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The European Period (1986–2017)

  • Luciano AmaralEmail author
Chapter
Part of the Palgrave Studies in Economic History book series (PEHS)

Abstract

This book ends almost in the same manner as it started: with a financial crisis. On 6 April 2011, the Portuguese Government requested international assistance in order to deal with its foreign financial commitments. This was the culmination of a crisis that had started in 2008, accompanying similar events around the world. But in the case of Portugal, this negative cycle was inserted into an already ongoing medium-run trend of mediocre growth. The crisis was not like in many other countries, a negative event (a “black swan”) interrupting a phase of persistent and healthy growth. It was, rather, a sort of coda into an already worrying economic situation.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Nova School of Business and EconomicsLisbonPortugal

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