Bertelsmann Stiftung (ed.)

Sofia Gonçalves

Two Economic Paths out of the Crisis?

Greece and Portugal in comparison

  • 1. edition 2016 (PDF)
  • Free of charge

The reasons that led both Portugal and Greece to a forthcoming default are, at the core, similar. Nevertheless, the pace at which the required reforms were implemented and their political support was not alike.

Our new Focus Paper “Two Economic Paths out the Crisis?” sheds light on the causes that led these two small open economics to ask for financial assistance programmes and on their implementation of reforms through time.