quarta-feira, abril 13, 2011

O ataque a Portugal

Este texto do NY Times é obrigatório.

"PORTUGAL’S plea for help with its debts from the International Monetary Fund and the European Union last week should be a warning to democracies everywhere. "


(...) Portugal’s crisis is thoroughly different; there was not a genuine underlying crisis. The economic institutions and policies in Portugal that some financial analysts see as hopelessly flawed had achieved notable successes before this Iberian nation of 10 million was subjected to successive waves of attack by bond traders.

(...) The crisis is not of Portugal’s doing. Its accumulated debt is well below the level of nations like Italy that have not been subject to such devastating assessments. Its budget deficit is lower than that of several other European countries and has been falling quickly as a result of government efforts. (...)

Domestic politics are not to blame. Prime Minister José Sócrates and the governing Socialists moved to cut the deficit while promoting competitiveness and maintaining social spending; the opposition insisted it could do better and forced out Mr. Sócrates this month, setting the stage for new elections in June. (...) "

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