tag:blogger.com,1999:blog-47797198856775700032024-03-13T13:29:49.519-07:00O estado da NaçãoAntónio dos Reishttp://www.blogger.com/profile/13082721708405582685noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4779719885677570003.post-47560998892939234822013-06-18T05:24:00.000-07:002015-09-21T05:22:03.428-07:00<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 14pt; line-height: 115%;"><span style="color: black; font-family: Calibri;">Barómetro do estado da
Nação</span></span></b></span></span></span></span></span></div>
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<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><b style="mso-bidi-font-weight: normal;"><span style="font-size: 14pt; line-height: 115%;"><span style="color: black; font-family: Calibri;">Setembro 2015</span></span></b></span></span></span></span></span><br />
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<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 5;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">Tema </span></b></div>
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<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">2011</span></b></div>
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<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 1; text-align: center;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">2015</span></b><br />
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">Junho</span></b></div>
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<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 68;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">Juros da
dívida pública a </span></b></div>
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<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 68;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">2 anos</span></b></div>
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</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 64; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">12,8%</span></b></div>
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</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 64; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">1,07</span></b></div>
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<tr style="mso-yfti-irow: 1;"><td style="background-color: transparent; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(192, 80, 77); border-image: none; border-style: none none none solid; border-width: 0px 0px 0px 1pt; mso-border-left-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
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<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">Juros da
dívida pública a </span></b></div>
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<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 4;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">5 anos</span></b></div>
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</span><br />
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<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">12,7</span></b></div>
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</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">2,37</span></b></div>
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<tr style="mso-yfti-irow: 2;"><td style="background-color: transparent; border-color: rgb(192, 80, 77) rgb(0, 0, 0) rgb(192, 80, 77) rgb(192, 80, 77); border-image: none; border-style: solid none solid solid; border-width: 1pt 0px 1pt 1pt; mso-border-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 68;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">Juros da
dívida pública a </span></b></div>
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</span><br />
<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 68;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">10 anos</span></b></div>
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</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 64; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">10,9%</span></b></div>
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</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 64; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">2,04</span></b></div>
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<tr style="mso-yfti-irow: 3; mso-yfti-lastrow: yes;"><td style="background-color: transparent; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(192, 80, 77) rgb(192, 80, 77); border-style: none none solid solid; border-width: 0px 0px 1pt 1pt; mso-border-bottom-themecolor: accent2; mso-border-left-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
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<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 4;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">Desemprego</span></b></div>
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<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">17,7% </span></b></div>
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<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">11,9 % (1)</span></b><br />
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</span><br />
<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 5;">
<span style="font-size: large;"><b><span style="color: #333333; font-size: 10.5pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;"> </span></b><span style="color: #333333; font-size: 10.5pt; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-bidi-font-weight: bold; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">Tema</span></span></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background: rgb(192, 80, 77); border-color: rgb(192, 80, 77) rgb(0, 0, 0) rgb(0, 0, 0); border-image: none; border-style: solid none none; border-width: 1pt 0px 0px; mso-background-themecolor: accent2; mso-border-top-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 1; text-align: center;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">2010</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background: rgb(192, 80, 77); border-color: rgb(192, 80, 77) rgb(192, 80, 77) rgb(0, 0, 0) rgb(0, 0, 0); border-style: solid solid none none; border-width: 1pt 1pt 0px 0px; mso-background-themecolor: accent2; mso-border-right-themecolor: accent2; mso-border-top-themecolor: accent2; padding: 0cm 5.4pt; width: 144.1pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 1; text-align: center;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">2014</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td></tr>
