Causes & consequences: a perspective from Portugal
The public debate in Europe about the current crisis is still dominated by the view that we are witnessing the results of systematic and prolonged misgovernment in the ‘crisis countries’. According to...
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The European crisis explained in two graphs
1) The sovereign debt crisis stems from the accumulation of external debt (both public and private) in some EU economies since the early 1990s Since 2010, the interest rates on the sovereign bonds of...
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