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2010–2014 Portuguese Financial Crisis
The 2010–2014 Portuguese financial crisis was part of the wider downturn of the Portuguese economy that started in 2001 and possibly ended between 2016 and 2017. The period from 2010 to 2014 was probably the hardest and more challenging part of the entire economic crisis; this period includes the 2011–14 international bailout to Portugal and was marked by intense austerity policies, more intense than the wider 2001-2017 crisis. Economic growth stalled in Portugal between 2001 and 2002, and following years of internal economic crisis, the worldwide Great Recession started to hit Portugal in 2008 and eventually led to the country being unable to repay or refinance its government debt without the assistance of third parties. To prevent an insolvency situation in the debt crisis, Portugal applied in April 2011 for bail-out programs and drew a cumulated €78 billion from the IMF, the EFSM, and the EFSF. Portugal exited the bailout in May 2014, the same year that positive economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portugal Bonds
Portugal, officially the Portuguese Republic ( pt, República Portuguesa, links=yes ), is a country whose mainland is located on the Iberian Peninsula of Southwestern Europe, and whose territory also includes the Atlantic archipelagos of the Azores and Madeira. It features the westernmost point in continental Europe, and its Iberian portion is bordered to the west and south by the Atlantic Ocean and to the north and east by Spain, the sole country to have a land border with Portugal. Its two archipelagos form two autonomous regions with their own regional governments. Lisbon is the capital and largest city by population. Portugal is the oldest continuously existing nation state on the Iberian Peninsula and one of the oldest in Europe, its territory having been continuously settled, invaded and fought over since prehistoric times. It was inhabited by pre-Celtic and Celtic peoples who had contact with Phoenicians and Ancient Greek traders, it was ruled by the Romans, f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GDP Per Capita
Lists of countries by GDP per capita list the countries in the world by their gross domestic product (GDP) per capita. The lists may be based on nominal or purchasing power parity GDP. Gross national income (GNI) per capita accounts for inflows and outflows of foreign capital. Income inequality metrics measure the distribution of income between rich and poor. Lists *GDP ** List of countries by GDP (nominal) per capita ** List of countries by GDP (PPP) per capita *GNI ** List of countries by GNI (nominal) per capita ** List of countries by GNI (PPP) per capita This article includes a list of countries of the world sorted by their Gross National Income (GNI) per capita at purchasing power parity (PPP). For rankings regarding wealth, see list of countries by wealth per adult. List See also *List ... {{DEFAULTSORT:GDP per capita Lists of countries by GDP ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 European Union Stimulus Plan
On 26 November 2008, the European Commission proposed a European stimulus plan (also referred to as the European Economic Recovery Plan) amounting to 200 billion euros to cope with the effects of the global financial crisis on the economies of the members countries. It aims at limiting the economic slowdown of the economies through national economic policies, with measures extended over a period of two years. Presentation of the plan The European Commission presented on 26 November a plan to cope with the current economic crisis in the 27 member countries of the Union. The plan combines short-term measures to stimulate demand and maintain jobs and longer-term measures to invest in strategical sectors, including research and innovation. The aim is to promote growth and ensure sustainable prosperity.''Kick-starting the econo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sick Man Of Europe
"Sick man of Europe" is a label given to a nation which is located in some part of Europe and experiencing a time of economic difficulty or impoverishment. Emperor Nicholas I of the Russian Empire is considered to be the first to use the term "Sick Man" to describe the Ottoman Empire in the mid-19th century. The characterization existed during the " Eastern Question" in diplomatic history, which also referred to the decline of the Ottoman Empire in terms of the balance of power in Europe. After the dissolution of the Ottoman Empire in the early 20th century, the term has been applied to other nations. In modern usage, the term has faced criticism due to its origins and arguable over-usage. Origin Early usage Russian Tsar Nicholas I (), seeking to expand into parts of the Ottoman Empire during the Eastern Question, had described Turkey as "sick" or "sick man" during his meeting with Austrian Prince Metternich () in Münchengrätz, two months after the Treaty of Hünkâr Ä ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unemployment Rate
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). Unemployment can have many sources, such as the following: * new technologies and inventions * the status of the economy, which can be influenced by a recession * competition caused by globalization and international trade * policies of the government * regulation and market Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetary authority of a country, such as the central bank, can influence the availability and cost for money through its monetary ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2005 Portuguese Legislative Election
