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Portugal High Court Says Some Austerity Elements In 2013 Budget Are Unconstitutional

Tyler Durden's picture




 

It appears the Portuguese PM's threats last week that he would resign if the constitutional court rules against the various austerity measures in the proposed 2013 budget (subsequently recanted because he may have just sensed which way the winds are blowing), were not enough to pressure the court into voting the way the German rulers of the Eurozone demanded, because moments ago the high court said that some budget elements are unconstitutional.Specifically it said that:

  • Article 29 and
  • Article 77

are not constitutional. Of course, trampling the constitution in Europe's insolvent vassal fiefdoms is nothing new. Recall that its the Central Bank of Cyprus that said deposit confiscation is just that: unconstitutional. Too bad that didn't stop anyone from trampling all over the laws and rules of the land in the namd of what? Lots and lots of political capital of course, that nobody, NOBODY, should underestimate.

And remember: No Plan B.

From Reuters: 

Portugal's constitutional court on Friday rejected four out of nine contested austerity measures from this year's budget in a ruling that deals a blow to government finances, but is unlikely to derail the bailed-out country's adjustment effort.

 

The measures rejected by the court should deprive the state of some 900 million euros ($1.17 billion) in revenues and savings, according to preliminary estimates based on budget calculations.

 

The whole package of new austerity measures introduced by the 2013 budget is worth about 5 billion euros.

 

The 13 constitutional court judges scrutinized articles of the 2013 budget, which imposed the largest tax increase in living memory and imposed pay cuts for civil servants and pensioners, rejecting some of them.

 

The government has called an extraordinary cabinet meeting on Saturday.

 

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Fri, 04/05/2013 - 16:16 | 3414069 SeverinSlade
SeverinSlade's picture

Austerity to be included as part of "Portugese bank restructuring?"

Fri, 04/05/2013 - 16:22 | 3414099 Bearwagon
Bearwagon's picture

"Austerity" to be included as part of every bank restructuring, yes!

Fri, 04/05/2013 - 16:25 | 3414110 Vashta Nerada
Vashta Nerada's picture

I'm guessing that Articles 29 and 77 were the spending cuts.

Fri, 04/05/2013 - 17:03 | 3414266 thisandthat
thisandthat's picture

It's actually articles 29º, 31º, 77º and 117º and it refers to the cut of the vacation subsidy for public servants (364 mil.), unemployed (352 mil.) and uni teachers and researchers (which was paid by EU), and cuts on unemployment and sickness subsidies (150 mil.). The ruling applies retroactively from 1st January (date the budget was in effect). Articles are said to break 16 constitutional rules.

http://translate.google.pt/translate?sl=pt&tl=en&prev=_t&hl=pt-PT&ie=UTF...

Fri, 04/05/2013 - 18:25 | 3414513 Vashta Nerada
Vashta Nerada's picture

Holy crap.  I was trying to be funny.  That is ridiculous.

Fri, 04/05/2013 - 19:45 | 3414776 thisandthat
thisandthat's picture

The culprit was no equal treatment between public and private employees (private didn't got the cuts), and the teachers'/researchers' cuts refer to EU funded graduation/post graduation grants (1850 total, at 980 and 1495/month, respectively), which the goverment decided were fair game (just imagine something like a gov cutting foreign embassies' payroll workers' wages!).

Fri, 04/05/2013 - 20:57 | 3415016 Vashta Nerada
Vashta Nerada's picture

But do private employees even get vacation subsidies? And if so, why?

Sat, 04/06/2013 - 05:22 | 3415684 thisandthat
thisandthat's picture

Everyone - Summer and Christmas - it's part of tri-party labor agreements between unions, employers and gov (http://www.ces.pt/9).

Some Eu countries have them - even more, sometimes (eg: even in the 60s, Banco Bilbao (BBVA), offered one also for Easter, so 15 months pay/year) - others just don't. Incidentally, gov intends to dilute them into monthly salaries (and has been doing it, already).

