The European Union’ recipe for the disaster of the Portuguese economy

“Portugal, a member of the EU since 1986, is rapidly losing its population due to significant emigration. In terms of the economic indicators Portugal is approaching the level of the least developed countries in the Eastern Europe. The decline became particularly rapid three years ago, when Portugal began to receive financial assistance from the EU. Isn’t it an odd coincidence?

The country is deteriorating politically, economically, and morally. Public debt and unemployment are on the rise, and increasingly more able-bodied people of reproductive age are leaving the country. According to the data by Observatório da Emigração, since 2008 about 400,000 people left Portugal, it terms of the percentage of the total population (10.6 million people) this is the second maximum rate in Europe after Malta with a population of just under one million. The country has lost a fifth of its resources in the skilled labor segment.”

EU aid destroyed Portugal

mangualde web

The Quiet and Small City of Mangualde, Portugal

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