Portugal Basks In Post-Bailout Economic Revival
Portugal's economy has rebounded dramatically since its European Union bailout in 2011. Wages are up and unemployment down. What's surprising is that this happened only as austerity was canceled.
Just six years after Portugal's 2011 financial bailout sparked protests and sent the country's young people abroad in search of work, the country is experiencing an economic revival.
Mario Mouraz was one of those who left Portugal looking for work. Now, after three years abroad, he's back, selling his own software to Lisbon hotels in the middle of a tourist boom.
Mouraz, 28, is the co-founder, a tech startup that helps hotels maximize occupancy. He and his company are part of two new trends — fresh entrepreneurship and an uptick in tourism — that have fueled Portugal's economic recovery.