<tr style="mso-yfti-irow: 0;"><td style="background-color: transparent; border-color: rgb(192, 80, 77) rgb(0, 0, 0) rgb(192, 80, 77) rgb(192, 80, 77); border-image: none; border-style: solid none solid solid; border-width: 1pt 0px 1pt 1pt; mso-border-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 68;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">Défice do
Orçamento E.</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background-color: transparent; border-color: rgb(192, 80, 77) rgb(0, 0, 0); border-style: solid none; border-width: 1pt 0px; mso-border-bottom-themecolor: accent2; mso-border-top-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 64; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">9,8%</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background-color: transparent; border-color: rgb(192, 80, 77) rgb(192, 80, 77) rgb(192, 80, 77) rgb(0, 0, 0); border-image: none; border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; mso-border-themecolor: accent2; padding: 0cm 5.4pt; width: 144.1pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 64; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">3,9</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td></tr>
<tr style="mso-yfti-irow: 1;"><td style="background-color: transparent; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(192, 80, 77); border-image: none; border-style: none none none solid; border-width: 0px 0px 0px 1pt; mso-border-left-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 4;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">Exportações</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background-color: transparent; border-image: none; border: 0px rgb(0, 0, 0); padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">27%do PIB</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) rgb(192, 80, 77) rgb(0, 0, 0) rgb(0, 0, 0); border-image: none; border-style: none solid none none; border-width: 0px 1pt 0px 0px; mso-border-right-themecolor: accent2; padding: 0cm 5.4pt; width: 144.1pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">43,5% do PIB</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td></tr>
<tr style="mso-yfti-irow: 2;"><td style="background-color: transparent; border-color: rgb(192, 80, 77) rgb(0, 0, 0) rgb(192, 80, 77) rgb(192, 80, 77); border-image: none; border-style: solid none solid solid; border-width: 1pt 0px 1pt 1pt; mso-border-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 68;">
<span style="font-size: large;"></span><br /></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background-color: transparent; border-color: rgb(192, 80, 77) rgb(0, 0, 0); border-style: solid none; border-width: 1pt 0px; mso-border-bottom-themecolor: accent2; mso-border-top-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 64; text-align: center;">
<span style="font-size: large;"></span><br /></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background-color: transparent; border-color: rgb(192, 80, 77) rgb(192, 80, 77) rgb(192, 80, 77) rgb(0, 0, 0); border-image: none; border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; mso-border-themecolor: accent2; padding: 0cm 5.4pt; width: 144.1pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 64; text-align: center;">
<span style="font-size: large;"></span><br /></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td></tr>
<tr style="mso-yfti-irow: 3;"><td style="background-color: transparent; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(192, 80, 77); border-image: none; border-style: none none none solid; border-width: 0px 0px 0px 1pt; mso-border-left-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 4;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">Crescimento
económico</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background-color: transparent; border-image: none; border: 0px rgb(0, 0, 0); padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">2005 - 2011</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) rgb(192, 80, 77) rgb(0, 0, 0) rgb(0, 0, 0); border-image: none; border-style: none solid none none; border-width: 0px 1pt 0px 0px; mso-border-right-themecolor: accent2; padding: 0cm 5.4pt; width: 144.1pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">2014</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td></tr>
<tr style="mso-yfti-irow: 4;"><td style="background-color: transparent; border-color: rgb(192, 80, 77) rgb(0, 0, 0) rgb(192, 80, 77) rgb(192, 80, 77); border-image: none; border-style: solid none solid solid; border-width: 1pt 0px 1pt 1pt; mso-border-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 68;">
<span style="font-size: large;"></span><br /></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background-color: transparent; border-color: rgb(192, 80, 77) rgb(0, 0, 0); border-style: solid none; border-width: 1pt 0px; mso-border-bottom-themecolor: accent2; mso-border-top-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 64; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">0</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background-color: transparent; border-color: rgb(192, 80, 77) rgb(192, 80, 77) rgb(192, 80, 77) rgb(0, 0, 0); border-image: none; border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; mso-border-themecolor: accent2; padding: 0cm 5.4pt; width: 144.1pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 64; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">0,9% do PIB (2)</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td></tr>
