This is a short essay I wrote entitled "The Economy of Portugal", which Proffesor Paul Klugman, The 2008 Nobel Prize winner in economics, allowed me to publish in The New York Times Economical Theory blog that he writes. It is an incredibly great honour as only about 70 are allowed for each of his essays that he publishes there. His essay's called: "The European Straigtjacket."
The Economy of Portugal by Michael Anthony Furtado Why are there seemingly so many people in the world so measurelessly broken with fright and weeping anguish over a mere €4.252 billion and €4.913 billion euros of bonds that have to be purchased, by the Republic of Portugal in April, and then in June, re spectively? It seems so strange that there is so much attention paid to that particular country. Perhaps the just resigned Prime Minister of Portugal, Jose Socrates was correct in saying that much of the high bond yield demands on the markets find their origin in the journalistic obsession occurring at this particular point in history. Sadly, it is only too clear, that the people typically granted the authority to write and be widely read internationally on the subject of the Portuguese nation know very little about it, and I should know as I am a Portuguese person, yet living in Canada, who has spent over a year there spread over the entirety of my 30 or so years of age. I always feel...