Entries tagged "Portugal"

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Rules, rulebreaking and collective responsibility

Ambiguities in the rules do not exist just to take bureaucrats off the hook, but to provide some flexibility in an extremely dynamic world and to reflect complex underlying conditions. Continue reading

Posted on June 9, 2011 12:36 PM

Perplexed, bothered and bewildered

Portugal finds itself caught up in the woes of the euro zone, but many of its problems are uniquely its own or a product of its small size. Continue reading

Posted on June 18, 2010 2:04 PM

The rain in Spain

Its real problem: a spectacularly overbuilt real estate sector and the cajas de ahorros that funded it. The answer: consolidation, bailouts and some fervent prayers. Continue reading

Posted on May 14, 2010 12:58 PM

Face the music

Monetary union means some transfer of budgetary powers from national governments. The EU may not admit this, but it can't deny it, either. Continue reading

Posted on May 14, 2010 12:57 PM

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