Tag Archives: 'economy'
Paulo Portas (conservative CDS) increases his power in a Government reshuffle but Passos Coelho (centre-right PSD) has him on a tighter political leash. It remains to be seen if the pieces of the coalition can be stuck together again.
The summer economic bulletin estimated that gross domestic product (GDP) would shrink by 2% this year, compared to an original growth forecast of -2.3%, and 0.3% next year, while the earlier forecast for next year had been 1.1%.
Paulo Portas emphasises job creation and helping businesses as solid agreement secured .
Portugal’s government will fall, even if it limps on for a few days or weeks. The country is rushing towards the edge of the cliff and an abyss. The main members of the Government have chucked all the hard-fought successes of the last two years into the rubbish bin at the cost of the people’s suffering.
The accord with Germany is for now to have a three-year term, and that its main aim is to make it easier for citizens of the two countries to work or train in the other.
The scheduled service begins on Tuesday with two daily services in each direction and tickets are to cost less than €15.
The indicator for confidence in the economy continued to improve somewhat in May while the private consumption indicator lessened the extent of its fall in April.
The National Statistics Institute revised down Portugal’s first quarter GDP, showing a decrease of 4% compared to the same period last year. This was the second biggest drop since records began.
The simplified corporate tax system would be optional for small and medium-sized enterprises.
There is a reason why zebras have no ulcers: imagine that, from the time the troika arrived, the bodies of the Portuguese reacted to the anxiety of austerity like a zebra running away in fear from a lion. We are dominated by fear