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Portugal in Ruins: From “Europe†to Crisis and Austerity

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  • Samuel Weeks

Abstract

This article engages the analyses of Poulantzas, Anderson, and Ferreira do Aramal to outline the main politico-economic contours of post-Carnation Revolution Portugal. The account that follows examines the effects of accession to the European Economic Community (EEC), European Union (EU) structural funding and liberalization policies, and the euro currency. The article concludes by situating the troika’s 2011 “rescue†of the Portuguese state—and the accompanying austerity measures—within the post-1974 process of “Europeanization.â€

Suggested Citation

  • Samuel Weeks, 2019. "Portugal in Ruins: From “Europe†to Crisis and Austerity," Review of Radical Political Economics, Union for Radical Political Economics, vol. 51(2), pages 246-264, June.
    • Handle: RePEc:sae:reorpe:v:51:y:2019:i:2:p:246-264
    DOI: 10.1177/0486613418776693
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    More about this item

    Keywords

    Portugal; European Union; euro currency; crisis; austerity;
    All these keywords.

    JEL classification:

    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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