To keep it short and clear. The main differences between Portugal and Greece are:
- Public accounts transparency. Portugal has not an issue on public accounting credibility. Lets recall that Greece accounting is under fire for suspicious operations that enabled it to hide its mounting debt. That situation is not an issue in Portugal, with public accounting being considered regular by European autorithies;
- Time. Actually, one of the main differences is... time. If Portugal doesn't act NOW (and actually it should have done so years ago) in 5 years time, we will be in a similar situation to Greece. We need to control unproductive public expense and focus on revitalising the economy, choosing and investing in key industries.
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