But in the end what really matters is yearly income, and that's very low; many people just use that extra income to pay bills. Current minimum wage is 485/month (x14) and although unions and employers recently agreed to raise it to 500 €, government (which had committed to raise it by Jan 2012) just opposed it.

Sat, 04/06/2013 - 06:03 | 3415711 rbg81
rbg81's picture

Not spending $$ you don't have is unconstitutional?  Yeah, that makes sense.  [/s]

Seriously, these endless bailouts need to stop.  Just let these cannibals sort it all out by eating each other.

Fri, 04/05/2013 - 16:19 | 3414078 lolmao500
lolmao500's picture

Meh. No problem. Since they speak portuguese, nobody can understand what they are saying anyway... so no contagion risk... well maybe in Brazil but who cares about Brazil?

Fri, 04/05/2013 - 17:32 | 3414378 Urban Redneck
Urban Redneck's picture

Brasileiros entenda italiano e espanhol...

seems like another one-sided shitty deal from Carl Levin's favorite banksters

Fri, 04/05/2013 - 21:41 | 3415181 WmMcK
WmMcK's picture

+  Romanian

Sat, 04/06/2013 - 05:47 | 3415698 thisandthat
thisandthat's picture

Romanian is very distinct from western latin languages and very hard to get, if at all. Catalan isn't so easy either, although not even comparable.

Fri, 04/05/2013 - 18:25 | 3414512 Another-Ex-RPI-Man
Another-Ex-RPI-Man's picture

I see! That is for sure the SuperMario rational. Since no one speaks Greek or Turk there's no danger of contagion risk. So, No Plan B is the new norm.

So, let us know which are the languages you consider risky. Since no one speaks Italian besides the Italians, French besides the French (and some small parts of Canada as well some very small Atlantic Islands) I think we basically are completely safe (oh yeah, I forgot those small parts of switzerland)

Fri, 04/05/2013 - 19:36 | 3414755 thisandthat
thisandthat's picture

I don't speak english (go to Britain and you'll get it) - what's the problem with the world, again?

Fri, 04/05/2013 - 16:20 | 3414084 ZerOhead
ZerOhead's picture

Plan "C"?

Fri, 04/05/2013 - 16:23 | 3414096 McMolotov
McMolotov's picture

Plan "C(ollapse)."

Fri, 04/05/2013 - 16:22 | 3414102 Bearwagon
Bearwagon's picture

sounds familiar

Sat, 04/06/2013 - 05:51 | 3415701 thisandthat
thisandthat's picture

Sounds like a plan!

Fri, 04/05/2013 - 16:22 | 3414095 rockraider3
rockraider3's picture

That's okay, the preferred plan was to just take the cash from the bank accounts anyway.  This was just an necessary "attempt" to save face before all the Portugese banks have their assets frozen and depositors get a little trim. 

Fri, 04/05/2013 - 16:22 | 3414100 lolmao500
lolmao500's picture

Latest numbers, they say E1.7b in cuts are unconstitutional. Troika is gonna be mad.

Fri, 04/05/2013 - 16:24 | 3414109 Bearwagon
Bearwagon's picture

Troika is gonna give jack shit about it.

Fri, 04/05/2013 - 17:13 | 3414310 thisandthat
thisandthat's picture

It's 900 mil or so.

Sat, 04/06/2013 - 00:18 | 3415481 Bunga Bunga
Bunga Bunga's picture

Effects are 1% of GDP or 20% on deficit.

Sat, 04/06/2013 - 05:31 | 3415686 thisandthat
thisandthat's picture

Pretty sure they'll find a way to recover that income, while still missing deficit goals...

Just as long as they don't cut on parliament, presidency or govenment budgets, including their car fleet, or in utilities profits, public/private partnerships, etc. (because (those) contracts are sacred, unlike apparently those with workers and pensioners), everything will be fine, by them...

Fri, 04/05/2013 - 16:23 | 3414101 css1971
css1971's picture

This means no more ECB money, which means more bank failures, which means deposit impairments which is Bullish!