<tr style="mso-yfti-irow: 5;"><td style="background-color: transparent; border-color: rgb(0, 0, 0) rgb(0, 0, 0) rgb(0, 0, 0) rgb(192, 80, 77); border-image: none; border-style: none none none solid; border-width: 0px 0px 0px 1pt; mso-border-left-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 4;">
<b><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">Saldo
valores à ordem</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background-color: transparent; border-image: none; border: 0px rgb(0, 0, 0); padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">300 M€ (3)</span></b></div>
<span style="font-family: Times New Roman; font-size: large;">
</span></td><td style="background-color: transparent; border-color: rgb(0, 0, 0) rgb(192, 80, 77) rgb(0, 0, 0) rgb(0, 0, 0); border-image: none; border-style: none solid none none; border-width: 0px 1pt 0px 0px; mso-border-right-themecolor: accent2; padding: 0cm 5.4pt; width: 144.1pt;" valign="top" width="192"><span style="font-family: Times New Roman; font-size: large;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; text-align: center;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #333333; font-size: medium; mso-ascii-font-family: Calibri; mso-bidi-font-family: Arial; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: PT; mso-hansi-font-family: Calibri;">15.000 M€</span></b></div>
<span style="font-family: Times New Roman;">
</span></td></tr>
<tr style="mso-yfti-irow: 6; mso-yfti-lastrow: yes;"><td style="background-color: transparent; border-color: rgb(192, 80, 77) rgb(0, 0, 0) rgb(192, 80, 77) rgb(192, 80, 77); border-image: none; border-style: solid none solid solid; border-width: 1pt 0px 1pt 1pt; mso-border-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman;">
</span><br />
<div style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 68;">
</div>
<span style="font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(192, 80, 77) rgb(0, 0, 0); border-style: solid none; border-width: 1pt 0px; mso-border-bottom-themecolor: accent2; mso-border-top-themecolor: accent2; padding: 0cm 5.4pt; width: 144.05pt;" valign="top" width="192"><span style="font-family: Times New Roman;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 64; text-align: center;">
</div>
<span style="font-family: Times New Roman;">
</span></td><td style="background-color: transparent; border-color: rgb(192, 80, 77) rgb(192, 80, 77) rgb(192, 80, 77) rgb(0, 0, 0); border-image: none; border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; mso-border-themecolor: accent2; padding: 0cm 5.4pt; width: 144.1pt;" valign="top" width="192"><span style="font-family: Times New Roman;">
</span><br />
<div align="center" style="line-height: normal; margin: 0cm 0cm 0pt; mso-yfti-cnfc: 64; text-align: center;">
</div>
<span style="font-family: Times New Roman;">
</span></td></tr>
</tbody></table>
<span style="font-family: Times New Roman;">
</span></span></div>
<br />
<br />
<div style="text-align: left;">
(1) Julho de 2015<br />
(2) Em 40 anos de Democracia Portugal só cresceu 2pp/ano a cima da média europeia entre 1985 e1995. De 2005 a 2011 (Governos de José Sócrates) estagnou. Só voltou a retomar o crescimento económico a partir de 2014.</div>
<div style="text-align: left;">
(3) Maio de 2011 imediatamente antes da intervenção.<br />
<br /></div>
<div style="text-align: left;">
<br /></div>
<div align="left" style="text-align: center;">
<br /></div>
<div style="text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><br /><span style="font-size: large;"></span></span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-size: large;"><strong>A economia Portuguesa só cresceu </strong></span></span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-size: large;"><strong>a cima da média europeia de 1985-95 </strong></span></span><br />
<span style="font-family: Arial; font-size: large;"><strong>Agora voltámos a retomar um crescimento </strong></span><br />
<span style="font-family: Arial; font-size: large;"><strong>a cima da média europeia</strong></span><br />
<span style="font-family: Arial; font-size: large;"><br /></span><br />
<span style="font-family: Arial; font-size: large;"><br /></span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-size: large;">Sair ou não do Euro</span></span></div>
<span style="font-family: Arial;"><br /></span><span style="font-family: Arial;"><br /></span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><iframe allowfullscreen="" frameborder="0" height="315" src="//www.youtube.com/embed/fWd7Vo_vLHI" width="560"></iframe></span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;">
</span><span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;">
</span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;">
<br />
<span style="color: #333333;"></span></span></span><br />
<div style="margin: 0cm 0cm 10pt; text-align: center;">
</div>
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;">
<br />
<span style="font-family: Times New Roman;"><span style="font-size: large;"></span></span></span></span></span><br />
<div style="margin: 0cm 0cm 10pt; text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><b><span style="color: black; font-family: Calibri; font-size: small;">Apesar das adversidades a redução da despesa 2010-2014 é
superior a 10mM€</span></b></span></span></span></span></span></div>
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;">
</span></span></span></span></span>
<br />
<div style="text-align: center;">
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="color: black; font-size: small;">
