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Jornal de Notícias - Portugal | Tuesday, May 4, 2010

Portugal must learn from Greece's crisis

The harsh austerity measures in Greece and the drastic impact on people there should serve as a lesson for Portugal, the daily Jornal de Notícias writes: "What is happening now in Greece should serve as an example for Portugal and the Portuguese and prompt them to reflect. It's not about showing us that we must save. We have been trying to resist this fact for some time now. It's mainly about finding the right focus: on the economy. To quote Professor Alberto Castro [economics professor and Lisbon's Catholic University]: 'If we are incapable of raising our productivity and competitiveness then the best we can hope for is to become like Cuba and the worst to become like North Korea.' Does that scare you? Yes, a lot. But it's true."

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