The period initiated in 2002 coincided with the slowdown
of economic activity and with a new phase in fiscal policy whose main aim was to
comply with the Stability and Growth Pact’ (SGP) criteria (e.g. restructuring public
administration, freezing public service recruitment, non-renewal of fixed-term contracts
and possible greater mobility for civil servants), and in particular with budgetary balance (Cadeiras 2003). Since 2006, there has been a substantial increase in the
unemployment rate, particularly since 2008, when the economic and financial international
situation started to falter significantly.
The period initiated in 2002 coincided with the slowdownof economic activity and with a new phase in fiscal policy whose main aim was tocomply with the Stability and Growth Pact’ (SGP) criteria (e.g. restructuring publicadministration, freezing public service recruitment, non-renewal of fixed-term contractsand possible greater mobility for civil servants), and in particular with budgetary balance (Cadeiras 2003). Since 2006, there has been a substantial increase in theunemployment rate, particularly since 2008, when the economic and financial internationalsituation started to falter significantly.
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