In spite of the considerable challenges facing the Portuguese economy and society, the progress achieved with the implementation of this strategy is already clearly visible today, particularly in the correction of the external imbalance.
Need for measures at European level to enhance the growth potential of the economy Compliance by a euro area country with the adjustment programme is a necessary though insufficient condition to ensure the success of the adjustment process. In fact, the ongoing adjustment effort at national level needs to be complemented by initiatives at European level that enhance its effectiveness.