The European Antitrust Review 2016

Portugal: State Aid

Markets in Europe and the United States tumbled in the early spring of 2010 in reaction to signs that the Greek debt crisis was spreading to other highly indebted states on the periphery of the eurozone, as was the case with Portugal. The financial and economic crisis hit hard and Portugal entered an Economic Adjustment Programme agreed with the European Commission, the European Central Bank and the International Monetary Fund (IMF). State aid became an unavoidable topic.

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