</span></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="margin: 0cm 0cm 10pt; text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><b><span style="color: black; font-family: Calibri; font-size: small;">Ajustamento do saldo primário do OE, <span style="mso-spacerun: yes;"> </span>Valor positivo em 2014, pela 1ª vez nos
últimos 17 anos</span></b></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="color: black; font-size: small;">
</span></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="margin: 0cm 0cm 10pt; text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><b><span style="color: black; font-family: Calibri; font-size: small;">Esforço de consolidação orçamental de 2014 assentou em
mais de 80% em medidas do lado da despesa</span></b></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="color: black; font-size: small;">
</span></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="margin: 0cm 0cm 10pt; text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><b><span style="color: black; font-family: Calibri; font-size: small;">Salários e custos com prestações sociais representam 77%
da despesa pública primária</span></b></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="color: black; font-size: small;">
</span></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="margin: 0cm 0cm 10pt; text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><b><span style="color: black; font-family: Calibri; font-size: small;">Alinhamento do horário de trabalho da função pública com
as 40 horas semanais do sector privado</span></b></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="color: black; font-size: small;">
</span></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="margin: 0cm 0cm 10pt; text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="color: black; font-family: Calibri; font-size: small;">PPP Poupanças anuais aumentam em 2014 -<span style="mso-spacerun: yes;"> </span>380 M€</span></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="color: black; font-size: small;">
</span></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="margin: 0cm 0cm 10pt; text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="color: black; font-family: Calibri; font-size: small;">Aumento da contribuição sobre o sector bancário -<span style="mso-spacerun: yes;"> </span>170 M€</span></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="color: black; font-size: small;">
</span></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="margin: 0cm 0cm 10pt; text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="color: black; font-family: Calibri; font-size: small;">Justiça:</span></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="color: black; font-size: small;">
</span></span></span></span></span></span></div>
<div style="text-align: center;">
</div>
<div style="text-align: center;">
<ul style="direction: ltr; list-style-type: disc;"><span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;">
<li style="font-family: "Calibri","sans-serif"; font-style: normal; font-weight: normal;"><div style="font-family: "Calibri","sans-serif"; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt;">
<b>Em
2009 e 2010, por cada processo novo que dava entrada no tribunal, menos de um
processo era concluído</b></div>
</li>
<li style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal;"><div style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm; mso-list: l0 level1 lfo1; tab-stops: list 36.0pt;">
<b>Em
2013, por cada novo processo que entra, 1,5 a 1,9 processos são concluídos</b></div>
<div style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm;">
Saldo disponível</div>
</li>
</span></span></span></span></span></ul>
</div>
<div style="text-align: center;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="color: black; font-size: small;">
</span></span></span></span></span></span></div>
<div style="text-align: center;">
<ul style="direction: ltr; list-style-type: disc;"><span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;">
<li style="font-family: "Calibri","sans-serif"; font-style: normal; font-weight: normal;"><div style="font-family: "Calibri","sans-serif"; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm; mso-list: l1 level1 lfo2; tab-stops: list 36.0pt;">
<b>Em
Abril de 2011, o valor dos depósitos era suficiente para pagar cerca de mês e
meio de salários aos funcionários públicos, e pensões </b></div>
</li>
<li style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal;"><div style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm; mso-list: l1 level1 lfo2; tab-stops: list 36.0pt;">
<b>Em
Agosto de 2013, o montante era suficiente para assegurar o pagamento aos
funcionários durante mais de um ano</b></div>
<div style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm;">
<b>Exportações extra-UE: responsáveis por ~70% do
crescimento das exportações em 2012 e 2013</b></div>
<div style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm;">
</div>
<div style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm;">
Citando:</div>
<div style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm;">
<b>“Portugal é dos países da OCDE onde o emprego mais
cresceu”</b>- Negócios 15 Outubro</div>
<div style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm;">
<b>“A produção industrial em Portugal subiu 8,2% em Agosto,
em relação ao mês anterior” <br />
</b>– Negócios 14 Outubro</div>
<div style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm;">
<b>“OCDE confirma cenário de retoma da economia portuguesa” </b>–
9 Outubro</div>
<div style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm;">
<b>“Recuperação económica Portuguesa é genuína e deverá
continuar” </b>– 3 Outubro, Credit Suisse</div>
<div style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm;">
<b>“Desemprego jovem em Portugal cai para mínimo de 18
meses” </b>– Lusa 18 Outubro</div>
<div style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm;">
<b>“Portugal regista o maior crescimento da EU e Zona Euro,
segundas as melhores previsões” <br />
