In today's issue of Diário Económico - a Portuguese daily newspaper on economic and financial affairs - I write a short review of "Economia Portuguesa, As Últimas Décadas", Luciano Amaral's latest book, published by the Manuel Francisco dos Santos Foundation. Read it here.
Foreign readers will have to forgive me but there is no English version available.
Interesting. Totally agree with your most likely scenario... but I would prefer increased unemployment compensated by emigration over stagnation (or even reduction) of salaries.
ReplyDeletePedro H.