Greece goes into default every few decades for the last many hundred years. So if they were to go a few hundred years without problems, then we can talk about i

Greece goes into default every few decades for the last many hundred years. So if they were to go a few hundred years without problems, then we can talk about improvements there for example. It's similar with Portugal, or anywhere else. That said, they had a much more recent Empire. Nothing substantial changes in 2 years or even 20, apart from a collapse in government, war, invasion ... or a major treaty with the rest of the EU, which I believe will do to them what NAFTA does to Canada: make Portugal permanently less well off than the rest of Europe, but have some kind of 'bottom baseline' standard of living. We can re-open discussion in a decade to see if there is real change. I did take a quick look into it though and it does look positive at least to some [1] [1] https://voxeu.org/article/turnaround-portuguese-economy https://voxeu.org/article/turnaround-portuguese-economy