Legal Business

Portugal – A New Hope

Portugal’s European bailout is over and its privatisation programme is winding down. Legal Business asks the country’s lawyers what happens next.

While the instances in which Europe’s ailing economies have been talking up their prospects have been as frequent as rain storms this past year, Portugal has more reason than most to be bullish. It exited the European Union (EU)/International Monetary Fund (IMF) bailout programme at the end of last month; activity levels and employment figures are exceeding expectations; and the government aims to reduce the budget gap further in 2015.