Fri, 04/05/2013 - 16:25 | 3414115 Bearwagon
Bearwagon's picture

Sure it is bullish. What else could it probably be?

Sat, 04/06/2013 - 00:20 | 3415484 Bunga Bunga
Bunga Bunga's picture

For BTC that's very correct.

Fri, 04/05/2013 - 16:29 | 3414122 Bobportlandor
Bobportlandor's picture

It's 9:25 PM Portugal local time Friday do you know where your money is?

 

Fri, 04/05/2013 - 16:48 | 3414229 Pool Shark
Pool Shark's picture

 

 

Hope they remembered to fill all the ATM's for the weekend...

 

Sat, 04/06/2013 - 00:23 | 3415490 Bunga Bunga
Bunga Bunga's picture

Better check in at the bank Monday morning.

Fri, 04/05/2013 - 16:29 | 3414138 Panafrican Funk...
Panafrican Funktron Robot's picture

Portugal holds about 90% of it's reserves in gold bars.  Not that anyone would be interested in their barb relics.  

Fri, 04/05/2013 - 16:36 | 3414169 smacker
smacker's picture

 

 

I find it difficult to find sympathy for Portugal when it's state owned national airline TAP Portugal (often referred to by those who've been cheated by them as "Take Another Plane") is run by liars and criminals who wilfully ignore any EU aviation regulation they care to and carries on cheating customers regardless.

Perhaps the Troika were told to get even for disobedience...

Fri, 04/05/2013 - 17:10 | 3414300 thisandthat
thisandthat's picture

I'm calling you out on this, because you do know TAP is frequently rated top international airline (by travellers themselves, btw), don't you? Also, doubt they are any more liars or thieves than any other company, btw.

Fri, 04/05/2013 - 17:29 | 3414360 smacker
smacker's picture

ROTFL. I know nothing of the sort.

You'll have to produce solid evidence of that because I know you are wrong wrong wrong.

I have never known anybody - Portuguese or Brazilian (two main passenger nationalities) - who has a single good word to say about TAP. Flight delays, surly, unhelpful ground staff and 'things' not working in flight etc.

And my charge against them is 100% valid and evidenced. EVEN AFTER being ordered by a Portuguese consumer judicial court to settle a claim from a customer under "EU Regulation (EC) No 261-2004", they still have never produced payment and don't respond to e-mails etc. And that was after stalling, prevaricating and doing everything possible to obfuscate and delay for 2 years.

Please ...give me a break...one satisfied passenger does not make a good airline.

Oh and btw - TAP are losing so much business that they're essentially bankrupt. It is now under negotiation with a group of Brazilian businessmen to buy them out.

Fri, 04/05/2013 - 17:40 | 3414404 Mototard at Large
Mototard at Large's picture

...and this makes TAP different from any other airline operating in Europe or North America?

Asian airlines at least try to be useful when things go wrong.

Fri, 04/05/2013 - 18:30 | 3414530 smacker
smacker's picture

Yeah it does. Kind of.

The claim that I referred to arose after the volcanic ash cloud hit UK/European airspace several years ago.

This gave rise to a lot of claims against Euro airlines but as far as I know, all airlines have complied with that EU-EC Directive which demands full reimbursement to passengers for cancelled flights and accomodation etc. Even Ryan Air have complied, after initially saying it wouldn't. But TAP Portugal remains the only Euro airline that simply doesn't pay up even after a consumer court ordered it to comply with EU regulations.

All that said, I am aware that experiences of any airline varies from one person to another. The acid test for me is how any airline handles customer claims. I give TAP 0 out of 10 on this and for that reason, they have lost my business on the Brazil routes forever. I now fly Lan-TAM and so far have zero complaints.

btw - TAP were one of the last Euro airlines to fit pitot tube upgrades on their Airbus A330/A340 fleet after the Air France disaster in the South Atlantic, probably due to cut backs in aircraft maintenance.

