"Some 485,000 Portuguese, particularly young university graduates, left the country during the crisis to try and find opportunities abroad. [...] Around 60 percent quickly returned."<p>The emigration numbers are real (actually, they're conservative), but them returning is patently false.<p>The portuguese are notorious for making the best out of the worst, and Portugal is still an european country abeit the crisis. But there's a government election tomorrow. Speaking of economic "miracles" which the average joe has trouble seeing, reeks of "troika policies worked" propaganda.
There has been a minor uptick in foreign investment, but you have to squint really hard to see it:<p><a href="https://en.santandertrade.com/establish-overseas/portugal/foreign-investment" rel="nofollow">https://en.santandertrade.com/establish-overseas/portugal/fo...</a><p>And FDI stock is down.<p>The Portuguese are resourceful and they are trying to make the best out of a bad situation. Nevertheless, nothing in the data justifies the title "The Portuguese Miracle: Young Entrepreneurs Lead Country Out of Crisis". This is just more of the same German propaganda that's been trying to justify austerity for the last 6 years. The phrase "One size fits one" applies to monetary policy in Europe: monetary policy has been adapted to German needs, at the cost of great pain for the rest of Europe.