28/03/2011

Portuguese Government

The Socialist Portuguese Government fell last week as it failled to passover to the public the measures taken to reduce public spending. In fact what the politicians overlooked is the fact that the population of Portugal face a difficult situation caused by the Bankers and these same politicians. Unemployment well over the 11% Health care one of the worst and most expensive in Europe Education one of the worst in Europe Energy prices are one of the most expensive in the world (petrol, electricity, water, gas) Corruption according to local media is a daily happening Price fixing between companies for consumer goods and energy. The example of price fixing between energy companies happens on a weekly basis without no reason, the example shown by WorldWatch is the final consumer price motorists pay at the petrol pump, consumer prices go up everyweek, Last week petrol prices dropped in some cases by 2 cents per litre, only to increase this week by 2,5 cents in all companies working in Portugal, Galp, BP, Repsol and Cepsa. All these companies practice price fixing... This alone will further sink Portugals economy deeper into recession as the population have no money to support any growth. Petrol consumption will decline by 13% this year alone…

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