HEARD ON THE STREET: Greece's Moment of Truth - WSJ.com

HEARD ON THE STREET: Greece's Moment of Truth - WSJ.com

One clear policy change holding Portugal back is the socialist supportive labor policies.

The union workers think they are being protected, while they are actually being bled to death and denied the ability to grow.

But, there is probably nothing that can be done. All those job protections seem great until there are 'no' jobs.

Also, all those benefits seem great, until the employer leaves because it can't afford them and they are uncompetitive.

The incentives to more-than-just-get-by seem to encourage leaving Portugal rather than staying in Portugal and starting or expanding a business.

There seems to be a contagious 'free-lunch' disease that is a plague on developed countries that many Asian countries seem to be immune too.