Portugal Revamps Austerity Measures
The idiocy of it all. Like Holland in France, take the money from those who might 'stay' in Portugal and create jobs and take the capital that could create jobs. While simultaneously trying to keep the social spending and government workers up.
Oh, and don't even think about encouraging business in other ways - like the recent case where people tried to start a corporation but were hamstrung and gave up because of either the intellectually challenged or regulatorially challenged members of the Portuguese bureaucracy.
Friends in PT tell me of the senior executives being reassigned to positions outside of the country.
There is also talk of the 'two' communist parties joining forces. Can we say "un-business-friendly".
Of course, socialists and communists deride rewarding investors and entrepreneurs - but, when they get into power, they want any spoils that might accrue from saving, investing and risk-taking to accrue to themselves.
(Oh yes, as an aside, there are many, many very poor people in Portugal. One sees them every day. One of their few pleasures in life is a cigarette. So, of course, make them more-and-more out of reach to the poor.)
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