Friday, December 2, 2011

Nightmares instead of solutions

Seguro: Passos dá "pesadelos" em vez de "soluções"

translated:

Seguro: Passos provokes nightmares instead of providing solutions.

Hat tip to "O Expresso"

Seguro, is Mr. Seguro, the chairman of the Socialist Party.  Passos is Mr. Passos Coelho, the Portuguese prime minister.

For the first time Mr. Seguro says something that makes sense to me.  It probably happened by accident, but let us give the gentleman the benefit of uncertainty.

What Mr. Seguro refers to by "solutions" is the complete lack of structural reforms presented by the government.  All measures presented so far, are stop gap measures, that will worsen the economy instead of improving it.  However, Mr. Seguro is probably not really in favor of the necessary structural reforms.  Him and his party prefer taxing instead of limiting the expenses.  So his arguments are curious at the very least.

Concerning "nightmares", Mr Seguro refers to the recent interview with the prime minister.  For the first time in recent time, I can record, Mr. Passos Coelho gave something that with a little flexibility could be considered a message to the Portuguese people.  About time - I say!

Back to nightmares.  The prime minister during the interview would not rule out further austerity measures in 2012 if it becomes necessary.  He would not rule out one of the measures being the loss of the subsidies (15% of the salary consisting of the 2 extra salaries every year) in the private industry.  Presumably by increased taxing.

What the politicians will do - I have no idea.  Their brains are wired differently from that of human brains.  But I can practically guarantee you, that further austerity measures will become necessary in 2012.

- - -

As an aside I present you the photograph from when Mr. Seguro made the statement:

Hat tip to "O Expresso"
Is it just me?  I consider the colors absolutely psychedelic.  They could give me nightmares.  Looks like something out of what I imagine a LSD trip looks like.   It goes with our continuous nightmare of the Portuguese collapse.  So I suppose I cannot blame the designers...   

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