Friday 25 February 2011

A fix for the Portuguese Economy

The Economists have been gleefully predicting that Portugal will be the next major economy to collapse under its own debt, following on the heels of Greece and Ireland.

However, I think I may have found a solution which will prevent the Portuguese Economy from imploding.

It’s a simple economic solution – diversification.

The Portuguese need to get away from what appears to be their major trade


Everywhere I looked today there were shoe shops. In some areas there where nothing but shoe shops, and at the current rate I think almost half of all the shops I’ve seen were selling shoes.

So perhaps the Portuguese economy can be saved, just at the expense of some loafers and a pair of brogues.

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