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Portugal: The Eternal Loser
Portugal: The Eternal Loser
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Portugal: The Eternal Loser
After Greece, Portugal has aroused the suspicion and mistrust of the world’s stock markets and credit rating agencies. In past years, many Portuguese have been living beyond their means.Little was saved and much was bought on credit in Portugal. At the same time, entry into the EU has not brought the increase in prosperity that many had hoped for. The money from Brussels was spent mainly on extending the country's network of roads. Many Portuguese are unemployed or earn low wages. They are leaving their homes to live in metropolitan areas and even in the country's former colony, Angola.
Channel: Deutsche Welle
Category: News
Video Length: 279
Date Found: May 20, 2010
Date Produced:
View Count: 0
 
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