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Portugal benefited from joining the EU in the same way that all the other countries did. They were able to

-share in the benefits of the 4 Freedoms (free movement of goods, services, labor, and capital)

-be safe from war with other European countries

-consider joining the EuroZone/adopting the euro as their currency, which has many benefits like

-being part of a strong and stable international currency union with high investor and consumer confidence

-having ensured protection by larger and more successful countries

Anyway, those were the benefits that they took advantage of in 1986. Now, because the euro is much less stable and holds less confidence, there are not as many benefits. So, in fact, joining the EU and subsequently, the EuroZone, was not nearly as profitable as Portugal may have originally calculated.

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14y ago

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