Talk:Economy of Portugal
|WikiProject Portugal||(Rated B-class, Top-importance)|
|WikiProject Economics||(Rated C-class, Mid-importance)|
The article says Portugal's GDP is larger than that of Spain or Ireland. This wikipeida entry ) provides the IMF, World Bank and CIA GDP lists, all of which show Portugal ranking as 36th or 35th in the world, below all other West European nations. Gaintes (talk) 12:20, 23 July 2008 (UTC)
This page needs editing. It is written in bad English.
Public debt compared to GDP
The article says that the public debt is 60% of GDP and concludes this is a problem. I've checked the biggest economy in the world, the US and there the public debt is 84% of GDP. Source .
BTW, the same source puts the Portuguese ratio at 48% .
This is in sore need of rewriting and updating
Portugal breached the deficit by over 6%. PM Jose Socrates has taken all sorts of austere measures and continues to feel the heat from the people.
Portugal's budget deficit stands at 6.2 percent of GDP, more than double the three percent limit imposed by the EU's Stability and Growth Pact, which acts as the fiscal rulebook for the block. http://www.eubusiness.com/Finance/050920114507.2m2b6zsg
Protests mount in Portugal over government austerity measures
Portugal on Friday faced further protests and strikes by teachers, nurses, police and other state workers over government spending cuts to trim a bulging public deficit that far exceeds European Union budget limits.
Some 35,000 striking Portugese civil servants from across the country demonstrated in Lisbon on Thursday against Prime Minister Jose Socrates' plans to curb their pension and health benefits and union officials said more protests were coming. http://www.eubusiness.com/Employment/051021130230.ze69k8w0
There's so much more. I plan to revise this to reflect the reality of today. Maluka 03:48, 1 November 2005 (UTC)
Misuse of words
A user asked what "sinistrality" meant, it's used in describing the terrible drivers and it means "preference for using the left hand". I don't understand why regular English words aren't used. It appears often that someone is using Bablefish and anyone that's used that to translate Portuguese to English and vice versa knows it's a joke.
A Portuguese opinion
I am a Portuguese student and a member of the Portuguese Wikipedia and I would like to ask why the measures taken by Socrates' government are so popular in this artical!
First of all, action against the economical situation has been being taken since the government of José Manuel Durão Barroso, the present President of the European Comission. Besides minister Teixeira, two other finance ministers: Manuela Ferreira Leite and Bagão Félix; took measures about this situation.
Moreover, the action taken by the current govenment is widely criticised by the Portuguese media and public opinion. Although these measures are actually reducing the Portuguese Public Debt they are also said to be asphixiating the economy. The matter of the fact is that Socrates' politics are too focused in incoming (taxes...) and dimly preventing the State's overspending.
It strikes me that the aformentioned points should mentioned in this article.
Tomás de Noronha
P.S. Don't look at my English as it's not my native language...
- You may be right in a number of points. I will remove some paragraphs that already are in the article of the current prime minister, and I will remove some topics which do not belong to current day situation but to the past. Page Up 04:34, 4 September 2007 (UTC)
Wrong in Trade Partners
According to the CIA Factbook (2008), the main trade partners of Portugal are:
A. EXPORT PARTNERS: Spain (27%), Germany (13%), France (12%), UK (6%)
B. IMPORT PARTNERS: Spain (29%), Germany (13%), France (8%), Italy (5%), Netherlands (4%)