MAS

These are spread around Lisbon. They are from the Movement for a Socialistic Alternative.

I laugh every time I see one. It lists a few "crimes": BPN (a bank which was bailed out after it was found out that previous management had been fraudulent), some public-private partnerships, the expensive submarines that the navy bought, and, finally, the funny part: Madeira's debt.

You see, Madeira is an island and half, which are part of Portugal, but have a good amount of autonomy. Lately, it turned out that through semi-legal chicanery, the local government had accumulated a fairly large debt and wanted the central government to bail them out.

Now, a lot of people in Portugal are unhappy about this. The funny part is the total lack of perspective. A similar Bewegung für eine Sozialistische Alternative, the German version of this leftist movement could very well list Debt of Portugal in its list of complaints against the right-wing German government! In fact, they would even be more right to complain about bailing Portugal out: it's not the same country, they are not a government above the Portuguese government, and they signed a bunch of agreements where Portugal promised never to ask for a bailout.

(As for the BPN, I will just make the same comment I made wrt Bankia. Bailing out banks or any other industry is socialism for the well-connected [is there any other kind], not the free-market. In the free-market, their investors would have lost their money, not been bailed out by daddy state).

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MAS