The news that the Portuguese families are saving less due to the austerity measures that have been taken is bad news. This probably signals that, as Soros and Stiglitz are saying, the austerity measures have gone too far... The austerity measures should be aimed at reducing excessive spending and unproductive investment, but shouldn't impact savings - that are an important part of bank financing and thus of privat investment. A reduction of savings means a reduction of investment, growth and even public refinancing inside country boundaries. As so, this is actually very bad for the Portuguese economy - probably worst than any demonstration could sign.
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