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A report released in January 2011 by the Diário de Notícias and published in Portugal by Gradiva, had demonstrated that in the period between the Carnation Revolution in 1974 and 2010, the democratic Portuguese Republic governments encouraged over-expenditure and investment bubbles through unclear Public–private partnerships and funding of numerous ineffective and unnecessary external consultancy and advisory of committees and firms. This allowed considerable slippage in state-managed public works and inflated top management and head officer bonuses and wages. Persistent and lasting recruitment policies boosted the number of redundant public servants. Risky credit, public debt creation, and European structural and cohesion funds were mismanaged across almost four decades.
Portugal