</b>– 14 Agosto</div>
<div style="color: black; font-family: "Calibri","sans-serif"; font-size: 11pt; font-style: normal; font-weight: normal; margin-bottom: 10pt; margin-top: 0cm;">
<b>“Exportações crescem 5,6% em Maio para valor mensal
recorde (4,26mM€)” – </b>10 Julho</div>
</li>
</span></span></span></span></span></ul>
</div>
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><span style="color: black; font-size: small;">
</span></span></span></span></span></span></div>
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;">
</span></span></span></span></span>
<br />
<div style="text-align: center;">
</div>
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;">
</span></span></span></span>
<br />
<div style="text-align: center;">
</div>
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;">
</span></span></span>
<br />
<div style="text-align: center;">
</div>
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;">
</span></span>
<br />
<div style="text-align: center;">
</div>
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;">
</span>
<br />
<div style="text-align: center;">
<br />
<br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><br /></span></span></span></span></span>
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><span style="color: #333333;"><span style="font-family: Times New Roman;"><span style="font-size: large;"><a href="http://areis-pt-oe2014.blogspot.pt/" target="_blank">Orçamento do Estado para 2014</a> </span></span></span></span></span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;">
</span><span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="font-family: Calibri;"><br /></span></span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 18.39px;"><span style="font-family: Calibri;"><strong>Comentado por:</strong></span></span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 18.39px;"><span style="font-family: Calibri;"><strong>Pedro Passos Coelho</strong></span></span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 18.39px;"><span style="font-family: Calibri;"><strong>Carlos Moedas</strong></span></span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 18.39px;"><span style="font-family: Calibri;"><strong>Emanuel Santos</strong></span></span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 18.39px;"><span style="font-family: Calibri;"><strong>Manuela Ferreira Leite</strong></span></span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 18.39px;"><span style="font-family: Calibri;"><strong>João Salgueiro</strong></span></span><br />
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;">
</span><br />
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><br /></span>
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><br /></span>
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><span style="color: #333333;"><strong><span style="font-size: large;">Como chegámos onde estamos?<o:p></o:p></span></strong></span><br />
<span style="font-family: Times New Roman;">
</span>
</span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;"><b style="mso-bidi-font-weight: normal;"><span style="font-family: Calibri;">Análise evolutiva da
economia Portuguesa nas últimas décadas <o:p></o:p></span></b></span></div>
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;">
<span style="font-family: Times New Roman;">
Face</span> a muitos dos comentários feitos hoje ao estado da
Nação, a sabedoria popular diz que de facto só há um comentário possível que é:
<o:p></o:p></span><br />
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt;">
<span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;">“em casa onde não há pão todos ralham e todos têm razão”…</span><br />
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt;">
<span style="color: #333333; font-family: "Arial","sans-serif"; line-height: 115%;">Porem há um proverbio chinês que diz:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt;">
<span style="color: #333333; font-family: "Arial","sans-serif"; line-height: 115%;">“A história é como que uma bola de cristal
que olhando para o passado se consegue vislumbrar o futuro”<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt;">
<span style="color: #333333; font-family: "Arial","sans-serif";">Por
isso se quisermos ir ao fundo da questão temos muito mais a dizer:</span><span style="color: #333333; font-family: "Arial","sans-serif"; line-height: 115%;"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 10pt;">
</div>
</div>
<br />
<div style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">1.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Desde
há uma década e meia, tomaram-se medidas que conduziram à estagnação do
crescimento do PIB, a partir de 2000, acabando no passado
recente em recessão permanente, (lembre-se que Portugal cresceu na década anterior cerca de 2pp/ ano a cima da média europeia).</span></div>
<br />
<br />
<div style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">2.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Vivemos
mais de uma década acima dos nossos rendimentos, mas manteve-se uma qualidade
de vida aparente suportada no endividamento. Onde o endividamento público do
país, evoluiu de cerca de 60% do PIB em 1996 para perto de 100% do PIB em 2011,
as famílias de 36% do PIB em 1995 para mias de 100% e igualmente as empresas em
que hoje no total temos mais de 300% do PIB. </span><a href="http://youtu.be/ORQCquie4cA" target="_blank"><span style="font-family: "Arial","sans-serif";"><span style="color: blue;">http://youtu.be/ORQCquie4cA</span></span></a><span style="font-family: "Arial","sans-serif";"><o:p></o:p></span></div>
<div class="separator" style="clear: both; text-align: center;">
<iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.youtube.com/embed/ORQCquie4cA?feature=player_embedded' frameborder='0'></iframe></div>
<span style="font-family: "Arial","sans-serif";"><o:p><span style="font-family: Times New Roman;"></span></o:p></span><br />
