 Complete the following phrase:  The 20102014 Portuguese ficial crisis was part of the wider downturn of the Portuguese economy that started in 2001 and possibly ended in 201617. The period from 2010 to 2014 was probably the hardest and more challenging part of the entire economic crisis; this period includes the 201114 international bailout to Portugal and was marked by an intense austerity policy, intenser than in any other period of the wider 200117 crisis. Economic growth stalled in Portugal in 200102; following years of internal economic crisis, the international Great Recession started to hit Portugal in 2008 and eventually led to the country being unable to repay or refice its government debt without the assistance of third parties. To prevent an insolvency situation in the debt crisis, Portugal applied in April 2011 for bail-out programs and drew a cumulated 78.0 billion from the International Monetary Fund IMF, the European Ficial Stabilisation Mechanism EFSM, and the European Ficial Stability Facility EFSF. Portugal exited the bailout in May 2014, the same year that positive economic growth re-appeared following three years of recession. The government achieved a 2.1 budget deficit in 2016 the lowest since the 