Financial crisis in Portugal | Paulo Morgado in O Jornal Económico

PAULO MORGADO IN O JORNAL ECONÓMICO: “PORTUGAL IS THE NEW RICH WHO HAS SPENT ALL THE MONEY SHE HAD.” (15-09-2008)

Interview given to O Jornal Económico in 2008, year in which the first signs of the financial crisis were starting to be felt in the Eurozone. Paulo Morgado shares his views on the state of the Portuguese economy, the country’s levels of competitiveness, and the structural changes affecting the entire country as a result of the financial crisis.

In his view, the 2008 financial crisis was due to more structural than temporary factors. In the last few years, “there hasn’t been an approach for the strategic positioning of Portugal, there hasn’t been a corporate way of thinking for the country.”

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