Luciano Amaral has just published the essay “Economia Portuguesa: As últimas décadas”, edited by Francisco Manuel dos Santos Foundation, which updates an X-ray of the national economy started in 2010. In the root of the problem of the Portuguese economy, it identifies the low productivity, arising from the protection of the non-tradable sector, to which the great post-revolution political projects are not unrelated: the welfare state, the European Union and the euro. And he advises: the return of dependence on the umbilical cord of European transfers to maintain a minimum pace of economic growth is no guarantee of sustained evolution.