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
<div style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-align: center; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">3.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Temos
de considerar <u>a desorçamentação (isto a despesa do Estado escondida) resultante das PPP</u> <span style="mso-spacerun: yes;"> (Parcerias Publico Privadas) acrescida dos investimentos e defices das empresas púbicas, onde uma parte serviu para albergar clientelas políticas, numa </span>analise meramente quantitativa, </span><span style="mso-spacerun: yes;"> </span><span style="font-family: "Arial","sans-serif";">feita
em 2011 com a limitação da informação na altura. <span style="mso-spacerun: yes;">Embora o</span>s aspetos globais destes investimentos e o seu impacto nas contas públicas
só agora começam a vir a público. </span><a href="http://youtu.be/9UcM_-5y6Qc" target="_blank"><span style="color: blue;"><span style="font-family: "Arial","sans-serif";">http://youtu.be/9UcM_-</span><span style="font-family: "Arial","sans-serif"; text-decoration: none; text-underline: none;">5y6Qc</span></span></a><span class="MsoHyperlink"><span style="font-family: "Arial","sans-serif";"><u><span style="color: blue;">
</span></u></span></span><span style="font-family: "Arial","sans-serif";">mas</span></div>
<div style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-align: center; text-indent: -18pt;">
<span style="font-family: "Arial","sans-serif";"> <object class="BLOGGER-youtube-video" classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0" data-thumbnail-src="https://ytimg.googleusercontent.com/vi/9UcM_-5y6Qc/0.jpg" height="266" width="320"><param name="movie" value="https://youtube.googleapis.com/v/9UcM_-5y6Qc&source=uds" /><param name="bgcolor" value="#FFFFFF" /><param name="allowFullScreen" value="true" /><embed width="320" height="266" src="https://youtube.googleapis.com/v/9UcM_-5y6Qc&source=uds" type="application/x-shockwave-flash" allowfullscreen="true"></embed></object></span></div>
<div style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-align: center; text-indent: -18pt;">
</div>
<div style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-align: left; text-indent: -18pt;">
<span style="font-family: "Arial","sans-serif";">Se
acrescentarmos a compra dos submarinos, os estádios (Algarve, Leiria, Braga),
onde hoje se joga um jogo por ano ou menos, toda a consultadoria para o novo
aeroporto e TGV (que chegou a ser adjudicado mesmo depois de assinado o memorando com a Troika pelo Governo anterior), e que <u>conduziu à degradação da dívida pública </u></span><a href="http://youtu.be/WKLPu1w852k" target="_blank"><span style="font-family: "Arial","sans-serif";"><span style="color: blue;">http://youtu.be/WKLPu1w852k</span></span></a><span style="color: #444444; font-family: "Arial","sans-serif";"> . etc. etc. etc…</span><span style="font-family: "Arial","sans-serif";"><o:p></o:p></span></div>
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<iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.youtube.com/embed/WKLPu1w852k?feature=player_embedded' frameborder='0'></iframe></div>
<span style="font-family: "Arial","sans-serif";"><o:p><span style="font-family: Times New Roman;"></span></o:p></span><br />
<br />
<div style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">4.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";"> Com base em dados estatísticos (do Banco de Portugal, Ministério da Finanças, EUROSTAT, International Trade Statistics Year Book da ONU), <a href="http://youtu.be/INGYVKjAnTU" target="_blank"><span style="color: blue;">http://youtu.be/INGYVKjAnTU</span></a> observámos a desorçamentação, criação de empresas publicas e
municipais, cronicamente deficitárias, para cumprir com os “jobs” prometidos e
muito mais…O que resultou no que foi chamado <span style="mso-spacerun: yes;"> </span><u>"O orgulho de Sócrates"</u> ... <o:p></o:p></span></div>
<div class="separator" style="clear: both; text-align: center;">
<iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.youtube.com/embed/INGYVKjAnTU?feature=player_embedded' frameborder='0'></iframe></div>
<br />
<div style="margin: 0cm 0cm 0pt 36pt;">
<span style="font-family: "Arial","sans-serif";"><o:p><span style="font-family: Times New Roman;"> Falta ainda analisar o impacto dos contratos Swap, por falta de dados disponíveis.</span></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">5.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Que
nos conduziu em 2011 a:<o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">a.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Estarmos
perante uma destruição de grande parte do tecido industrial, se comprarmos com
a década anterior. <o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">b.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">A
forte desequilíbrio orçamental que rondava os 10%.<o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">c.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">A
forte desequilíbrio das balanças (pagamentos e comercial).<o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">d.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><u><span style="font-family: "Arial","sans-serif";">Numa
situação de pré rotura financeira <span style="mso-spacerun: yes;"> </span><o:p></o:p></span></u></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">e.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Pode
dizer-se com alguma objetividade que este quadro resulta de duas situações:<o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 108pt; mso-list: l0 level3 lfo1; mso-text-indent-alt: -9.0pt; text-indent: -108pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;"><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span>i.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><span style="font-family: "Arial","sans-serif";">De incorretas opções governamentais:<o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 108pt; mso-list: l0 level3 lfo1; mso-text-indent-alt: -9.0pt; text-indent: -108pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;"><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span>ii.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Adversa conjuntura internacional.<o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 36pt;">
