tag:blogger.com,1999:blog-3120478448417742445.post4713972806270481960..comments2024-03-24T06:35:14.281+00:00Comments on The Portuguese Economy: What to thinkEditorhttp://www.blogger.com/profile/16779405217168307855noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3120478448417742445.post-85190707310528503462010-10-13T00:55:12.283+01:002010-10-13T00:55:12.283+01:00You mean 7) and not 8). Ive read the book but than...You mean 7) and not 8). Ive read the book but thanks anyway. <br /><br />Regarding 8) the party is just beggining. Lets get ready to rumble!Gordon Gekkohttps://www.blogger.com/profile/05314685074906096059noreply@blogger.comtag:blogger.com,1999:blog-3120478448417742445.post-1450807742177037602010-10-09T11:24:50.711+01:002010-10-09T11:24:50.711+01:00I refer to my previous comment.
Not having been c...I refer to my previous comment. <br />Not having been cut surgery - nor smart - whichever comment from Gordon Gekko (ref. to point 8).José Sousa e Silvahttps://www.blogger.com/profile/08863024156474958053noreply@blogger.comtag:blogger.com,1999:blog-3120478448417742445.post-71745642314397755972010-10-04T14:50:14.701+01:002010-10-04T14:50:14.701+01:00on 8) Portugal defaulted 6 times since 1800 (4 in ...on 8) Portugal defaulted 6 times since 1800 (4 in the 1830s and 1840s, one in 1852 and another in 1892. The last two were partial defaults), whereas Spain defaulted 10 times or so (See K. Rogoff, This time is different...)<br />on 9) recall that back in the early 1980s there was neither VAT nor IRS, which made harder for governments to control their budgets on the revenue side.<br />ThanksPedro Lainshttps://www.blogger.com/profile/01119467002714419229noreply@blogger.comtag:blogger.com,1999:blog-3120478448417742445.post-73230946251554499412010-10-01T11:31:35.508+01:002010-10-01T11:31:35.508+01:00Pedro,
could you elaborate on your point 9? Which...Pedro,<br /><br />could you elaborate on your point 9? Which tools do you have in mind?Miguel Carvalhohttps://www.blogger.com/profile/10258543636382787768noreply@blogger.comtag:blogger.com,1999:blog-3120478448417742445.post-4832186925944846072010-09-29T10:55:23.474+01:002010-09-29T10:55:23.474+01:00Point n.º 5) might not be true also. If he wants t...Point n.º 5) might not be true also. If he wants to be able to say to the people that he did what was best for the country then maybe he should vote against the national budget plan (if indeed the government comes up with a plan to raise taxes again and to cut public expenses less than it should).<br />If he sticks firmly in his defense of the need to severely cut public expenses, and a political crisis is established if the government doesn't accept that, wouldn't that do more for our credibility (because someone in this country would finally be facing the beast) than to sustain in government people that have render themselves completely incompetents, unable to learn with their mistakes, out-of-pace with reality and even dishonest in trying to disguise and dismiss those flaws?<br />Politically, Coelho would also set a clear difference to the government and I personally believe that it would bring him the necessary votes to put him in charge in the next election. Furthermore, it would also give him the traction to enforce the big cuts once he got there.<br />If he chooses to simply abstain and let go a budget plan that doesn’t sufficiently meet his public demands (no raise in taxes, deficit control through public expenses cuts) then he will lose all of his already damaged credibility.<br /><br />GasparPipohttps://www.blogger.com/profile/14637328692316399261noreply@blogger.comtag:blogger.com,1999:blog-3120478448417742445.post-89165612449391942010-09-27T19:44:29.020+01:002010-09-27T19:44:29.020+01:00Concordo com o artigo e com o comentário ao ponto ...Concordo com o artigo e com o comentário ao ponto 7 feito por Gordon Gekko.<br />Não concordo com o comentário ao ponto 8 porque não estou a ver contestação social se o corte fôr cirúrgico, a saber :<br />- 356 Institutos Públicos ;<br />- 639 Fundações ;<br />- 343 Empresas Municipais e<br />- 87 Parcerias Público-Privadas,<br />perfazendo um total de 1.425 insaciáveis sorvedores do Erário Público muitos deles provocando uma verdadeira entropia e todos eles servindo, quiçá apenas, para arranjar "jobs for the boys".José Sousa e Silvahttps://www.blogger.com/profile/08863024156474958053noreply@blogger.comtag:blogger.com,1999:blog-3120478448417742445.post-43343443234746993912010-09-27T00:27:59.374+01:002010-09-27T00:27:59.374+01:00Analise interessante mas discordo completamente do...Analise interessante mas discordo completamente dos pontos 7 e 8.<br /><br />Em relacao ao ponto 7 sobre compromissos financeiros internacionais, nao entendo qual o background historico que suporta tal afirmacao. E' preciso relembrar que o pais defaultou varias vezes em 1800s e que so nao defaultou em 1920s porque para o bem e para o mal tivemos uma ditadura que teve como um dos seus compromissos principais cumprir todas as obrigacoes financeiras. Durante grande parte da 1a Republica andamos no limbo entre o default sendo ajudados recorrentemente pela comunidade internacional mas sempre com a corda na garganta.<br /><br />Se essa afirmacao tem como base a entrada do FMI nos anos 80 e' preciso notar que o ponto de partida em termos de divida sobre GDP, Deficit, e contexto internacional sao completamente diferentes para pior, especialmente depois dos ultimos 15 anos de governacao socialista (sim eu sei que o PSD esteve la'mas por pouco tempo e com tiques socialistas).<br /><br />Em relacao ao ponto 8 obviamente so nao houve protestos porque ate agora o nosso primeiro ministro decidiu nao mexer no lado da despesa,logo, nao mexer nos famosos direitos adquiridos. No minuto em que alguem (PS, PSD, FMI, UE...) comece a cortar na despesa, nao tenham duvidas que vai acontecer, a contestacao social vai comecar em forca.Gordon Gekkohttps://www.blogger.com/profile/05314685074906096059noreply@blogger.com