domingo, 4 de maio de 2014
Portugal on track to exit the bailout programme - PM informs citizens
This is good news indeed crowning three long years of blood, sweat and tears for too large a number of people.
Of course the adjustment programme - as was implemented - had its effects felt unevenly across the board.
Yet again, those hit hardest by the draconian austerity drive were those who could least afford to on far too many instances.
It might be said that such is the logic of the system when countries/States have no money left in the kitty.
The punishing contours of invited rescuer-creditors are blind and oblivious to any existing social matters or public policies to tackle them.
Portugal's leadership should know better by now. Hopefully.
It won't take long before citizens find out if they - government and opposition - have learned anything at all.
About the country's fundamentals, excessive reliance on external finance and the huge burden of existing debt.
All capped by the Eurozone's straitjacket.
Despite many flaws in the European Monetary Union and the missing blocks of EU institutions and politics, it still rests with national governments to take good care of respective countries.
To take on internal vested interests permanently, engage with civil society and govern for the common man in the street.
Or has Democracy's original worth been entirely and irreversibly hollowed out?
Throughout the tough three-year period the government's primary concern was clearly to please the trio of creditors. Perhaps understandably to a degree.
It is yet to be seen whether a welcome shift of focus will set in from May 17 that does not compromise main balances.
Balances that should never have swung so deeply into the red in the first place!