Research Catalog

The economic adjustment programme for Portugal

Title
The economic adjustment programme for Portugal / European Commission, Directorate-General for Economic and Financial Affairs.
Publication
Luxembourg : Publications Office of the European Union, 2011.

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TextUse in library HC392 .E29 2011q OversizeOff-site

Details

Additional Authors
European Commission. Directorate-General for Economic and Financial Affairs.
Description
116 pages : color illustrations; 30 cm.
Summary
"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.
Series Statement
European economy. Occasional papers, 1725-3195 ; no. 79
Uniform Title
European economy. Occasional papers ; no. 79.
Subject
  • Since 1974
  • Structural adjustment (Economic policy) > Portugal
  • Economic stabilization > Portugal
  • Economic assistance > Portugal
  • Conditions économiques
  • Crise économique
  • Aide économique
  • Aide financière
  • Economic assistance
  • Economic history
  • Economic policy
  • Economic stabilization
  • Structural adjustment (Economic policy)
  • Kredietcrisis (2008-)
  • Economische hulpverlening
  • Europese Unie
  • Portugal > Economic policy
  • Portugal > Economic conditions > 1974-
  • Portugal
Note
  • "June 2011"--Cover.
  • "KC-AH-11-079-EN-C"--Page 4 of cover.
Additional Formats (note)
  • Also available in an electronic version.
Contents
Weak economic performance and growing imbalances in the years before the crisis -- The run-up to the international financial assistance programme -- Programme design and objectives: 1. Economic outlook : shrinking domestic demand and rising net exports ; 2. Putting fiscal policy on a sustainable footing ; 3. Stabilising the financial sector ; 4. In-depth structural reforms to support growth and the unwinding of imbalances -- Programme financing -- Annex 1. Commission services' macroeconomic projections, 2011-15 -- Annex 2. List of fiscal measures included in the Programme -- Annex 3. Indicative financing needs and sources -- Annex 4. Programme documents: Letter of Intent ; Portugal -- Memorandum Of Economic And Financial Policies ; Memorandum of Understanding on Specific Economic Policy Conditionality ; Portugal-Technical Memorandum Of Understanding (TMU) -- Annex 5. Indicative timeline of financial sector and structural measures in the Memorandum of Understanding on specific economic conditionality -- Annex 6. Provision of data.
ISBN
  • 9789279193316
  • 9279193317
OCLC
  • ocn747256282
  • 747256282
  • SCSB-1849145
Owning Institutions
Princeton University Library