.. Portugal needs to step up and reinforce budget consolidation efforts through more substantial spending cuts, and also to enact structural reforms conducive to greater economic freedom, more competition, lower taxes and reduced levels of corruption and cronyism, which continue to be pervasive. To achieve this, internal political stability and the credibility and commitment of the Portuguese government will be essential. Equally important will be the external incentives coming from the eurozone: any sign of debt mutualisation at the European level or increased direct intervention by the ECB in debt monetisation is likely to reduce even more the prospects for the enactment of meaningful structural reforms.
Quarta-feira, Agosto 15, 2012
o caminho de fuga do socialismo
Portugal has made progress but needs bigger spending cuts and radical structural reforms por André Azevedo Alves: