Portugal’s economy has rebounded dramatically since its European Union bailout in 2011. Wages are up and unemployment down. What’s surprising is that this happened only as austerity was canceled.

It’s the fact that they told the EU and the IMF to bug-off with their austerity demands that their economy is improving. Too bad Greece didn’t do the same thing even though the people told their government to do exactly that.

Source: Portugal Basks In Post-Bailout Economic Revival : Parallels : NPR

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