Book notes: O Governador, by Luis Rosa

Documents Carlos Costa’s clashes with Portugal’s elite during the eurozone sovereign debt crisis

O governador, by Luís Rosa

Luis Rosa, O Governador, D.Quixote, November 2022, 372 pages

After a tumultuous decade, the Portuguese economy finally entered a period of stable and rapid growth in 1985, with accession to the European Communities. As advanced economies were experiencing the post-Volcker ‘great moderation’, Portugal experienced a ‘great convergence’, making up for its chronic underdevelopment, the legacy of decades under authoritarian dictatorship. 

Rapid convergence gave way to stagnant growth in the early

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