The high unemployment rate in several european countries, especially amongst the youth, is a ticking time bomb for democracy stability. It is a problem we should all really start working on from now with real, deep structural measures.
Friday, 29 April 2011
Thursday, 28 April 2011
A partial view from a budget perspective
Accurate set of recent Portuguese budget history. Still, it doesn't take into account the main problem - the sluggish to null growth of the country and the absence of a strategy to bring it back to life.
Monday, 11 April 2011
A free lunch doesn't exist! Does it?
You go online. You find a bank that gets you a 6% interest rate on your deposit. That is strongly above current interest rates - do you believe it is risk free? Is there any kind of information telling you it is risk free? No? Then, you should take in the risk, as you are taking in the interest rate.
Still, what is a basic of investment banking and economics is not being addressed by The Netherlands and the UK on the Icesave issue. Those countries are demanding full compensation from deposits from Iceland, for their national investors - instead of the guaranteed percentage each deposit holder should get.
Am I wrong, or are they trying to get a free lunch?
Saturday, 9 April 2011
Now is the time
Portugal, now is the time! It is the time to start fixing our problems and do everything right - go for it!
Tuesday, 5 April 2011
Sovereign Debt toxicity
Interesting enough, we are nowadays experiencing a new kind of event in Portugal. Throughout Europe, there is an outcry that banks pursued an irresponsible loans policy, supporting irrational high-risk investments. That is, generally, what happened in Ireland.
Still, in Portugal, the situation is somewhat different - the active Portuguese banks purchased that is actually poisoning their financial position and jeopardizing their financing capabilities is actually Portugal's soveregin debt....
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