Portugal’s bailout and the crisis of the European Union from a capability perspective
从阿马蒂亚·森的能力方法出发，分析葡萄牙纾困案例，揭示欧盟危机根源，并提出替代策略，适合研究欧盟经济治理与危机应对的学者。
The global financial crisis revealed the weaknesses of the EU integration process, in general, and of the Eurozone, in particular. The EU institutions responded to the crisis in an inadequate way, in the belief that government debt stabilisation had to be pursued before the economy recovers. This strategy was based on economic forecasting errors, exposing member-states to the speculative behaviour of financial markets, leading to the bailout of countries such as Portugal, and undermining the confidence in the single currency, in the European economy and in the European project itself. We analyse here the crisis of the European Union (EU) in light of the bailout of Portugal, and propose an alternative strategy for Portugal and the EU, drawing upon Amartya Sen's capability approach.