10 Pecados Capitais das Finanças Públicasurl Monday, May 2, 2011
10 Pecados Capitais das Finanças Públicas
Extracted Page: http://theportugueseeconomy.blogspot.com/2011/04/ec-ecb-and-imf-are-they-going-to-look.htmlAre they going to look at the "10 capital sins" of public Finances?
The problem with the quick missions to devise a "memorandum of understanding" associated with a bailout in three weeks is that technicians from EC, ECB and IMF are, very often, not aware of the structural problems of the public finances in the particular country they are analysing. On the other hand their main advantage is that they have a fresh look from the outside. Governments and local politicians, who have been benefiting from the status quo, usually do not address these issues. The problems Portugal are facing today, apart from low economic gr
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