Portugal, Spain, the Euro and the international financial crisis

• Autor(a) principal: Mendonça, António
• Data de Publicação: 2018
• Tipo de documento: Artigo
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10400.5/26111
• topic: Euro; International Economic; Financial Crisis; Portugal; Spain; Euro; Economia internacional; Crise económica e financeira; Portugal; Espanha

: In this paper we present some data of the Portuguese economy aiming to capture some of its main long trends and the way it reacted to the introduction of the single currency in Europe. Since Portugal followed a similar path with Spain in what concerns the European economic integration process, we develop a comparative analysis between the two Iberian countries trying to capture some dynamics that can aid to understand the different ways how the two economies reacted to the participation on the eurozone and, in this phase of the economic integration in Europe, how they suffered the impacts of the 2008-2009 international financial crisis and reacted to its effects. To evaluate and compare the two countries paths we use some fundamental macroeconomic indicators as, output and employment, investment, external accounts, budget balances and public debts. The comparison with Europe’s average economic performance is also present, trying to understand which country follow a more “European standard”