Spain, Portugal and Greece… How did the former European countries reduce their deficits

Spain, Portugal and Greece… How did the former European countries reduce their deficits

Decryption – As France debates its budget against the backdrop of an uncontrollably rising public deficit, former bad students in the eurozone are now borrowing at cheaper rates than France. Explanations.

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After Michel Barnier's finance bill was barely introduced, it finds itself the subject of criticism from all sides; Every path of saving leads to the emergence of malicious opposition centers. Given the government's lack of political foundation, it seems very likely that France, despite pressure from markets and its European counterparts, will once again make do with some tax increases to reduce its deficit. Investors are concerned about this: to the extent that Paris today borrows at ten years more expensive than Spain or Portugal, and after five years, more expensive than Greece. Named by the unflattering abbreviation Piigs (Portugal, Italy, Ireland, Greece and Spain), these countries generally faced the bull by the horns.

Since the 1990s, Sweden has rationalized its state perimeter. Agencies with production and investment objectives responsible for a specific field (transport…

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About the Author: Irene Alves

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