1. THE ECONOMIC CRISIS How the Portuguese press sees … … in Portugal

3. Portugal grows 1,5% and gets farther away from other peripheral European countries The Portuguese – among the least optimistic in the European Union EU is pressing Portugal to reduce the deficit Portugal is a different matter Christmas: Portuguese families are going to spend 575 euros

4. Portugal grows 1,5% and gets farther away from other European peripheral countries

5. Portuguese economy has grown 1,5% Better than other peripheral European countries Positive result in the present context Portuguese commercial deficit decreases Is it a sustainable tendency?

6. Christmas: Portuguese families are going to spend 575 euros

7. Portugal is going to spend more than richer countries More money spent on presents More concern with prices Smaller reduction in spending than in Ireland or Greece Christmas: an important celebration for the Portuguese

8. EU is pressing Portugal to reduce the deficit

9. The EU pressed Portugal to reduce the deficit Expenses mustn’t increase Consolidation measures must be implemented Deficit reduction must be higher A deficit of 4,6% is expected in 2011

10. Portugal is a different matter

11. Portuguese situation is different from the Irish Afraid of being affected by the Irish situation Banking is healthy enough Actions were taken in order to reduce the deficit Portugal is focused on keeping its own funding on the market

12. The Portuguese – among the least optimistic in the European Union

13. Better coordination to fight the crisis Portuguese show lack of confidence in governmental institutions Portugal is the second most pessimistic of the EU (62%) United Kingdom: the most pessimistic country 75% of the Europeans believe this measure will work

14. THE END