Just How Bad are Things in
Europe? Don't Ask (Really, Please Don't)
The History of the World (Part 1) is that economic strength resides in Europe and North America and the nations of Africa, Asia and
South America are weak economies that need European and American help. The History of the World (Current Edition) is that economic growth and vitality is in Asia and South America and the economy is stagnant and the European economy is headed towards recession. U. S.
So here is what is going on between
Portugal and its former colony, . Angola
Pedro Passos Coelho, Portugal’s prime minister, said during a visit to
on Wednesday and Thursday that his centre-right government would look “very favourably” on Angolan investment in its €7bn privatisation programme and other areas. Angola
And it is not just
seeking aid. Portugal Portugal’s citizens who are facing low growth and rising unemployment are moving to Africa where the opportunities are better.
Portugal’s emigration observatory, the number of Portuguese living in , which gained independence in 1975, increased from 21,000 in 2003 to 91,900 last year. Meanwhile the number of Angolans living in Angola fell by about 1,000 to 26,500 in 2009, as many Angolan and Brazilian emigrants return to their own thriving economies. Portugal
Just another day at the office for
Europe, where the office will soon be owned by someone else.