"Turistas não vêm para os territórios visitar florestas de vidro", diz Turismo do Alentejo

[atomez]

De facto não se vê bem porque é que estamos a levar mais a sério as medidas que são precisas tomar que os gregos... por cá têm sido só aumentos de impostos, redução de despesa e da dimensão do estado ainda não passou do papel.

Greece promises immediate job cuts

Public sector to be slashed by almost 20%

Greece’s finance minister has said he will implement job cuts immediately in the country’s bloated public sector after international lenders turned up the heat on the socialist government.

[Ulisses Pereira]

Curioso como o Cramer considera Portugal e Espanha sérios, ao contrário da Grécia e Itália...

"Hard to Trust This Market"
By Jim Cramer
| Sep 07, 2011 |
7:18 AM EDT |

1 You want to trust it, but what has changed? You want to sound the all clear, but there are people, rumors, hedge funds, waiting to pounce and magnify the very real European woes and the sense of ennui and rancor -- odd combo -- out of Washington.

We always come back to the same things:

1. Was Greece "solved" in a coherent way that will not cause massive defaults for undercapitalized banks that own Greek paper?

2. See above for Italy.

3. Was the euro somehow transformed into a workable currency?

4. Are they going to lower rates? Remember they raised them -- twice.

5. Are the austerity moves too hard to pull off in Italy and Greece? I actually think the Portuguese and the Spanish are serious.

6. Are the banks there better capitalized than they were?

7. Is SocGen safe?

8. Do the Germans want in (meaning they support big changes) or do they want out (meaning they want to quarantine)?

Without answers to these, all that has happened is that we thought that the brink had been reached and now we are back from the brink.

I continue to believe that the multinational companies with good growth remain excellent buys in weakness, and high yielders (even the accidental variety) are core. I continue to believe that gold must be bought on weakness, and I condone owning Randgold (GOLD) and Goldcorp (GG).

Otherwise, to sell is to risk not getting back in. To buy is to risk that the eight factors above come back and bite you on any day that a rumor wants to run -- because, alas, the rumors make sense, are compelling, and cannot be put to bed with a simple downturn in gold or German court decisions that allow politicians to make big moves if they want to. Remember, we need reasons to be bullish, besides "the action," which has been constantly tripped up by the issues mentioned above, even as our data suggests we are OK here. Not great, but OK.

Random musings: We put out a note last night talking about the positive changes at Bank of America (BAC) in Action Alerts PLUS. … The Yahoo! (YHOO) situation was just too difficult for Carol Bartz, who was a fine manager at a previous venue.

Long BAC."

(in www.realmoney.com)