The Portuguese kindergarten

The IMF has just published a review of Portugal’s public expenditures. The report came as a bomb at a time when the public debate about 2013 State budget had already generated an avalanche of political fights and great instability, including within the governing parties. Now, with the IMF’s recommendations on the table, the country looks like a big fire being dealt with gasoline. There is widespread cacophony, exaltation and very little self-examination and reflection. It is like a kindergarten without any adult in charge.