National Press Club

Portugal needs entrepreneurial spirit to dig out of crisis, finance minister says

March 25, 2012 | By Peter Hickman |

For Portugal to emerge from its economic troubles, the Eurozone country must create an environment that encourages entrepreneurship and adjust is financial regulations, Finance Minister Vitor Gaspar said March 19 at a Newsmaker event.

While most Portuguese lead a "reasonably comfortable life", Gaspar said he is disappointed in the nation's slow economic growth. He said the government's new privatization efforts will aid the recovery. Portugal's export base is growing, which will also improve the country's international competitiveness, he said.