The 2005 Portuguese legislative election took place on 20 February. The election renewed all 230 members of the Assembly of the Republic. These elections were called after the decision of President Jorge Sampaio on 30 November 2004 to dissolve the Parliament as an answer to the political instability caused by the government led by Pedro Santana Lopes (PSD) in coalition with the PP. Santana Lopes had become Prime Minister in July 2004, after José Manuel Durão Barroso left the country in order to become President of the European Commission in a decision that divided the country, because many Portuguese were expecting that the Socialist President Jorge Sampaio would dissolve the Parliament and call a legislative election. However, after five unstable months, President Sampaio decided to dissolve Parliament and call fresh elections. The Prime Minister nevertheless announced the resignation of the government on 11 December, in an action with no practical effects whatsoever. The camp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
José Sócrates
José Sócrates Carvalho Pinto de Sousa, GCIH (born 6 September 1957), commonly known as José Sócrates (), is a Portuguese politician who was the prime minister of Portugal from 12 March 2005 to 21 June 2011. For the second half of 2007, he acted as the president-in-office of the Council of the European Union. Sócrates grew up in the industrial city of Covilhã. He joined the centre-left Socialist Party in 1981 and was elected as a member of parliament in 1987. Sócrates entered the government in 1995, as secretary of state for environment in the first cabinet of António Guterres. Two years later, he became Minister of Youth and Sports (where he helped to organize Portugal's successful bid to host UEFA Euro 2004) and in 1999 became Minister for Environment. Sócrates prominence rose during the governments of António Guterres to the point that when the prime minister resigned in 2001, he considered to appoint Sócrates as his successor. In opposition, José Sócrates was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt-to-GDP Ratio
In economics, the debt-to-GDP ratio is the ratio between a country's government debt (measured in units of currency) and its gross domestic product (GDP) (measured in units of currency per year). While it is a "ratio", it is technically measured in units of year, and can be interpreted as the number of years a country needs to pay off its entire debt, if all its GDP is devoted towards it. A low debt-to-GDP ratio indicates that an economy produces goods and services sufficient to pay back debts without incurring further debt. Geopolitical and economic considerations – including interest rates, war, recessions, and other variables – influence the borrowing practices of a nation and the choice to incur further debt. It should not be confused with a deficit-to-GDP ratio, which, for countries running budget deficits, measures a country's annual net fiscal loss in a given year ( total expenditures minus total revenue, or the net change in debt per annum) as a percentage share of tha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
José Manuel Durão Barroso
José is a predominantly Spanish and Portuguese form of the given name Joseph. While spelled alike, this name is pronounced differently in each language: Spanish ; Portuguese (or ). In French, the name ''José'', pronounced , is an old vernacular form of Joseph, which is also in current usage as a given name. José is also commonly used as part of masculine name composites, such as José Manuel, José Maria or Antonio José, and also in female name composites like Maria José or Marie-José. The feminine written form is ''Josée'' as in French. In Netherlandic Dutch, however, ''José'' is a feminine given name and is pronounced ; it may occur as part of name composites like Marie-José or as a feminine first name in its own right; it can also be short for the name ''Josina'' and even a Dutch hypocorism of the name ''Johanna''. In England, Jose is originally a Romano-Celtic surname, and people with this family name can usually be found in, or traced to, the English county of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Democratic Party (Portugal)
The Social Democratic Party ( pt, Partido Social Democrata, ; PSD) is a liberal-conservative political party in Portugal. Commonly known by its colloquial initials PSD, on ballot papers its initials appear as its official form PPD/PSD, with the first three letters coming from the party's original name, the Democratic People's Party (, PPD). A party of the centre-right, the PSD is one of the two major parties in Portuguese politics, its rival being the Socialist Party (PS) on the centre-left. The PSD was founded in 1974, two weeks after the Carnation Revolution and in 1976 adopted its current name. In 1979, the PSD allied with centre-right parties to form the Democratic Alliance and won that year's election. After the 1983 general election, the party formed a grand coalition with the Socialist Party, known as the Central Bloc, before winning the 1985 general election under new leader AnÃbal Cavaco Silva, who shifted the party to the right. Cavaco Silva served as Prime Min ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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