Tuesday 18 September 2012

Yes, Portugal lacks strategy

Let me fully agree and mirror Filipe de Botton's opinion - Portugal is nowadays a country dedicated to public finance and budgeting, without a growth strategy or agenda. I already said it several times, but let me stress it. Budgeting is only part of the problem - actually, I think that budgeting is just a surface issue. At its root, there is the massive uncompetitiveness of Portugal's economy. Growth would kick start employment, tax collection, internal and external economy. Growth would boost our GDP, dilluting deficit and debt. We need growth. And for that, we need a long-term strategy.

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