</div>
<br />
<div style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">6.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">É
neste quadro que se dá a intervenção da Troika e nos é proposto um Memorando de
re estabilização económico financeira e restruturação global, com pequeno
espaço de negociação e manobra. Saliente-se que este memorando assenta em modelos de económicos clássicos, testados em países com moeda própria e nunca em países vivendo em regime de moeda única. O que por isso consideramos inadequados e de resultados duvidosos. Com o seu enfoque numa terapia de intervenção
financeira rápida, com base no equilíbrios das contas públicas tendo por base a redução do défice orçamental e a redução do endividamento, cujos os resultados são duvidosos tendo em conta as variáveis instrumentais elegidas.. Que foi assinado pelos três partidos políticos, PS, PSD e
CDS.<o:p></o:p></span></div>
<br />
<br />
<div style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">7.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Desde
Junho de 2011<span style="mso-spacerun: yes;"> </span>o país é governado pela
coligação PSD – CDS (presidida por Pedro Passos Coelho) e cumprimos com rigor o
conteúdo do memorando. </span><br />
<div>
<span style="font-family: "Arial","sans-serif";">
Vivemos uma política de grande austeridade para equilibrar as contas públicas,
com enormes custos sociais e promovem-se as exportações, principalmente para
destinos fora da Europa.<o:p></o:p></span></div>
</div>
<br />
<div style="margin: 0cm 0cm 0pt 36pt;">
<span style="font-family: "Arial","sans-serif";">Os
resultados obtidos podem ser resumidos a alguns indicadores:<o:p></o:p></span></div>
<br />
<ul>
<li><div style="margin: 0cm 0cm 0pt 72pt; mso-list: l1 level1 lfo2; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Alguma redução do défice orçamental (mas longe de estar estabilizado);<o:p></o:p></span></div>
</li>
</ul>
<br />
<ul>
<li><div style="margin: 0cm 0cm 0pt 72pt; mso-list: l1 level1 lfo2; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Melhoria da Balança comercial (principalmente com base em algum estimulo às exportações e na enorme diminuição do poder de compra interno);<o:p></o:p></span></div>
</li>
</ul>
<br />
<ul>
<li><div style="margin: 0cm 0cm 0pt 72pt; mso-list: l1 level1 lfo2; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Redução da taxa de juro inicialmente aceite no âmbito do Memorando;<o:p></o:p></span></div>
</li>
</ul>
<br />
<ul>
<li><div style="margin: 0cm 0cm 0pt 72pt; mso-list: l1 level1 lfo2; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Pesado impacto social, que atinge os limites do insustentável, expresso num desemprego que ronda os 18% da população ativa;<o:p></o:p></span></div>
</li>
</ul>
<br />
<ul>
<li><div style="margin: 0cm 0cm 0pt 72pt; mso-list: l1 level1 lfo2; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;"><span style="mso-list: Ignore;">·<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">A economia contínua em recessão (não se vislumbrando “luz no fundo do túnel”).<o:p></o:p></span></div>
</li>
</ul>
<span style="font-family: "Arial","sans-serif";"><o:p><span style="font-family: Times New Roman;"></span></o:p></span><br />
<br />
<div style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">8.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Hoje
confrontamo-nos com um conjunto de opiniões alternativas e diversas quanto a
estratégias possíveis para o país que são:<o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">a.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><span style="font-family: "Arial","sans-serif";">Cumprir escrupulosamente o memorando; </span><br />
<span style="font-family: "Arial","sans-serif";"></span><br />
<span style="font-family: "Arial","sans-serif";"><o:p><span style="font-family: Times New Roman;">b.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span><span style="font-family: "Arial","sans-serif";">Renegociar a divida, nos juros e nos prazos. </span></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">c.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">“Sair
ou não sair do Euro, eis a questão”;<o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">d.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Forçar
a UE a renegociar uma nova estratégia económica no âmbito da globalização da
economia;<o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">e.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">As
estratégias implementadas têm sido eminentemente financeiras, mas devem ser complementadas
com novas estratégias económicas; <o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">f.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">A
estratégia proposta pelos “Socialistas utópicos” de “NÃO PAGAR”. Se assim fosse
no mês seguinte não haveria divisas para comprar alimentos, nem energia para o
país (porque o país é deficitário) , nem o Estado teria meios financeiros para
pagar os ordenados da função pública e das empresas públicas , sempre
deficitárias.<o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt;">
</div>
<br />
<div style="margin: 0cm 0cm 0pt 36pt;">
<span style="font-family: "Arial","sans-serif";">Podemos
dizer que encontramos pessoas com credibilidade e com o melhor perfil académico
e cientifico a defender uma ou outra das diferentes opções, como: João Duque, <span style="mso-spacerun: yes;"> </span>Morteira Nabo, Eduardo Catroga, Cesar das
