Current Economic Situation of Portugal

Studienarbeit aus dem Jahr 2011 im Fachbereich VWL - Finanzwissenschaft, Note: 1,2, Instituto Universitário de Lisboa (ISCTE BUSINESS SCHOOL - IUL Lisbon), Sprache: Deutsch, Abstract: The following course work will show the consequences of the financial crisis on the Portuguese economy and it will take a closer look on the current situation in this country. I also want to give an insight into the most intensive discussed topics concerning the Portugal economy at the moment. This will include for example the discussion on the Portuguese high debt succeeding the fair of a downgrading of the whole country and the biggest banks because of a decreasing willingness to pay back debt in the future. On the other hand I want to take into account the open discussion on ¿Eurobonds¿ which mentioned a way to lower high interest pay-ments for Portugal, Greece and other strong hit countries.

The introduction will cover a short analysis of the current global economic situa-tion. Containing the main characteristic. Subsequently I want to address the cur-rent economic situation of Portugal. With the previously given background infor-mation of the global situation it should be easier to evaluate Portugal standing in Europe and the World.

Thereafter I want to go into details, like the high fiscal deficit of Portugal and the huge absolute national indebtedness. Here I also provide information about the creditors that are willing to lend money to Portugal. A topic concerning the risk measurement of Portugal and accompanied with higher interest rates for government bonds will go deeper in the states problem.

At the end of the seminar paper I bring up a few ideas how to get of this difficult situation and show a few economic outlooks for Portugal.