Portugal's Banks Drive Eurozone Crisis, Deepening Recession with Coordinated Strategies.
The article examines how Portugal ended up needing a financial rescue during the Eurozone crisis in 2011. It looks at how the country's banks, the Bank of Portugal, and the European Central Bank played a key role in this decision. The study suggests that the strategies used to manage the crisis actually made the recession worse, and it wasn't due to a lack of European integration.