Economia
Num artigo de Roubini (via Sedes) no qual ele refere que :
"For the Club Med members of the euro zone – Italy, Spain, Greece, and Portugal – public-debt problems come on top of a loss of international competitiveness. These countries had already lost export-market shares to China and other low value-added and labor-intensive Asian economies. Then a decade of nominal-wage growth that out-paced productivity gains led to a rise in unit labor costs, real exchange-rate appreciation, and large current-account deficits.
The euro’s recent sharp rise has made this competitiveness problem even more severe, reducing growth further and making fiscal imbalances even larger. So the question is whether these euro-zone members will be willing to undergo painful fiscal consolidation and internal real depreciation through deflation and structural reforms in order to increase productivity growth and prevent an Argentine-style outcome: exit from the monetary union, devaluation, and default. Countries like Latvia and Hungary have shown a willingness to do so. Whether Greece, Spain, and other euro-zone members will accept such wrenching adjustments remains to be seen."
Esta referência vem confirmar que infelizmente Portugal tem vindo a ganhar uma notoriedade muito pouco desejada e em segundo lugar demonstra que, como refere Pedro Lains, existe um consenso muito alargado quanto ao diganóstico da situação. Infelizmente o prognóstico não é o melhor e o tratamento promete ser penoso, o que não significa que não sejam também eles cada vez mais consensuais como o atesta este post de Ricardo Paes Mamede nos Ladrões.
- Portugal, A Seguir à Grécia
No New York Times Debt Crisis Watch Turns to Portugal em destaque no Google. O texto é uma descrição terrível da situação económica e financeira portuguesa. Alguns exemplos: Portugal e a Grécia são os países com a mais baixa taxa de poupança...
- Boundaries
• Taking the data at face value, we find that GDP growth in the 4 quarters up to 2Q2012 has slowed down to 1.2%, while employment growth during the same period reached 1.9%, developments that suggest productivity coming down by 0.7%;• That...
- A Orígem Da Crise Europeia
To Thrive, Euro Countries Must Cut Welfare State By Fredrik Erixon "...Take the four countries at the epicenter of the euro-area crisis: Greece, Ireland, Portugal and Spain. They are in many ways different, but they have three important characteristics...
- Foi A Alemanha Que Mais Ganhou Com O Euro
Empirical and Thematic Perspectives Germany’s “Windfall” from Euro-Area Membership and European Imbalances In an essay published last week, we argued that European monetary union, coupled with Germany’s extraordinary wage restraint, has...
- Crise Da Dívida Soberana Na Europa - Mapa Interativa
European economies Europe's deepening crisis Nov 10th 2011, 17:48 by The Economist online THE interactive graphic ... (updated November 10th 2011) illustrates the depth of the problems that the European economy faces. The euro-zone crisis reached...
Economia
Um artigo do Roubini
Num artigo de Roubini (via Sedes) no qual ele refere que :
"For the Club Med members of the euro zone – Italy, Spain, Greece, and Portugal – public-debt problems come on top of a loss of international competitiveness. These countries had already lost export-market shares to China and other low value-added and labor-intensive Asian economies. Then a decade of nominal-wage growth that out-paced productivity gains led to a rise in unit labor costs, real exchange-rate appreciation, and large current-account deficits.
The euro’s recent sharp rise has made this competitiveness problem even more severe, reducing growth further and making fiscal imbalances even larger. So the question is whether these euro-zone members will be willing to undergo painful fiscal consolidation and internal real depreciation through deflation and structural reforms in order to increase productivity growth and prevent an Argentine-style outcome: exit from the monetary union, devaluation, and default. Countries like Latvia and Hungary have shown a willingness to do so. Whether Greece, Spain, and other euro-zone members will accept such wrenching adjustments remains to be seen."
Esta referência vem confirmar que infelizmente Portugal tem vindo a ganhar uma notoriedade muito pouco desejada e em segundo lugar demonstra que, como refere Pedro Lains, existe um consenso muito alargado quanto ao diganóstico da situação. Infelizmente o prognóstico não é o melhor e o tratamento promete ser penoso, o que não significa que não sejam também eles cada vez mais consensuais como o atesta este post de Ricardo Paes Mamede nos Ladrões.
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- Portugal, A Seguir à Grécia
No New York Times Debt Crisis Watch Turns to Portugal em destaque no Google. O texto é uma descrição terrível da situação económica e financeira portuguesa. Alguns exemplos: Portugal e a Grécia são os países com a mais baixa taxa de poupança...
- Boundaries
• Taking the data at face value, we find that GDP growth in the 4 quarters up to 2Q2012 has slowed down to 1.2%, while employment growth during the same period reached 1.9%, developments that suggest productivity coming down by 0.7%;• That...
- A Orígem Da Crise Europeia
To Thrive, Euro Countries Must Cut Welfare State By Fredrik Erixon "...Take the four countries at the epicenter of the euro-area crisis: Greece, Ireland, Portugal and Spain. They are in many ways different, but they have three important characteristics...
- Foi A Alemanha Que Mais Ganhou Com O Euro
Empirical and Thematic Perspectives Germany’s “Windfall” from Euro-Area Membership and European Imbalances In an essay published last week, we argued that European monetary union, coupled with Germany’s extraordinary wage restraint, has...
- Crise Da Dívida Soberana Na Europa - Mapa Interativa
European economies Europe's deepening crisis Nov 10th 2011, 17:48 by The Economist online THE interactive graphic ... (updated November 10th 2011) illustrates the depth of the problems that the European economy faces. The euro-zone crisis reached...