austerity policies introduced after the Euro crisis of 2010–2012. However, the impact has been felt differently in core and peripheral countries. This book examines the case of Portugal, and in particular the impact on its economy, work and social reproduction. The book examines the recent evolution of the Portuguese economy, of particular sectors and systems of social provision (including finance, housing and water), labour relations and income distribution. In doing so, it offers a comprehensive critical analysis of varied aspects of capital accumulation and social reproduction in the country, which are crucial to understand the effects of the official ‘bail-out’ of 2011 and associated austerity adjustment program. The book shows how these have increasingly relied on deteriorating pay and working conditions and households’ direct and indirect engagement with the global financial system in new domains of social reproduction. Through its exploration of the Portuguese case, the book presents a general theoretical and methodological framework for the analysis of financialisation processes in peripheral countries. This text is essential reading for students and scholars of political economy, development, geography, international relations and sociology with an interest in examining the uneven mechanisms and impacts of global finance.
Publisher: Routledge
ISBN: 0429801416
Category : Business & Economics
Languages : en
Pages : 254
Book Description
In many European countries, the process of financialisation has been exacerbated by the project of closer EU integration and accelerated as a result of austerity policies introduced after the Euro crisis of 2010–2012. However, the impact has been felt differently in core and peripheral countries. This book examines the case of Portugal, and in particular the impact on its economy, work and social reproduction. The book examines the recent evolution of the Portuguese economy, of particular sectors and systems of social provision (including finance, housing and water), labour relations and income distribution. In doing so, it offers a comprehensive critical analysis of varied aspects of capital accumulation and social reproduction in the country, which are crucial to understand the effects of the official ‘bail-out’ of 2011 and associated austerity adjustment program. The book shows how these have increasingly relied on deteriorating pay and working conditions and households’ direct and indirect engagement with the global financial system in new domains of social reproduction. Through its exploration of the Portuguese case, the book presents a general theoretical and methodological framework for the analysis of financialisation processes in peripheral countries. This text is essential reading for students and scholars of political economy, development, geography, international relations and sociology with an interest in examining the uneven mechanisms and impacts of global finance.
The Economic Adjustment Programme for Portugal 2011-2014
Author:
Publisher:
ISBN: 9789279388163
Category :
Languages : en
Pages : 88
Book Description
This report by the European Commission services assesses the overall implementation of the Economic Adjustment Programme for Portugal and sets out future policy challenges for the Portuguese economy. This report provides a general overview and assessment of the Portuguese economy under its 2011-2014 EU/IMF adjustment programme and the remaining challenges ahead. Overall, despite challenging circumstances, Portugal{OCLCbr#D0}’s implementation of its programme over the last three years has succeeded in improving public finances, stabilising the financial sector, and setting the economy onto a path towards recovery. The economy has posted positive growth rates in several quarters and confidence among businesses and consumers appears to be rising. Nevertheless, the Portuguese economy remains vulnerable. Public finances need to consolidate further and more reforms are needed to safeguard financial stability and improve the competitiveness, agility and resilience of the economy. This assessment also includes the findings of a joint European Commission (EC)/ European Central Bank (ECB)/ International Monetary Fund (IMF) staff mission to Lisbon from 22 April to 2 May 2014 in connection with the 12th Programme review that was not concluded. Developments in the months since the end of the Programme are also taken into account.
Publisher:
ISBN: 9789279388163
Category :
Languages : en
Pages : 88
Book Description
This report by the European Commission services assesses the overall implementation of the Economic Adjustment Programme for Portugal and sets out future policy challenges for the Portuguese economy. This report provides a general overview and assessment of the Portuguese economy under its 2011-2014 EU/IMF adjustment programme and the remaining challenges ahead. Overall, despite challenging circumstances, Portugal{OCLCbr#D0}’s implementation of its programme over the last three years has succeeded in improving public finances, stabilising the financial sector, and setting the economy onto a path towards recovery. The economy has posted positive growth rates in several quarters and confidence among businesses and consumers appears to be rising. Nevertheless, the Portuguese economy remains vulnerable. Public finances need to consolidate further and more reforms are needed to safeguard financial stability and improve the competitiveness, agility and resilience of the economy. This assessment also includes the findings of a joint European Commission (EC)/ European Central Bank (ECB)/ International Monetary Fund (IMF) staff mission to Lisbon from 22 April to 2 May 2014 in connection with the 12th Programme review that was not concluded. Developments in the months since the end of the Programme are also taken into account.
The Exceptional Case of Post-Bailout Portugal
Author: Elisabetta De Giorgi
Publisher: Routledge
ISBN: 1000462552
Category : Political Science
Languages : en
Pages : 140
Book Description
This book explores the argument that Portugal has been an exception to the trend of political upheaval and electoral instability across Southern Europe following the financial crisis and the bailout period. It does so by mapping and exploring in-depth three key dimensions: the governmental arena, the party system and citizens’ political attitudes. The five chapters in this edited volume show that a number of factors combine to make Portugal not only a very stimulating case study, but also an exception within the South European panorama: the stability of its party system, and that of the mainstream parties’ electoral support in particular; the quick recovery of political attitudes after the end of the bailout period (2011-2014); the absence of competitive populist challengers until 2019, despite high levels of populist attitudes amongst the citizenry; the successful and stable union between anti-austerity parties supporting the socialist government (dubbed the ‘Contraption’) and its adoption of an ‘austerity by stealth’ model. This book shows that it is possible to combine critical junctures and political stability, responsiveness and responsibility, through the study of one of the most intriguing cases in Southern Europe in the last decades. The Exceptional Case of Post-Bailout Portugal will be of interest to students, researchers and scholars of Political Science and European Studies. The chapters in this book were originally published as a special issue of the journal, South European Society and Politics.
