On the edge
In 2006 Portugal faces losing hundreds of millions of dollars in EU funding, income that has proved vital to the country's regeneration. Jan Harvey looks at what lies in store for a country, geographically and economically, on Europe's periphery
“Portugal needs a new direction,” Jose Manuel Durao Barroso said in the run-up to his election as the country’s prime minister last year. “We have to work more; we have to regain our competitiveness abroad,” he added. The new prime minister was to take power at a defining moment in Portugal’s history: for in 2006, 20 years after Portugal first joined the European Union (EU), the country faces the possible loss of EU funding worth hundreds of millions of dollars each year. The new Government had little more than three years to knock the country’s sluggish economy into the kind of shape to ride out the storm.
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651