There are many ways to play one's hand, but in order for Portugal to succeed I believe they need to do the following: 1]Dispose of the Euro and revert to a domestic currency, 2]consolidate all their debt through a long term loan from the IMF with favorable terms, 3] execute a fiscal stimulatory package, combined with smart austerity, 4] and last but not least, achieve political stability through strong leadership.
Portugal is going through a very bad economically, as well as long-term production lacks the tools to overcome the crisis.
ReplyDeleteHere is an economic analysis of the crisis in Portugal:
http://blogjaviervega.blogspot.com/2011/03/bailout-for-portugal.html
Greetings.
There are many ways to play one's hand, but in order for Portugal to succeed I believe they need to do the following:
ReplyDelete1]Dispose of the Euro and revert to a domestic currency,
2]consolidate all their debt through a long term loan from the IMF with favorable terms,
3] execute a fiscal stimulatory package, combined with smart austerity,
4] and last but not least, achieve political stability through strong leadership.