Portugal and PIGS: Main Lessons of Economic Recovery

... Unemployment, %, Q4 2013 Total, billion euro Per capita euro Total 15-24 age group Portugal 10,49 166 15800 -2,6 129,0 15,4 34,8 Greece 11,06 182 17400 -2,3 175,1 27,4 57,3 Spain 46,73 1023 22300 -9,7 93,9 25,8 54,9 Ireland 4,59 164 35600 -5,5 123,7 12,2 25,5 For comparison: Italy 59,69 1560 25600 ... ... refinancing the state debt had evaporated, Portugal appealed to foreign creditors. In May 2011, the EU, European Central Bank, IMF, and Lisbon signed up to a three-year bailout and economic program that included a 78-billion-euro credit line. The European ...