[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"page:work\u002Fcollective-bargaining-agreement\u002Fupdates\u002F2013\u002Fportugal-change-the-policy-that-creates-a-nightmare-may-27-2013":3},{"id":4,"slug":5,"title":6,"short_title":7,"intro_text":7,"meta_description":8,"seo_title":8,"path":9,"content_type":10,"locale":11,"go_live_at":7,"first_published_at":12,"page_created_at":13,"published_at":12,"edit_url":14,"breadcrumbs":15,"seo":28,"body_blocks":36,"call_to_action":42,"categories":49,"labels":50,"owner":7,"authors":51,"related_pages":52,"related_sites":53,"in_subsite":54,"contact_page_url":55,"banner_message":56},20148,"portugal-change-the-policy-that-creates-a-nightmare-may-27-2013","Portugal -Change the policy that creates a nightmare -May 27, 2013",null,"","\u002Fwork\u002Fcollective-bargaining-agreement\u002Fupdates\u002F2013\u002Fportugal-change-the-policy-that-creates-a-nightmare-may-27-2013","pages.newspage","en","1969-12-30T23:00:00+00:00","2025-12-15T15:52:09.698545+00:00","\u002Fcms\u002Fpages\u002F20148\u002Fedit\u002F",[16,19,22,25,27],{"title":17,"slug":18},"World of Work","work",{"title":20,"slug":21},"Collective Bargaining Agreement","collective-bargaining-agreement",{"title":23,"slug":24},"Collective Bargaining Updates","updates",{"title":26,"slug":26},"2013",{"title":6,"slug":5},{"title":6,"description":8,"image":29,"canonical":30,"robots":31,"og_type":32,"twitter_card":33,"locale":11,"created_at":34,"last_modified_at":35},"https:\u002F\u002Fwageindicator.org\u002Fmedia\u002Fimages\u002FSocial_media_preview_image_-_2025.2e16d0ba.fill-1200x630.png","https:\u002F\u002Fwageindicator.org\u002Fwork\u002Fcollective-bargaining-agreement\u002Fupdates\u002F2013\u002Fportugal-change-the-policy-that-creates-a-nightmare-may-27-2013\u002F","index, follow","website","summary_large_image","1969-12-31T00:00:00+01:00","2025-12-26T21:56:14.273688+01:00",[37],{"type":38,"data":39},"raw_html_block",{"content":40,"variant":41},"\u003Cp>In his regular Blog in the New York Times Paul Krugman comments on a FT-publication about the difficult situation that Portugal is in. The classical answer to this kind of problems would be expansionary monetary and fiscal policy. Without its own currency this in no option. His alternative is a much stronger expansion in the euro area as a whole and higher inflation in the European core. Looser monetary policy could help achieve these things, and as much help as possible from fiscal policy too — not a situation in which austerity in the periphery is reinforced by austerity in the core.\u003C\u002Fp>\n\u003Cp>English: \u003Ca href=\"http:\u002F\u002Fkrugman.blogs.nytimes.com\u002F2013\u002F05\u002F27\u002Fnightmare-in-portugal\u002F\">http:\u002F\u002Fkrugman.blogs.nytimes.com\u002F2013\u002F05\u002F27\u002Fnightmare-in-portugal\u002F\u003C\u002Fa>\u003C\u002Fp>\n\u003Cp>\u003Ca href=\"http:\u002F\u002Fwww.ft.com\u002Fintl\u002Fcms\u002Fs\u002F0\u002F3278969c-c389-11e2-aa5b-00144feab7de.html#axzz2UlLacl1X\">http:\u002F\u002Fwww.ft.com\u002Fintl\u002Fcms ... \u003C\u002Fa>\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>\u003Cspan class=\"discreet\">For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) \u003Ca href=\"mailto:cbn-aias@uva.nl\">cbn-aias@uva.nl\u003C\u002Fa> or the communications officer at the ETUI, Mariya Nikolova \u003Ca href=\"mailto:mnikolova@etui.org\">mnikolova@etui.org\u003C\u002Fa>. For previous issues of the \u003Ci>Collective bargaining newsletter\u003C\u002Fi> please visit \u003Ca href=\"http:\u002F\u002Fwww.etui.org\u002FE-Newsletters\u002FCollective-bargaining-newsletter\">http:\u002F\u002Fwww.etui.org\u002FE-Newsletters\u002FCollective-bargaining-newsletter\u003C\u002Fa>. You may find further information on the ETUI at \u003Ca href=\"http:\u002F\u002Fwww.etui.org\u002F\">www.etui.org\u003C\u002Fa>, and on the AIAS at \u003Ca href=\"http:\u002F\u002Fwww.uva-aias.net\u002F\">www.uva-aias.net\u003C\u002Fa>.\u003C\u002Fspan>\u003C\u002Fp>","light",{"text":43,"link":44},"Contact us",{"title":43,"url":45,"description":43,"rel":46,"type":47,"id":48},"\u002Fabout\u002Fcontact","follow","internal",24590,[],[],[],[],[],false,"\u002Fwork\u002Fliving-wages\u002Fcontact-us","\u003Cp>Welcome to WageIndicator. Same organisation, same information, new look!\u003C\u002Fp>"]