6.02.2011

Global Competitiveness Index 2010–2011

Country/Rank

Canada-10
Ireland-29

Portugal-46
Greece-83

Once again, Portugal and Greece fall behind Ireland. It's important to note that the current problems in Ireland are financial and not economical. And this is very important because the problems in Portugal and Greece are mostly structural, i.e., economy, justice, labor market.

Unfortunately, this makes believe that Portugal and Greece will have to make a substantial adjustment in the next decade or so.

Full report.
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