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Algarve a Oito Mãos – Portuguese fado and European Central Bank solutions

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People say that “at home, where there is no bread, everyone swears and no one is right.” The last few weeks illustrate well the relevance of the wisdom of our people. Otherwise, we’ll see. Costa came to the terraro to warn the European Central Bank (ECB) that another hike in interest rates could jeopardize the already precarious economic situation of the Old Continent in 2023. Marcelo soon joined the chorus, asking the Frankfurt-based bank to exercise caution in its actions. solutions. Interestingly, to the surprise of some, Mario Centeno, who is currently Governor of the Bank of Portugal (BdP) but who was already Costa’s finance minister, soon after publicly disagreed with those who are the two highest figures in the Portuguese state. , arguing that the ECB really should do everything possible to control inflation in the eurozone.

Let’s face it, fighting inflation is absolutely essential. So Centeno’s remarks make sense now that the governor seems to be convinced that the general rise in prices is not just a cyclical issue. So, economic theory (and experience) says that delaying the fight against inflation will lead to a general deterioration in living conditions, especially in the case of the poorest sections of the population. It should also be said that the ECB is simply fulfilling its mandate by raising interest rates in the current environment, as its main concern is maintaining price stability.

However, there is a problem. In implementing this policy, the ECB is forcibly abandoning the practice it established in March 2016. This can be summed up in a simple way: Access to cheap money in the Eurozone is (was) possible. By raising the key rate from 0.0% to 2.0% in just over four months, the ECB has detonated a real bomb inside the eurozone, the fragments of which will hit its member countries asymmetrically, mainly due to the level of debt (public and private) they have there is.

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It was probably this aspect that prompted Costa and Marcelo (and more recently Fernando Medina himself) to come to the game to ask the ECB to calm down. In fact, as is almost always the case in such cases, Portugal continues to be one of the most vulnerable countries in need of more protection. Although the Socialist Party seems to be more aware of the need for accurate reporting, the truth is that the country is still the third largest in the euro area with the highest public debt as a percentage of gross domestic product (127.4). % in 2021, according to the National Institute of Statistics – INE), second only to Greece (193% in 2021) and Italy (150.8% in 2021). Therefore, it is not surprising that the new policy of the ECB immediately dictated an increase in the hidden interest rate on bonds issued by our republic. In particular, for ten-year debts, this rate increased from 0.36% to 3.1% within one year. Unfortunately, the scenario is not much different when we look at the business sector and families. INE data shows that in 2021 our non-financial sector companies needed funding equivalent to 1.7% of GDP. BdP shows that Portuguese families currently owe the bank about 100 billion euros in home loans, to which we must add another 20.7 billion consumer loans…

USE: This article only expresses the opinion of its author, without representing the position of the persons with whom it cooperates.

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Parties vote against free Portuguese language education abroad | Assembly of the Republic

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Parties vote against free Portuguese language education abroad |  Assembly of the Republic

The diplomas voted this Friday in the Assembly of the Republic, which offered free teaching of the Portuguese language abroad, were rejected: the Socialist Party voted against and the PSD, among others, abstained.

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The Portuguese player who stole the CR7 stage in the Cup is married to the first girl he met in high school

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Portugal international Bruno Fernandez rose to prominence during the World Cup in Qatar. The star, who also plays for England’s Manchester United, scored one more goal than Cristiano Ronaldo and played a crucial role in securing Portugal a place in the round of 16.

At the age of 28, the Portuguese has a very quiet personal life and is the father of two children. The star married in 2015, when he was 21, the first and only girl in his life, the Portuguese Ana Piño.

Adult film muse Elisa Sanchez poses with her body painted at a rehearsal for the World Cup.

Bruno Fernandes and Ana Pinho Photo: reproduction / Instagram

Bruno and Ana’s love story began in Porto, Portugal. They met at the school where they studied together, started dating and since then have not parted.

At the beginning of the relationship, Bruno played for the Portuguese club Boavista, so he easily managed to be with Ana and train.

When the player needed to move to Italy to improve his career, Ana supported the star and two years later she was asked to marry him.

They married at the end of 2015, and in 2017 they had Matilda Fernandez, the couple’s first daughter. Three years later, in 2020, Goncalo Fernandes was born, who completed the team of football fans played by Bruno.

Ana Pinho and Bruno Fernandes
Ana Pinho and Bruno Fernandes Photo: reproduction / Instagram
Ana Pinho and Bruno Fernandes
Ana Pinho and Bruno Fernandes Photo: reproduction / Instagram

Ana, Mathilde and Gonzalo are always present in the Portuguese games, which is very important in raising children.

Bruno Fernandes and family
Bruno Fernandes and family Photo: Reproduction / Instagram

Last Monday, when he scored two goals for Portugal, Bruno revealed during an interview that the kids predicted his performance against Uruguay. The children were optimistic. Woman, not so much.

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“Before the game, my children said that I would score two goals. Mother even thought it was an exaggeration, maybe now she doesn’t think it’s so exaggerated, ”Bruno joked.

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“Now you die, I’ll burn everything.” Portuguese man arrested in Spain suspected of setting wife on fire – Observer

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"Now you die, I'll burn everything."  Portuguese man arrested in Spain suspected of setting wife on fire - Observer

Catalan justice has ordered the preventive detention of a man of Portuguese nationality for allegedly burning a 48-year-old woman alive. The suspect doused his companion with alcohol with rosemary and acetone, set fire to the house in which he lived in Lleida, while telling her: “Now you will die, I will burn everything.”

According to El Periodico, the 39-year-old man was detained on Monday, while a companion was rushed to the burn unit of the Hospital de la Vall d’Hebron, where she still has burns over 18% of her body.

or country Details that, in addition to trying to burn her, the man tried to strangle her. According to the indictment seen by the same newspaper, the victim went to bed around 11:00 pm, and the partner was still at home. Shortly after that, he left, and when he returned, he began to poke something in the woman’s face. “I will kill you,” I told him.

Companion managed to get out of bed, but the alleged intruder splashed acetone in his face. It was there that the man allegedly set fire to the house and tried to strangle her. The woman ran away, but she was pulled when she went down the stairs: “Let’s go, I’m on fire too.”

The building where the couple lived was destroyed by fire. However, the man denies this version, arguing that there was a quarrel, but that when he came home, there was already a fire. However, the judge who heard him considered that the explanations were “inaccurate” and there were “contradictions”.

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When asked why the woman came up with this story, the Portuguese man limited himself to the fact that “when she is annoyed”, her partner “does not know what he is saying”: “When he gets angry, he tries to hurt everyone.”

In turn, one of the witnesses – a neighbor of the couple – told the authorities that the couple quarreled, despite the fact that they had never witnessed a single episode of physical violence. On Monday, a neighbor overheard their quarrel and went out on the balcony at dawn and heard the cry of a 48-year-old woman: “Don’t kill me, don’t kill me, don’t kill me.”

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