Sat, 04/06/2013 - 07:40 | 3415727 Acet
Acet's picture

TAP used to own some of the best airplane maintence shops in Europe and it regularly provided maintenace work for other airlines. This was actually a profitable part of the business.

Then a decade ago Portuguese politicians decided they weren't getting enough "jobs for the boys" from it. They got some brasilian guy to run it and he started by closing the maintenance shops and having TAP's planes maintained in Brasil.

The airline uses to be a bloated public airline that had tons of technical expertise and a reasonably good name but barelly made money. Now its a bloated public airline with mediocre expertise and weakened brand and it's loosing money.

Sat, 04/06/2013 - 08:06 | 3415790 smacker
smacker's picture

 

Thanks for that info. Yes, now you mention it, I recall something about TAP plane maintenance being switched to Brasil, in São Paulo or Recife methinks. I'm not at home right now (I'm actually in Brasil), so I don't have access to my files, but IIRC the CEO brought in was a Brasilian named Pinto. As you say, it's become an even bigger money loser and Pinto has failed to drive up customer service standards. <sigh>

Fri, 04/05/2013 - 18:18 | 3414487 Another-Ex-RPI-Man
Another-Ex-RPI-Man's picture

You really do not know anything about aviation, nor you have the facts.

Do not confuse passanger satisfaction or quality of service with security!

 

Last major TAP incident: 1980.

What about AA, Continental or any other major US carrier: oooops, 2012, 2008, etc...

http://aviation-safety.net

Keep your discussions on economics and you might be better off.

Fri, 04/05/2013 - 18:34 | 3414548 smacker
smacker's picture

 

 

Try reading what I wrote and you'll see I never mentioned security. There's a good fellow.

Fri, 04/05/2013 - 18:58 | 3414646 Another-Ex-RPI-Man
Another-Ex-RPI-Man's picture

Fair enough.  But "ignore any EU aviation regulation" could be economics or safety. Fair enough. But if look carefully into EU aviation, the main problem is not actually the management and much more the socialist unions of pilots, flight attendants and so on.

Unfortunately, TAP is only one of the many airlines receiving funds from Govs.

A better solution would be just actually give those airlines to pilots and company, both with assets and liabilities and stop injecting money into those cash burners.

 


Fri, 04/05/2013 - 19:33 | 3414744 thisandthat
thisandthat's picture

Just look up which airlines won customers' awards, and how many of these and others TAP has won throughout the years, and don't feed the trolls.

Fri, 04/05/2013 - 20:17 | 3414890 smacker
smacker's picture

 

You're defeated by facts and evidence. tch tch.

Fri, 04/05/2013 - 20:33 | 3414939 thisandthat
thisandthat's picture

*plonk*

Fri, 04/05/2013 - 20:15 | 3414886 smacker
smacker's picture

 

The EU Regulation I quoted is a major Regulation. TAP wilfully ignore it, despite judicial orders to comply with it.

If TAP ignore major EU Regulations on that issue, why wouldn't they ignore regs on other issues? We all know the airline is state owned and the govt is bankrupt. TAP is short of money. 1+1=2 etc. I have read reports about passenger vid/aud devices not working and lavatory locks malfunctioning, so summat is clearly bad about their aircraft maintenance.

But I see our friend "thisandthat" keeps going on about their good safety record etc. I guess he must fly TAP or works (or worked) for them. <shrug>

Sat, 04/06/2013 - 06:42 | 3415729 Acet
Acet's picture

See my post above about them closing their maintenance shops and having the planes maintained in Brasil.

All the result of a political decision to bring some Brasilian guy to manage it.

Fri, 04/05/2013 - 19:29 | 3414738 thisandthat
thisandthat's picture

You can do it yourself, if you're really interested - it's online, and I'm not on their (or your's) pay roll to bother with it, but like you say, give me a break, "one dissatisfied passenger does not make a bad airline".

And you need to update your sources - way outdated, just saying - the privatization was called off. Idiot.

