Do crescimento *

That means that Portugal, Spain and Italy, the three other problem countries in the south of the euro zone, must perform the magic trick of stimulating growth while reducing their budget deficits. That can only succeed with a lot of pragmatism -- austerity without growth is as pointless as growth without austerity. spiegel


"Italy, Spain and Portugal have -- unlike Greece -- competitive industrial sectors, a functioning public administration and a political consensus, admittedly fragile, that they have to pull themselves out of the mess they got themselves into by running up debts over years."


* ou da falta dele...