Friday, April 15, 2011

A Dark Economy - an inside perspective
Many of my international readers should know that Portugal is seeking a rescue package. The reason for the bailout? Strange as it may seem: a green economy that has gotten dark, so much darker... Portugal will be the ONLY country in the World, according to the IMF (check out Table 2.2), that will have a GDP negative growth in 2012! José Sócrates, Environment Minister between 1999 and 2002, and Prime Minister since 2005, is the person behind this tragedy. His green vision has brought Portugal some recognition amongst greenies, but mainly a dark future!

Almost everything imaginable in this Green promise has gone wrong. Murphy's law at its best

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