Fri, 04/05/2013 - 20:04 | 3414849 smacker
smacker's picture

 

Well doncha know, since you made the claim, you should provide the evidence to back it up. I wasn't given legs to run around after you :-)

On your "one dissatisfied passenger"...I know quite a few of them. And I've also personally had several incidents with TAP: lost luggage, slashed-open luggage, flight delays and very unhelpful ground staff. I recall a near riot broke out at Lisbon when my inbound flight was delayed to 09:00 hrs causing a bunch of passengers - including myself - to miss connections all over Europe. TAP were incapable of dealing with it. They wanted me to waste the whole day till 18:00 hrs in a scruffy hotel even though there were 3-4 flights to London much earlier in the day with empty seats.

Regarding the sale of TAP...let's not forget that the TAP CEO (Pinto ?) was brought in way back ~2000 to prepare TAP for privatisation. After 8 years he still had not got there and then the govt went bankrupt and the economy crashed. That's when the Brazilian businessmen offer came in. I was not aware that too had fallen thru. Why do you think that was???

You know why I have an axe to grind over TAP Portugal. Maybe you should come clean and tell us why you are so supportive of them. They're a crap airline.

Fri, 04/05/2013 - 20:41 | 3414967 thisandthat
thisandthat's picture

LOL you want the info, you go after it - fact I won't handle it to you on a platter, should be proof enough I have no beef on this subject. Deal with it. Fly Ryan Air or something, instead - plenty of customer satisfaction to be had for you, there, I've heard... :P

Fri, 04/05/2013 - 21:39 | 3415173 smacker
smacker's picture

Translation: you don't have any credible evidence. tch tch.

 

Oh and btw - Ryan Air don't fly to Brazil (which is the route we're talking about).

Thought you'd like to know that :-)

 

ps: you still haven't come clean and told us what your connection is with TAP Portugal.

<sigh>

Sat, 04/06/2013 - 04:06 | 3415648 thisandthat
thisandthat's picture

Clueless idiot... :P Goodbye chump!

Fri, 04/05/2013 - 16:35 | 3414173 Black Markets
Black Markets's picture

Constitutions are so passé

Fri, 04/05/2013 - 16:44 | 3414202 Winston Churchill
Winston Churchill's picture

Do look good framed, and hung on some bankers wall as a trophy.

Fri, 04/05/2013 - 18:15 | 3414480 kaiserhoff
kaiserhoff's picture

An acquaintance has an old looking copy of the Mayflower Compact hanging on the wall.

Says he doesn't know if it's genuine.

I don't know either, but I'd say the odds are a trillion to one against;)

 

Fri, 04/05/2013 - 16:41 | 3414199 Ribeye
Ribeye's picture

Brazil can give them the money,

Lol:)

Fri, 04/05/2013 - 16:44 | 3414210 morning
morning's picture

Hi. It's 1.25 B and the probable course of reaction will be to revise the deficit asking for more time. The figure is likely to be 6% EOY 2013.

Any questions, please reply below...

Fri, 04/05/2013 - 16:55 | 3414251 Tunga
Tunga's picture

Tunga is a 100% completly hypothetical construct. You can take that to the bank!

Fri, 04/05/2013 - 17:02 | 3414262 americanspirit
americanspirit's picture

There are going to be an awful lot of elderly Brits who have to give up their dream of retirement in the sun because of the impact of the greed of the international banking community on Cyprus, Greece, Spain, now the Algarve, (Italy will not be far behind) and move back to the wet, cold ruin that is England. My heart goes out to these folks, most of whom worked hard all their lives, scraped together enough to barely get by in some inexpensive, sunny place, and now are faced with the death of their dreams.

Fri, 04/05/2013 - 17:04 | 3414274 snr-moment
snr-moment's picture

If they worked hard all their lives.....1) why is England a wet, cold ruin, and 2) when do they have time to retire?

