Portugal is better prepared to deal with today’s demanding economic situation than the eurozone crisis more than a decade ago, when the southern European country asked for a foreign bailout.
“Ten years ago, our economy was in recession and our debt was increasing,” Economy Minister Antonio Costa Silva said in an interview in Lisbon. “Today we have precisely the opposite scenario: a developing economy and falling debt. But we will have to make no mistake: 2023 will be a very difficult year.