Policy paper 2 – Scenarios for the restructuring of Portuguese debt
The Institute of Public Policy today released its second Policy Paper: Scenarios for the restructuring of Portuguese debt, by Ricardo Cabral, Francisco Louçã, Eugénia Pires and Pedro Nuno Santos. In the wake of IPP Report 1, this paper represents an important contribution to the public debate in Portugal about the restructuring of the public debt and the high indebtedness of the private sector. The authors present long-term simulations, comparing in detail the advantages, risks and consequences of six different scenarios for the Portuguese debt restructuring that arise from several possibilities raised in the public discussion – thus bringing an element of…