Publicado por: bulimundo | Novembro 4, 2011

Leonard Cohen – Who By Fire (Live 1988) …..


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  1. PUBLIC DEBT SIZE, COST AND LONG-TERM SUSTAINABILITY:

    PORTUGAL VS. EURO AREA PEERS

    Conclusions
    Overall, since the beginning of the decade public debt in Portugal has been increasing. Although fiscal imbalances were on a correction path since 2005, this has been interrupted in 2008.
    The recent financial crisis has put government finances under pressure all around the globe. Portugal is not an exception: the European Commission forecasts a budget deficit of 8% for this year, and a public debt rising to around 90% of GDP by 2011.
    This note highlights that, while the picture is indeed deteriorating, when compared with other euro area countries it is not too bleak. Interest payments as a percentage of tax revenues have not increased until 2009, and the prospects for the next two years place this measure below the levels in Belgium, Greece, Italy and Ireland.
    In terms of long-term sustainability, the recent EC report pointed out the positive effects of the Portuguese Social Security reform, which placed Portugal in the group of countries with the lowest required adjustment to fulfill its long-term obligations related with an ageing population.

    November 2009

    Click to access NI_20100120_Portugal_vs_peers.pdf

    (Alguns gráficos interessantes!)

  2. Pois… afinal nem tudo é o que parece..aliás nada é o que parece…


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