The worst point on the "enormous tax increase" in Portugal is that nobody believes it will work. The contraction on spending will be too high and we will only be supporting noneffective public administration spending - it actually is a very communist scenario, and we all know how well that worked... The only solution for the Portuguese problem is to attack the problem at its root (strongly cutting public daily spending) and to generate and follow a growth strategy. That is not being done. And that is why Portugal will fail. Sadly true.
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"This is where I want to seriously comment on the news that are coming on the press, about the World, but primarily about Portugal. Don’t doubt, this will be about politics, economics and society. And, especially, about my personal views on those."
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October
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- How severe was Sandy?
- Please, tell me!
- Are Portuguese only complaining about the economy?
- Good news for the Portuguese language
- Nobel Peace Prize 2012 - the European Union
- Major disappointment
- Supporting (and challenging) João Salgueiro's words
- Austerity multipliers failing
- That would be good news
- It won't work
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