Thursday 17 May 2012

1 year of troika

17 May 2011 - one year ago - the Memorandum of Understanding was signed and Portugal entered the financial rescue mode.

A year after we have
- new government, and a relatively large political consensus on the complying with the commitments set in the Memorandum, including the main opposition party
- lower wages - both in civil service, as the Government imposed a wage cut, and private sector (either negotiation of lower wages or through unemployment spells, taking lower paid jobs
- unemployment at historically high levels
- emigration rising again to levels unseen in peaceful
- public budget cuts
- price increases (transports, electricity)
- tax increases (both income and VAT) (tourists can still have back VAT, under certain conditions)
- give away 4 holidays (two historic dates + two religious dates)

but we also have
- sun and 30º C in May
- good roads and highways (though, rather empty ones, but hey, they are there to use)
- summer music festivals - Bruce Springsteen, Bryan Adams and Stevie Wonder will be at Rock in Rio
- good food, even if we take smaller portions
- waves
- exports growing, and to non-traditional markets
- GDP fall was smaller than expected this term (though one number is not yet a change in trend).

And if you want to keep tracking some key numbers in main areas of change under the memorandum of understanding, follow what our students are doing here.

7 comments:

  1. one year of perestroika?

    sokratestroika + passitroika = 366 dias?

    já?

    emigration rising again to levels unseen in peaceful in peace time ? in peaceful quê

    boçês além do anglo tico e teco
    dignus do sokratistão

    Immigration prá chatear os gaijos da hollanda de hollande já começou em força em 2007 migratio to swisse desde 2005 e Angola desde o fim da guerra
    to levels unseen deve ser os tempos dos brilhantes do brasileiro

    escrever in anglo-sax ou anglo-sex de sussex is the act of foreigners passing or coming into phrases of idiotic ascent y descent to abyssum tuo

    a country of unseen peaceful for the purpose of permanent pax residence?

    há cá pisces?

    tá catastroiko mesmo só não imigrou pra rainha elizabeth quem nã sabia pidgin english

    ass ass i nado: Johny Anglixo

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  2. relegio is historic nã é histérico ?

    A.D. 2012 ó dominus meo is a relegio or historica data?

    in god we trust os tristes trusts

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  3. if you want to keep track of some key wings

    tracking tracking tracking ...shit no KFC wings boy...

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  4. Link is now working (at least in my computer), sorry for the inconvenience

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  5. Tendo em conta os números das exportações/importações de Março de 2012 será previsível atingir o equilíbrio a muito breve trecho?

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  6. Equilíbrio já já em Agosto mas o 0 está no lugar errado escreve-se 2102
    ou é Agosto de 2021? Nã deve ser 2102 espero ansiosamente pelo dia do equilíbrio comprei já uns foguetes chineses para celebrar.
    sempre são mais baratos que os nacionais

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