Wednesday 8 June 2011

It was not only 2010 that has been wasted


Banco de Portugal (Portugal's central bank) has published a report, stating that 2010 has been a lost year for the Portuguese economy, as the much needed macro-economical reforms were not done. Actually, let me just give my 2 cents on this - it was not only 2010 that has been wasted. It really have been the last 10 years (my personal opinion, since Sousa Franco - Mateus - Guterres Government). And iof Portugal couldn't afford to waste a single one of those years, now, this is even a more urgent, undeniable truth - Portugal is no condition to delay the necessary economical and structural reforms, not even by a single month. They should start now!

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