The Portuguese Government Cabinet Crisis

Two days ago, the Portuguese Finance Minister Mr. Victor Gaspar presented his resignation to the Prime-minister Mr. Passos Coelho by means of a letter which turned out to be published by the media. In that public letter, Gaspar recognized his failure to deal with the finance and economic crisis due to a bad strategy adopted…

There’s a war going on between Germany and Portugal

Germany has declared an economic war against Portugal. Nobel Prize Paul Krugman, addressing to the Portuguese people, put it simply: “Just say No!” The intention of Germany is to humiliate Portugal and the Portuguese people. From Germany’s side, there’s no interest to solve economical and financial problems anymore: Angela Merkel’s wishes toward Portugal became part…

OECD is publishing reports before publishing those reports

Some Portuguese newspapers which are ideologically connected to the “Goldman Sach’s government” of prime-minister Passos Coelho, seem to know, today and in detail, the contents of technical economical reports demanded by the Portuguese government to IMF and/or OECD, although those reports will be issued in three months time from now. This may seem absurd, but…

Corporations taxes cutback in Portugal

The Finance Minister of Portugal, Victor Gaspar, is planning lowering the Portuguese corporations tax to 10%, from 2014 onwards, in order to boost the Portuguese economy. A think tank has been created by the Portuguese government to establish the best strategy to implement that tax lowering, bearing in mind that the European Union, led by…