The Man-i-fest, is an informed man

First)  Economically and financially,  The starting point of the two countries was extremely different: Ireland had a Sustainable and Working economy, during the past 10 years and Portugal hadn't.: More specifically: concerning the history of the past budget surplus/deficit's, debt, trade, interest rates, budget revenue in % of the GDP and % of Expenses in the GDP.   The following information can be built using data available @ the World Bank Website. Presenting Data: (to better view the graphic's info, please click on the image to enlarge it) Ireland is presented with the blue line , and Portugal with the red line. Budget surplus/deficit Budget surplus/deficit % of the GDP Government Debt Expense % of the GDP Interest Payment % of the GDP Revenue % of the GDP Central Government Debt External Balance % of the GDP GDP per capita, PPP Current account % of the GDP Resume: Throughout the last 15 years, Irela...

Why are we getting here, crises after crises. Is this a systemic reaction of the economy or is something more profound!? Could this mindset be embedded in our thinking through our "Written DNA" !?  1st Trade; 2nd Country; 3rd Growth; 4th Money; 5th Budget, 6th Markets; 7th Debt; 8th Savings; 9th Deficit The Graph Link The Reversed Sustainability Effect ... The reading of the results and the conclusion: Growth and Trade, they surpasses by far, Debt, Savings and Deficits. ► This is the current mainstream mindset▼ It doesn't matter how a country grows or how it will trade, as long as it does it with higher numbers, than it did in the previous period of comparison. That's why if a countries is accumulating debt and deficits in trade and in their budget, year after year, with a lower savings rate, and this is happening systematically. Accordingly to the mainstream governance opinion, it doesn't matter, as long as it continues to grow...

Google Ngram Viewer , great tool...!!!

The image and the data concerning the working papers presented in this post, were presented initially in our Webpage, here " Economics the Power of Numbers ". Concerning the Economic Data and the Monetary Policy, this presentation will concentrate the analyse in the years from 1990 to 2012. The Myth - Flooding the financial markets with money, will have, eventually, a direct impact or at least a substantial impact in the Real Economy, creating and promoting the conditions for countries to grow. The Following graphic presents the most important sets of monetary aggregates and their evolution since 1990 to 2012 Another view at the same set of data, for better understanding ... Notes: Data from China is presented divided by "3" and Japan divided by "100", in order to make visible the complete sets of data from the other aggregates. The objective is to present the trends and the evolution of the aggregates in percentage from 199...

GDP-FOR-EU ( Growth Driven Projects for the EU ) Want to promote growth, without stopping the necessary Fiscal and Budget consolidation? Restructuring the European economy, takes time and effort, work and sacrifices. Financial Markets work on anticipation, without effort. The difference between these two time-lines, don't favor a good job. "Uma Europa de Nações", Europe of Nations or "L'Europe des patries" (by General de Gaulle, in 1962)? yes!!! Everyone should really play their part...and they are not doing it...  The European Parliament (the center of EU democracy) should be able to also act and serve as the Board of Control/Verification for all national Budgets,  including  the EU Budget  A fully independent EU Board of Budgeting and control, can be achieved through the European Parliament. Would they dare to make it happen?  The European Commission should be the center of the EU policy, moving the Union forward, o...

Usually, myths are created by the ones who want to avoid doing something, because there is too much work involved, and they will not benefit from doing it, or because if they do it right, they will be affected negatively. 1st Myth - Arguing that more money will solve problems  The 1st myth statement - "Rich Countries and specially Northern European Countries, they spend a higher percentage of their GDP to support their Central government spending, and because of that, they have higher standards of living". The Facts Countries like: Switzerland 16%, Japan 18%, Canada 19%, Korea 19%, Australia 26%, United States 25%, Germany 31% and Sweden 32%, they have captivated a smaller amount and/or medium percentages of their country's wealth, for their central government spending, and they remain at the top of all indicators, as the best in the world concerning good standards of living for their citizens The Reality Good management,  and Sustain...