21/02/2011

Poor Economies

One of the most expensive final consumer prices for petrol is in one of Europe’s oldest and most poor economies ...Portugal...
Filling a car with Regular 95 Octane is now a staggering 1,56€ per liter, until the start of the middle east unrest there was no need for the consumer petrol price to be inflated 20% above the real crude market price.
Portugal is in a recession that will be aggravated even further by rising prices which include, coffee, soft drinks, electricity, water and the announced 10% increase in the price of bread, not to mention that the petrol companies Galp.BP, Repsol and Cepsa inflate prices in a weekly basis according to the monopoly of the government and these same companies.
Petrol prices in Portugal are the most expensive ever, in a country were the unemployment passes the 11%, education is one of the worst in Europe, health care appalling, if this continues civil unrest will no doubt happen.

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