Fri, 04/05/2013 - 18:18 | 3414486 kaiserhoff
kaiserhoff's picture

There are elderly Brits who know about the sun?

How old are they?

Fri, 04/05/2013 - 17:02 | 3414263 shovelhead
shovelhead's picture

Cut civil servants pay? Que Lastima!

They're the lifeblood of the country.

They and Mateus.

Fri, 04/05/2013 - 17:18 | 3414271 bidaskspread
bidaskspread's picture

LOL, like they actually have a say in their government; that would be like a hostage telling a gunmen what to do.

Fri, 04/05/2013 - 17:09 | 3414289 snr-moment
snr-moment's picture

There is NO problem that an extra layer of bureaucracy cannot fix.

Fri, 04/05/2013 - 17:30 | 3414370 Grimbert
Grimbert's picture

I was deceived by the Portuguese. 

See this link: http://goo.gl/maps/g955B 

 

What a lovely orange tree. We don't get citrus fruit in our northerly climes so to scrump one would be cool. The tree is tall though. See how tall the car is next to it. To reach an orange you might have to lift a small boy up in the air to pick one. Imaagine our delight that we'd beaten 'the man' (or committed theft) by picking a public orange and we scarpered before anyone tried to confiscate it. 

So me, the small boy, his even smaller sister and their mother we sat down to enjoy our ilegal fruit. Oh how sour it was, It was a marmalade orange. Oh you Portuguese how could you do this? This was in 2000 just after the changeover. All the prices were bilingual escudos and euros and no-one ever had any change. 

Small boy is now 16 and still remembers that orange.

Sat, 04/06/2013 - 06:48 | 3415736 Acet
Acet's picture

This being Portugal, you wouldn't get in trouble for picking an orange from a tree in public property.

However, the kind of oranges that can survive without the tree being watered often won't be very sweet.

Sat, 04/06/2013 - 07:13 | 3415744 thisandthat
thisandthat's picture

HAHAHA I know, it's true lol and I feel sorry for it, but to be honest, I doubt they could be illegal - it's a public place, after all.

edit: there's plenty of them in Seville, Spain, as well; once they fall "ripe", they just lay around in the ground and no one picks them up - you now know the reason...

Fri, 04/05/2013 - 20:40 | 3414959 Yen Cross
Yen Cross's picture

   All your constitution are confiscated. " Teh Troika"...

Sat, 04/06/2013 - 00:28 | 3415495 Bunga Bunga
Bunga Bunga's picture

Let's get rid of the banking hostile bureaucracy.

Sat, 04/06/2013 - 04:34 | 3415658 Ghordius
Ghordius's picture

"Of course, trampling the constitution in Europe's insolvent vassal fiefdoms is nothing new. Recall that its the Central Bank of Cyprus that said deposit confiscation is just that: unconstitutional."

There is a wee difference between a bank saying that something is unconstitutional and a national constitutional court ruling

Sat, 04/06/2013 - 04:39 | 3415662 Ghordius
Ghordius's picture

"not enough to pressure the court into voting the way the German rulers of the Eurozone demanded"

this means that the Portugiese Constitutional Court is doing it's job, doesn't it? +1 for Portugal

Sat, 04/06/2013 - 04:50 | 3415666 Ghordius
Ghordius's picture

"the German rulers of the Eurozone demanded" - not the "EU-crats"? The implication of this sentence is that only "ze germs" favour balanced budgets

smacks of a flavour of tribalisms that is more common in the Anglosphere

our continental nationalism is more tempered - by scars, you could say - and so a journalist writing this in the eurozone would suffer a massive social shaming pressure - on the grounds that you can write the same facts without resorting to such inflaming ways

Sat, 04/06/2013 - 05:19 | 3415679 JOYFUL
JOYFUL's picture

I see you are busy baiting as many hooks as you can throw out into the pond today Citizen G...

but this constant carping as to the sanctity of your continental condition only places your line in the weedy shallows of the debate. Journalism(or what passes for it nowadays) suffers 'massive social shaming pressure' on both sides of the pond, from the same overriding source which remains invisible in narratives such as your own...the hegemony of the Illuminist coalition of ashkenazi bankers, freemasonic dupes, and jesuitical crypto cabbalists which gave original impetus to your treasured dream of a 'continental nationalism' and has extended it's reach over each Estate in turn...oblivious to your inspection!

