Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
What do you mean never prospered? They may not have gotten to the top of the GDP per capita list, but Portugal is way more prosperous now than in 1986. I don't know about Greece.

But, yes, spending EU moneys in the right way is very important. Apparently the Czech republic has gotten a warning from the EU that they are not proposing enough projects to take advantage of EU funds and as a result might be allocated less in the future.

I think your argument that policy matters (which underlies most of your economics writing) is the right counterpoint to the neo-liberal assault on government.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Thu Mar 9th, 2006 at 06:21:24 AM EST
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on what relates to Portugal, there had been an slow, but continuous increase (a convergence) in personal wealth towards the wealthy western european level for at least 50 yrs, and possibly the entire 20th century. it stopped in 2002, because of - 1 - the bad politics of the previous 15 yrs [1], and - 2 - rampant comsumerism. all resulting from very low education levels - which, it must be said everytime although it is nothing original, was a deliberate policy, maintained only because benefited at short time a few.

[1] the delay factor or operator. it kills us - by giving merit to regressive politics or customs that follow progressive ones which were the actual responsible for the increase in the well-being of a society. it exists in systems theory and is applyed in electronics, but hardly in general economic theory, does it not?

by findmeaDoorIntoSummer on Thu Mar 9th, 2006 at 12:48:33 PM EST
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