Portugal and Ireland - Two alike situations or two different stories
First) Economically and financially, The starting point of the two countries was extremely different: Ireland had a Sustainable and Working economy, during the past 10 years and Portugal hadn't.: More specifically: concerning the history of the past budget surplus/deficit's, debt, trade, interest rates, budget revenue in % of the GDP and % of Expenses in the GDP. The following information can be built using data available @ the World Bank Website. Presenting Data: (to better view the graphic's info, please click on the image to enlarge it) Ireland is presented with the blue line , and Portugal with the red line. Budget surplus/deficit Budget surplus/deficit % of the GDP Government Debt Expense % of the GDP Interest Payment % of the GDP Revenue % of the GDP Central Government Debt External Balance % of the GDP GDP per capita, PPP Current account % of the GDP Resume: Throughout the last 15 years, Irela...