Publisher: Routledge
ISBN: 1000462552
Category : Political Science
Languages : en
Pages : 140
Book Description
This book explores the argument that Portugal has been an exception to the trend of political upheaval and electoral instability across Southern Europe following the financial crisis and the bailout period. It does so by mapping and exploring in-depth three key dimensions: the governmental arena, the party system and citizens’ political attitudes. The five chapters in this edited volume show that a number of factors combine to make Portugal not only a very stimulating case study, but also an exception within the South European panorama: the stability of its party system, and that of the mainstream parties’ electoral support in particular; the quick recovery of political attitudes after the end of the bailout period (2011-2014); the absence of competitive populist challengers until 2019, despite high levels of populist attitudes amongst the citizenry; the successful and stable union between anti-austerity parties supporting the socialist government (dubbed the ‘Contraption’) and its adoption of an ‘austerity by stealth’ model. This book shows that it is possible to combine critical junctures and political stability, responsiveness and responsibility, through the study of one of the most intriguing cases in Southern Europe in the last decades. The Exceptional Case of Post-Bailout Portugal will be of interest to students, researchers and scholars of Political Science and European Studies. The chapters in this book were originally published as a special issue of the journal, South European Society and Politics.
Portugal
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
ISBN: 1475557302
Category : Business & Economics
Languages : en
Pages : 81
Book Description
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Publisher: International Monetary Fund
ISBN: 1475557302
Category : Business & Economics
Languages : en
Pages : 81
Book Description
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
The Economic Adjustment Programme for Portugal
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 128
Book Description
The programme aims at restoring competitiveness and to put Portugal's economy back on the path of sustainable growth, sound public finances and job creation. This report assesses compliance with the terms and conditions for the 1st Review of the Economic Adjustment Programme and summarises the findings of the joint EC/IMF and ECB mission. It also incorporates in an annex the updated programme documents, endorsed by the Council on 2 September 2011 and by the IMF Executive Board on 12 September 2011. The new government that took office on 21 June has taken full ownership of the programme. It has quickly moved to meet the structural targets for the First Review and reacted promptly to evidence of an emerging shortfall in public finances. Structural reforms to open the economy to competition and reduce government involvement in the private sector are underway. Measures to strengthen the financial sector are underway. In particular, banks are working towards meeting the higher capital requirements established under the programme. Growth prospects remain subdued with an expected GDP loss of about 2% of GDP this year and the next, before recovery takes hold in 2013.
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 128
Book Description
The programme aims at restoring competitiveness and to put Portugal's economy back on the path of sustainable growth, sound public finances and job creation. This report assesses compliance with the terms and conditions for the 1st Review of the Economic Adjustment Programme and summarises the findings of the joint EC/IMF and ECB mission. It also incorporates in an annex the updated programme documents, endorsed by the Council on 2 September 2011 and by the IMF Executive Board on 12 September 2011. The new government that took office on 21 June has taken full ownership of the programme. It has quickly moved to meet the structural targets for the First Review and reacted promptly to evidence of an emerging shortfall in public finances. Structural reforms to open the economy to competition and reduce government involvement in the private sector are underway. Measures to strengthen the financial sector are underway. In particular, banks are working towards meeting the higher capital requirements established under the programme. Growth prospects remain subdued with an expected GDP loss of about 2% of GDP this year and the next, before recovery takes hold in 2013.
Portugal
Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 44
Book Description
Selected Issues
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 44
Book Description
Selected Issues
The Second Economic Adjustment Programme for Greece
Author:
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 236
Book Description
Recoge: 1. Introduction - 2. Macroeconomic and financial developments - 3. Programme implementation - 4. Debt sustainability analysis and programme financing.
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 236
Book Description
Recoge: 1. Introduction - 2. Macroeconomic and financial developments - 3. Programme implementation - 4. Debt sustainability analysis and programme financing.
The Economic Adjustment Programme for Portugal
Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 128
Book Description
"This report by European Commission staff provides an overview of the challenges faced by Portugal and the objectives and design of the economic and financial programme. Following a request by Portugal on 7 April 2011, the European Commission, ECB and IMF negotiated an Economic Adjustment Programme, aimed at restoring confidence, enabling the return of the economy to sustainable growth, and safeguarding financial stability in Portugal, the Euro area and the EU. The Programme was agreed by the European Council on 17 May 2011. It covers the period 2011-2014. The programme foresees comprehensive action on three fronts: a credible and balanced fiscal consolidation strategy, efforts to safeguard the financial sector and deep and frontloaded structural reforms to boost potential growth."--Provided by publisher.
Publisher:
ISBN:
Category : Economic assistance
Languages : en
Pages : 128
Book Description
"This report by European Commission staff provides an overview of the challenges faced by Portugal and the objectives and design of the economic and financial programme. Following a request by Portugal on 7 April 2011, the European Commission, ECB and IMF negotiated an Economic Adjustment Programme, aimed at restoring confidence, enabling the return of the economy to sustainable growth, and safeguarding financial stability in Portugal, the Euro area and the EU. The Programme was agreed by the European Council on 17 May 2011. It covers the period 2011-2014. The programme foresees comprehensive action on three fronts: a credible and balanced fiscal consolidation strategy, efforts to safeguard the financial sector and deep and frontloaded structural reforms to boost potential growth."--Provided by publisher.