Comments on: China set to fully control Portugal’s power grid amid Europe’s inertia EU news and policy debates across languages Tue, 09 Apr 2019 10:16:21 +0000 hourly 1 By: scottish scientist Fri, 20 Jul 2018 08:51:18 +0000 The root cause of Europe’s “inertia” is the Eurozone’s tight 3% of GDP borrowing cap imposed on government borrowing.

Raise the cap – for example to 8% of GDP, for 5% GDP more government investment.

By: Johan Stavers Mon, 16 Jul 2018 17:48:22 +0000 I’m beyond that.
They cannot possibly be so stupid.
They must be corrupt traitors.

By: Thinker Mon, 16 Jul 2018 16:26:24 +0000 This is just another evidence that EU is ruled by dictators and idiots such as Juncker and Merkel.

By: Mike Parr Mon, 16 Jul 2018 11:00:33 +0000 “In 2011, Portugal’s government was required to sell its stake in the country’s power grids as part of the terms of its €78 billion bailout programme, organised by the European Commission and International Monetary Fund.”

That was clever wasn’t it? Illustrating the fact that the EU has no coherent industrial policy of any sort and no coherent plicy wrt strategic assets & their ownership. Instead of doing something – they talk & think & talk a bit more.

That said: when it goes fully incoherent (the rationale – not the article) is this “A source said that from a programme perspective, the primary interest of privatisations – apart from improving the performance of SOEs and in this way reducing fiscal risks – was to reduce the financing needs of the state and to improve debt sustainability” – let’s be clear on this EDP……… MAKES MONEY………..if you have something that….. MAKES MONEY….. why would you want to get rid of it……….to ANOTHER STATE OWNED ENTERPRISE…. albeit owned by China.

The bunch of dolts that have cooked up the conditions to allow this to happen should be pulled outside & shot – yes Christine of the orange face – that means you – you dolt.