This is a doom loop being exacerbated by the on-going fiscal austerity. The other point is that while the nation is not in recession yet, there is a reluctance to invest in new productive capital […]
Part-time “underemployment” has, statistically replaced the mass unemployment we remember from the 1980s. As Johnson says: “A majority of people who are classified as poor now live in a household where someone is in work. […]
Ín 2014 Portugal’s Central Bank bailed out the Banco Espírito Santo, S.A with 4.4 Billion Euros. Banco Espírito Santo, was, as so often the case when banks are “saved”, split into a bad bank with all […]
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