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A Nation of Dropouts Shakes Europe
Keywords:
Only 28% of the people in Portugal between 25 and 64 have completed high school . This compares with 85% in Germany, 91% in Czech Republic and 89% for the U.S. Portugal's high-school dropout rate is 37%, one of the highest in Europe. Its reading scores lag behind the OECD average, even after improvements in the last decade. The military dictatorships that ruled Portugal did not emphasize education, and education was neglected for several centuries before that. Even after efforts by the democratically elected governments in recent decades there is a huge gap between Portugal and countries like Ireland. This becomes important for Portugal to build industries and have the technical skilled workers to support these industries. Without this Portugal's financial condition can only get worse. With a technical skilled workforce such as that in Ireland, analysts estimate the growth in GDP would be 1.5% higher. Sharp cuts in education spending are going to make the situation tougher. Portugal lacks industry, yet at the same time cumulative deficits with the rest of the world are over 130 billion euros after years of cumulative deficits. This highlights the problems facing the euro currency countries with vastly different educational systems, industry structures and economic management.
Portugal's austerity measures and the financial crisis 2010-2015
09/27/2010
Collapse of the government in Portugal in 2011, after failing to win support for further austerity measures.
Grouped Articles
Wall Street Journal 05/03/2013
Portugal Returns to Bond Market
Wall Street Journal 05/08/2013
Portugal Plans Cuts in Spending
Wall Street Journal 05/30/2013
Portugal's Government Thrust Into Turmoil
Wall Street Journal 07/03/2013
Lisbon Cabinet Shuffle Buoys Junior Coalition Party Leader
Wall Street Journal 07/08/2013
Portugalâs President Calls for Early Elections
New York Times 07/11/2013
The debt crisis that Portugal faces, after the crisis in Greece.
04/30/2010
Greece and Portugal are in much riskier shape than Argentina was when it defaulted in 2001, argues Simon Johnson.
Grouped Articles
Portugal Returns to Bond Market
Wall Street Journal 05/08/2013
Idea of Euro Exit Finds Currency in Portugal
Wall Street Journal 05/27/2013
Wall Street Journal 02/11/2014
Greece Defaults on IMF Loan Despite New Push for Bailout Aid
Wall Street Journal 07/01/2015
Greece, Missing I.M.F. Payment, Is Called Effectively in Default
New York Times 06/30/2015
Portugal on Road to Recovery Post-Bailout, But Scars Remain
Wall Street Journal 07/20/2015
Portugal- government debt, ratings and borrowing costs
10/23/2010
Grouped Articles
Ratings Gag Is No Joking Matter
Wall Street Journal 07/12/2011
Return of Long-Term Bond Buyers Seen as Crucial to Europe
New York Times 06/29/2012
Greece Gets New Bailout as U.S. Nears Brink
Wall Street Journal 07/22/2011
Wall Street Journal 05/07/2013
Portugal Returns to Bond Market
Wall Street Journal 05/08/2013
Portugal's Government Thrust Into Turmoil
Wall Street Journal 07/03/2013
Portugal's effort to increase foreign investment and improve competitiveness
03/25/2011
Efforts to reduce the corporate tax rate on foreign investment in Portugal to 10% in 2013.
Grouped Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
After a Recession in Portugal, the Tiny Green Fruits of Success
New York Times 08/28/2013
Portugal Moves to Cut Corporate Tax
Wall Street Journal 12/14/2012
A Nation of Dropouts Shakes Europe
Wall Street Journal 03/25/2011
Portugal Dared to Cast Aside Austerity. It’s Having a Major Revival.
New York Times 07/22/2018
Portugal- economy in 2010-2015
10/23/2010
Grouped Articles
Idea of Euro Exit Finds Currency in Portugal
Wall Street Journal 05/27/2013
Portugalâs President Calls for Early Elections
New York Times 07/11/2013
Portugal Emerges From Recession
Wall Street Journal 08/15/2013
After a Recession in Portugal, the Tiny Green Fruits of Success
New York Times 08/28/2013
Portugal Unveils Toughest Austerity Budget Yet
Wall Street Journal 10/16/2013
Portugal's public finances: The apology of Sócrates
Economist 10/23/2010
The education crisis in Portugal and the risks for the Portuguese economy
03/25/2011
With the highest highschool dropout rate among Western European countries and the poorest educated workforce, Portugal faces a difficult task overcoming the debt crisis.
Grouped Articles
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
A Nation of Dropouts Shakes Europe
Wall Street Journal 03/25/2011
Wall Street Journal 04/08/2011
New York Times 06/07/2012
Why Portugal is different from Greece in 2012-2013, and yet may find its debt unsustainable as the economy shrinks- the situation in 2012-2013
04/30/2010
Portugal is taking vigorous steps without social unrest, including spending cuts that will stabilize the deficit, labor reform, and increasing exports through trading links to Africa and Latin America. Portugal needs to borrow about 10 billion euros in 2012 and the ratings downgrade has hurt Portugal by raising rates on new borrowing to about 20%. The economy is expected to shrink by 3% in 2012.
Grouped Articles
Ratings Gag Is No Joking Matter
Wall Street Journal 07/12/2011
Greece Gets New Bailout as U.S. Nears Brink
Wall Street Journal 07/22/2011
Portugal Returns to Bond Market
Wall Street Journal 05/08/2013
Idea of Euro Exit Finds Currency in Portugal
Wall Street Journal 05/27/2013
The Next Global Problem: Portugal
New York Times 04/30/2010
Portugal Emerges From Recession
Wall Street Journal 08/15/2013
Portugal's exports 2012-2014
03/25/2011
Grouped Articles
New York Times 09/25/2011
Idea of Euro Exit Finds Currency in Portugal
Wall Street Journal 05/27/2013
After a Recession in Portugal, the Tiny Green Fruits of Success
New York Times 08/28/2013
Portugal's Shoemakers Bet on Quality
Wall Street Journal 03/08/2014
Buoyed by Exports, Portugal Chooses Clean Exit From Bailout
New York Times 05/04/2014
Portugal on Road to Recovery Post-Bailout, But Scars Remain
Wall Street Journal 07/20/2015
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