PremiumEduardo Catroga: “Portugal must resist the creation of the so-called European champions”

The economist and former Finance Minister argues that Portugal should attract investment from outside Europe in order to maintain companies that have their “command center” in our country.

Since the fall of the Berlin Wall, there has been an expansion of globalization, accompanied by an expansion of Western-style democracies. This crisis that we are experiencing has put a brake on globalization and may have consequences in terms of international security, peace and also democracy?
Globalization trends develop in cycles, with periods of incubation, development and stagnation. Until 2008 we lived a giant wave that started with the fall of the Berlin Wall, with China's entry into the global economy in the early 80s (joining the World Trade Organization (WTO) in 2001) and with the development of information technologies and communication and in the transport sector. After 2008 we have seen a period of globalization stagnation and in recent years the effects of the US-China trade war. Now, we are talking about de-globalization, but the process will continue in new ways and global digital flows are a new reality. The world will be increasingly multipolar. We are in a phase of geopolitical tensions that needs to be overcome through international cooperation. In the short term, tensions will intensify and Western-style democracies are being challenged and, in some cases, questioned.

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PremiumCatroga: “Media foam evades and disguises” responsibilities in the sale of Novo Banco

Controversy over the sale of Novo Banco assets serves to “evade and disguise any liabilities” from the Government, BdP and the European Commission, says Eduardo Catroga. But in 2017 there might be no alternative, he admits.

Covid-19: UK records 938 new cases and nine deaths in one day

In total, 305.623 infections and 46.210 deaths have been confirmed in the country since the start of the pandemic, according to official data from the Ministry of Health, although British statistical agencies have counted at least 56.400 certificates in which the cause of death is associated with the new coronavirus.

Electricity consumption falls 4,3% until July and reaches 2005 lows, announces REN

"The accumulated result for the year now shows a negative variation of 4,3% or 5% with correction of temperature and working days, being, for this period, the lowest consumption since 2005", said, in a statement, REN.

Car market in Portugal down 16,9% in July

Regarding the period from January to July 2020, 96.102 new vehicles were put into circulation, which represented a year-on-year decrease of 44,3%.