I agree with Selassie when he says that Portugal needs to implement the adjustment program. But I can't accept that he doesn't mention that the prime mistake of this program is its deployment, focusing more on taxes than on Public Spending cuts (hence the way it is overburdening the economy). And I disagree on one key point - we need to start investing for growth in our key economic clusters.
Like all macro-economists, Selassie forgets about the micro world - which is actually the key to get over this crisis.
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