fbpx
Log in

Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *

Troika report goes gently on Portugal's poor performance

eumapThe European Commission has released a report in which the authors have been delicate in expressing that Brussels is quite aware that Portugal has really been making very little effort at all in reducing the burdensome number of employees on the state payroll.

The financial overspend created by the lack of government payroll savings has been ameliorated by record tax receipts from the public but this was not part of the agreed Troika plan and Portugal's government needs to address this imbalance.

With the skill of a headmaster writing a report on a duff pupil to fee paying parents, Brussels gently noted that "the implementation of public administration reform is progressing, but with a slower pace and with a lower financial impact than originally expected."

This is reminiscent of Emperor Hirohito’s speech on Japan’s surrender in WWII “...the war situation has developed not necessarily to Japan's advantage.”

The first evaluation of the post-programme 'Troika' period showed Brussels 'regretting the lack of effort' but stopping short of pointing out that government’s dithering when there are cuts to be made and its refusal to face up to the unions and thereby risk losing votes with an election coming up in 2015.

Pin It

Comments  

-1 #2 Darius 2014-12-23 18:41
overall the pace of structural reform appears to have diminished considerably since the end of the Programme, in some cases reversing past achievements ... (and) there is a need to more systematically monitor and evaluate the impact of reforms.

This is the truly scary bit. Reversing past achievements and no effective monitoring or evaluation of what should be happening to better Portugal.

Reminding ourselves that this is 'diplomatic speak'. So polite, discrete hints. Nothing from the Gorbals here.

And we also have another basket case at the other end of the Med, Greece about to melt down - again.

A good start to 2015 !
-1 #1 Mr John 2014-12-23 02:57
Remember this is Portugal,, about 35 years behind the rest of the world, please don't make me laugh, :D ''as i waited 1 hour to ask a question in my bank today, I and three others (elderly) had no chairs to sit, had to wait as the lady at the service counter finished with her client grabbed her bag and left, came back an hour later and we were still there, would all the people leaving this country please take me with you.

You must be a registered user to make comments.
Please register here to post your comments.