From Latin specula (lookout) and specere (observe, scrutinize) ...
«Graph of the Case-Shiller index values through 2008» Scintilla (Wikipedia)
After an higher degree of speculation around construction (public and private), real estate, banks and state in many countries with a bubble boom and a stupid game of winers and loosers, the crazy capital liberated in eighties of XX century, escape from the victims and put in evidence all them fragilities ...
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Ireland, Portugal and Greece under Troika influences
The incredible media that expand pejorative analyses about the victims of greed, with local corrupted and acultured players, supported fictions like that:
«Why Pigs Can’t Fly - Economists have a new theory as to why the porcine economies of Southern Europe are still so sluggish» Juliane von Reppert-Bismarck. Newsweek July 7-14, 2008
Blomberg Generic Government 10Years Yield Germany, France, Italy, Spain, Portugal and Greece (http://www.bloomberg.com/quote/GSPT10YR:IND/chart)
The attack over euro area was strong and the German conservative and liberals leaders without skills for leading European Union put more and more oil over fire until the moment that risks the core of Europe and European Central Bank said only in 2012 what could said since the begining: speculators you can´t do nothing because we are strong and united! Europe lost a lot of value and employers, speculators win a lot of money!
In May European Persons can vote against these kind of conservative and liberal incompetencies that prejudice Europe and it Persons and vote in the democratic alternative of Socialists and Democrats!
April 17, 2014
«Mr. David Lipton, First Deputy Managing Director and Acting Chair, said:
“The short-term macroeconomic outlook has continued to improve and the program is on track, underpinned by a sizable budgetary over-performance in 2013. The authorities remain committed to fiscal discipline and have fully specified the measures necessary to achieve the 2015 fiscal target. Efforts are ongoing to complete unfinished reforms under the program and further strengthen banks’ balance sheets. Portugal, however, still needs to address important challenges, as large financing needs leave the country susceptible to market volatility, and remaining bottlenecks to growth and competitiveness risk delaying the necessary rebalancing of the economy.
“Fiscal consolidation efforts must be sustained to set debt on a downward trajectory. In view of budgetary risks ahead, the authorities’ solid track record in implementing compensatory measures offers important reassurances. Nevertheless, close monitoring of budget implementation and further progress in the reform of pensions and public administration as well as in fiscal structural areas remain necessary.
“Steady commitment to advance the structural agenda is critical to raise Portugal’s growth potential. In many areas, reforms have yet to translate into effective change, calling for a medium-term strategy to tackle remaining rigidities in product and labor markets, while improving the business climate. New measures to promote orderly corporate deleveraging are also important to underpin a sustainable investment-led recovery.
“Continued vigilance in the financial sector is also needed. Recent initiatives by Banco de Portugal are welcome steps in this direction, including ongoing efforts to strengthen banks’ stress tests. Eurosystem’s liquidity continues to play a pivotal role in easing remaining funding constraints.
“In addition to strong program implementation, crisis management policies at the euro area level, including the commitment by the European leaders to support Portugal until full market access is restored, are essential to help the country remain resilient to shocks.”» http://www.imf.org/external/np/sec/pr/2014/pr14173.htm
«Graph of the Case-Shiller index values through 2008» Scintilla (Wikipedia)
After an higher degree of speculation around construction (public and private), real estate, banks and state in many countries with a bubble boom and a stupid game of winers and loosers, the crazy capital liberated in eighties of XX century, escape from the victims and put in evidence all them fragilities ...
uIreland, Portugal and Greece under Troika influences
The incredible media that expand pejorative analyses about the victims of greed, with local corrupted and acultured players, supported fictions like that:
«Why Pigs Can’t Fly - Economists have a new theory as to why the porcine economies of Southern Europe are still so sluggish» Juliane von Reppert-Bismarck. Newsweek July 7-14, 2008
The attack over euro area was strong and the German conservative and liberals leaders without skills for leading European Union put more and more oil over fire until the moment that risks the core of Europe and European Central Bank said only in 2012 what could said since the begining: speculators you can´t do nothing because we are strong and united! Europe lost a lot of value and employers, speculators win a lot of money!
In May European Persons can vote against these kind of conservative and liberal incompetencies that prejudice Europe and it Persons and vote in the democratic alternative of Socialists and Democrats!
«IMF Completes Eleventh Review Under an EFF Arrangement with Portugal, Approves €851 Million Disbursement»
Press Release 14/173April 17, 2014
«Mr. David Lipton, First Deputy Managing Director and Acting Chair, said:
“The short-term macroeconomic outlook has continued to improve and the program is on track, underpinned by a sizable budgetary over-performance in 2013. The authorities remain committed to fiscal discipline and have fully specified the measures necessary to achieve the 2015 fiscal target. Efforts are ongoing to complete unfinished reforms under the program and further strengthen banks’ balance sheets. Portugal, however, still needs to address important challenges, as large financing needs leave the country susceptible to market volatility, and remaining bottlenecks to growth and competitiveness risk delaying the necessary rebalancing of the economy.
“Fiscal consolidation efforts must be sustained to set debt on a downward trajectory. In view of budgetary risks ahead, the authorities’ solid track record in implementing compensatory measures offers important reassurances. Nevertheless, close monitoring of budget implementation and further progress in the reform of pensions and public administration as well as in fiscal structural areas remain necessary.
“Steady commitment to advance the structural agenda is critical to raise Portugal’s growth potential. In many areas, reforms have yet to translate into effective change, calling for a medium-term strategy to tackle remaining rigidities in product and labor markets, while improving the business climate. New measures to promote orderly corporate deleveraging are also important to underpin a sustainable investment-led recovery.
“Continued vigilance in the financial sector is also needed. Recent initiatives by Banco de Portugal are welcome steps in this direction, including ongoing efforts to strengthen banks’ stress tests. Eurosystem’s liquidity continues to play a pivotal role in easing remaining funding constraints.
“In addition to strong program implementation, crisis management policies at the euro area level, including the commitment by the European leaders to support Portugal until full market access is restored, are essential to help the country remain resilient to shocks.”» http://www.imf.org/external/np/sec/pr/2014/pr14173.htm
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