Portugal

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Bitter Medicine: Belated Reforms Cut Deep in Southern Europe

Bitter Medicine: Belated Reforms Cut Deep in Southern Europe

SPIEGEL ONLINE - April 17, 2012

Mired in ongoing crisis, several countries in southern Europe are seeking to rapidly push through German-style labor market reforms to breathe life into their struggling economies. Yet they may not be enough to save the region's lost generation. By Fiona Ehlers, Julia Amalia Heyer, Christoph Pauly, Daniel Steinvorth and Helene Zuber more...

Hunt for Skilled Labor: Germany Woos Portugal's Lost Generation

Hunt for Skilled Labor: Germany Woos Portugal's Lost Generation

SPIEGEL ONLINE - March 28, 2012

The crisis-hit nations of southern Europe have one booming industry left -- their skilled workers are in high demand in Germany, which has a chronic shortage of qualified labor. German employers in search of nurses and engineers have launched a recruitment drive in Portugal, where over a third of young people are unemployed.   By Christoph Pauly more...


Not the Next Greece: Portugal Can Still Turn the Corner in Debt Crisis

Not the Next Greece: Portugal Can Still Turn the Corner in Debt Crisis

SPIEGEL ONLINE - March 23, 2012

Pimco CEO Mohamed El-Erian has warned that debt-ridden Portugal will become a second Greece and may also need a private-sector haircut. But he is exaggerating: Lisbon is forging ahead with its reform efforts, and the country has every chance of getting its finances under control. An Analysis by Stefan Schultz more... Comment ]

Not Out of The Woods Yet: Despite Progress, Euro Crisis Is Far From Over

Not Out of The Woods Yet: Despite Progress, Euro Crisis Is Far From Over

SPIEGEL ONLINE - March 15, 2012

The Greek debt cut worked and the rescue package has gone through. So is the euro crisis over? By no means. The situation in Greece will take a turn for the worse again in a few weeks. The other euro nations will have to use the time until then to get their own houses in order -- especially Germany. An Analysis by Christian Rickens more... Comment ]


10,000 Job Applicants: Portuguese Seek Greener Pastures in German Town

10,000 Job Applicants: Portuguese Seek Greener Pastures in German Town

SPIEGEL ONLINE - March 14, 2012

A mini job miracle has taken Schwäbisch Hall in the southern German state of Baden-Württemberg by surprise. After a Portuguese journalist wrote a rosy report on the town and its efforts to seek skilled workers from crisis-plagued European countries, job applications have flooded in. More than 10,000 people have written in so far, but results have been mixed. By Maria Zeitler more... Comment ]

Capital Flight: Southern European Money Migrating North to Safety

Capital Flight: Southern European Money Migrating North to Safety

SPIEGEL ONLINE - February 29, 2012

More and more people in southern euro-zone countries are moving their money north amid fears of losing their savings in the crisis. The capital flight makes things difficult for banks back home, but experts say there are no legal measures to stop it. Any steps would probably come too late, they say, and might even endanger the European project. By David Böcking, Maria Marquart and Stefan Kaiser more...


Averting the Next Greece: Portugal Needs More Money To Stay Afloat

Averting the Next Greece: Portugal Needs More Money To Stay Afloat

SPIEGEL ONLINE - February 21, 2012

With its massive austerity measures, Portugal has become the poster child of the troika of the EU, ECB and IMF. But the country is still stuck in a deep recession and it is unclear how it will return to growth. It may need to rely on European loans for years to come. By Christoph Pauly more... Comment ]

Is Portugal Next? German Finance Minister Suggests Lisbon Bailout Flexibility

Is Portugal Next? German Finance Minister Suggests Lisbon Bailout Flexibility

SPIEGEL ONLINE - February 10, 2012

Many economic experts agree that Portugal may be the next Greece. On Thursday evening, a senior European official seemed to confirm such fears. German Finance Minister Wolfgang Schäuble was caught on camera offering Portugal "adjustments" to its bailout program. more...


At the End of Europe: Seeking a Path out of the Crisis in Portugal

At the End of Europe: Seeking a Path out of the Crisis in Portugal

SPIEGEL ONLINE - July 27, 2011

After living beyond its means for decades, Portugal is now feeling the full brunt of the crisis. The government is responding with a brutal austerity package. But savings alone won't do the trick -- the country needs to find ways to expand industry and make itself more attractive for investment. The good news is that positive models already exist within its own borders. By Alexander Jung more... Comment ]

Debt Quicksand: Europe Fights the Growing Currency Crisis

Debt Quicksand: Europe Fights the Growing Currency Crisis

SPIEGEL ONLINE - July 14, 2011

For a while, Europe's common currency crisis seemed to be cooling down. But this week Italy joined other debt-ridden euro-zone countries in the crosshairs of the financial markets. Europe's indebted nations are fighting to get their houses in order -- with some success. By Carlo Angerer, David Böcking and Yasmin El-Sharif more...