Neves, Daniel Bessa, Cantiga Esteves, Ferreira do Amaral, <span style="mso-spacerun: yes;"> </span>Abel Mateus, Francisco Louçã e muitos outros.<o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 36pt;">
</div>
<br />
<div style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">9.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Será
que:<o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">a.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";"><span style="mso-spacerun: yes;"> </span><u>Poderemos cumprir</u>, com o enorme custo que temos
pela frente, para nós, para os nossos netos e tetra netos? <o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">b.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Será
que não estamos da <u>ante camara de mais uma “implosão” da economia mundial</u>? <o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">c.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Será
que <u>os sacrifícios atuais nos estão a conduzir a alguma coisa</u>?</span><br />
<div style="mso-special-character: line-break;">
<span style="font-family: "Arial","sans-serif";">
<!--[if !supportLineBreakNewLine]--></span> </div>
<div style="mso-special-character: line-break;">
<span style="font-family: "Arial","sans-serif";">
<!--[endif]--><o:p></o:p></span> </div>
</div>
<br />
<div style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">10.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">Há cerca de dois anos publiquei no meu
canal do youtube o seguinte:<o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 72pt; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="color: #444444; font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">a.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: "Arial","sans-serif";">É
<u>necessário dizer à senhora Merkel</u> um conjunto de coisas importantes,
como se os juros da vivida publica que pagamos aos bancos alemães, por falta de
uma efetiva politica europeia, fossem igual aos que a Alemanha paga, não
necessitávamos de andar a trabalhar para a Alemanha, porque o défice Orçamental
viria a baixo dos tais 3%. Que a destruição da nossa industria de média e baixa
tecnologia não tivesse sido destruída, para beneficiar a industria de alta
tecnologia da Alemanha e outros países do centro e norte da europa, no quadro
da globalização económica, hoje a europa periférica não estaria perante o
colapso: <span style="mso-spacerun: yes;"> </span></span><a href="http://youtu.be/VPjMJgHoF6k" target="_blank"><span style="font-family: "Arial","sans-serif";"><span style="color: blue;">http://youtu.be/VPjMJgHoF6k</span></span></a><span style="color: #444444; font-family: "Arial","sans-serif";"> <o:p></o:p></span></div>
<br />
<div style="margin: 0cm 0cm 0pt 36pt;">
<br />
<div class="separator" style="clear: both; text-align: center;">
<span style="font-family: "Arial","sans-serif";"><span style="font-family: Times New Roman;"><a href="http://youtu.be/VPjMJgHoF6k"><img border="0" height="236" src="http://4.bp.blogspot.com/-_NdTyuEMj_g/UcBR5L4NdaI/AAAAAAAAAZo/69Qg3zEd628/s1600/Dizer+Sr+Merkel.jpg" width="320" /> </a></span></span></div>
<div class="separator" style="clear: both; text-align: center;">
<span style="font-family: "Arial","sans-serif";"><span style="font-family: Times New Roman;">Importante dizer à Srª Merkel</span></span></div>
<br /></div>
<br />
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
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<!--[if !supportLists]--><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif"; mso-fareast-font-family: Arial;"><span style="mso-list: Ignore;">b.<span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";"> </span></span></span></b><!--[endif]--><span style="font-family: "Arial","sans-serif";">É ainda, <u>necessário dizer ao FMI que
as estratégias Keynesianas propostas no âmbito do “Protocolo” estão desatualizadas,
face ao contexto atual da economia internacional <span style="mso-spacerun: yes;"> </span></u></span><a href="http://youtu.be/NBTDF1xvjGo" target="_blank"><span style="font-family: "Arial","sans-serif";"><span style="color: blue;">http://youtu.be/NBTDF1xvjGo</span></span></a><span style="color: #444444; font-family: "Arial","sans-serif";"> </span><br />
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</span><span style="color: black; font-family: "Arial","sans-serif";">É portanto, necessário
explicar ao FMI/ Troika, que a solução não é meramente financeira, mas sim
também económica de forma sustentável e socialmente aceitável. Os portugueses e
restantes países <u>da periferia </u>europeia já entraram em rotura social. Até
quando vamos poder continuar? </span></div>
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<span style="color: black; font-family: "Arial","sans-serif";"><iframe allowfullscreen='allowfullscreen' webkitallowfullscreen='webkitallowfullscreen' mozallowfullscreen='mozallowfullscreen' width='320' height='266' src='https://www.youtube.com/embed/NBTDF1xvjGo?feature=player_embedded' frameborder='0'></iframe></span></div>
<span style="color: black; font-family: "Arial","sans-serif";"><b style="mso-bidi-font-weight: normal;"><u>Se continuarmos com a mesma
estratégia, não é não queremos pagar, é não podemos pagar.</u></b></span></div>
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<b style="mso-bidi-font-weight: normal;"><span style="font-family: "Arial","sans-serif";"><o:p></o:p></span></b><br /></div>
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<b style="mso-bidi-font-weight: normal;"><u><span style="font-family: "Arial","sans-serif"; font-size: 12pt; line-height: 115%;">Impõe-se
por isso um debate sério, isento, cientifico com o objetivo de encontrar
realmente um quadro de saídas técnicas que apontem soluções de fato e que possa
reunir um consenso socio-político alargado.<o:p></o:p></span></u></b></div>
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António dos Reishttp://www.blogger.com/profile/13082721708405582685noreply@blogger.com0