So that no matter which hollowed-out nation state one turns to, the fear of writing facts contrary to the wishes of the shadow sio-nazi conspiracy behind the project guides the pens of all those who still turn out words for hire. Your point therefore, is a rare and welcome admission of the reality of just how slender your 'freedoms' of expression have become in the Euro-Disney Dreamstate.

Your constant finger-poking at the "Anglosphere" is hilarious for what it show of the myopia of those who suffer the same shortcomings in their own part of the potato-patch, but refuse to call a worm a worm, except when employing them for purposes of fishing for bottom feeders.

Sat, 04/06/2013 - 17:29 | 3417053 Ghordius
Ghordius's picture

ah, well, I thought I was just trying to write about it in a neutral way

 

Sat, 04/06/2013 - 05:04 | 3415671 Ghordius
Ghordius's picture

LOL - smacker defending EU regulations? Or complaining that they aren't enforced enough?

I often get the impression that lots of EU-skepticism is about the wish for stronger enforcement, "moar"-eu and-if-possible-more-"our-way"-flavoured-instead-of-bland

Sat, 04/06/2013 - 06:20 | 3415714 thisandthat
thisandthat's picture

Don't bother, he sounds like the sort of repressed Brazilian losers that populate youtube, with their issues with Brazil having been a Portuguese colony, and blaming it for each and all of its problems - look them up, it's pathetic, and he rakes that kind of low lifer. To put it into perspective, just imagine Americans wishing just they'd been a Scandinavian colony, rather than British, and blaming their current woes on colonial times and the British...

I'm even surprised "Brazilian gold" wasn't brought up yet - it's a recurrent theme of their rants.

Sat, 04/06/2013 - 08:26 | 3415806 smacker
smacker's picture

"thisandthat".

Your ongoing silly comments are premised on the weird assumption that I am Brazilian. I am not.

I am 100% British thru and thru, with great admiration for the American people. How does that grab you?

Please be off with you and stop filling up ZeroHedge comment columns with abusive nonsense.

Sat, 04/06/2013 - 11:02 | 3416023 thisandthat
thisandthat's picture

Right... so take the chance and go get your nice cup of STFU, thru and thru "british", 5 o'clock tea, and be thankful to whom introduced it to you, then... toodle-hoo, chump!

Sat, 04/06/2013 - 07:44 | 3415778 smacker
smacker's picture

 

Whoooppeee!! Ghordius old bean. Taking cheap shots using disingenuous analogies does nothing to improve your image in my eyes. That is why I have long claimed you are an EU shill, paid or otherwise.

 

FYI: If you took the time to read what I have written on matters of Regulation (EU or any other), you will have noticed I've often applied the 'NEEE' principle. Meaning that Regs should be Necessary, they should be Effective, they should be Efficient and lastly, they should be Enforced. That has always been my belief. Nothing has changed as you dishonestly allege.

Regarding the EU Directives on Air Transport - which TAP Portugal wilfully violate - I have never expressed an opinion on them. But the fact is they do exist, and therefore the airlines should comply with them as a matter of Rule of Law. OR get them changed through the corrupt lobby process they use in Brussels. (see a good documentary on RT.com about Brussels lobbying).

... ... ...

Oh...and I've noticed that your cheap shot has brought out our friend 'thisandthat' again to take another cheap shot at me for exposing TAP Portugal for the crap airline it is, and run by liars and criminals. Odd that, since 'thisandthat' posted "plonk" last evening after being defeated by facts and failing to come clean to tell us exactly why he is so supportive of such a crappy airline. Does he work for them??? Did he work for them??? Does he regularly fly them??? Does he have other connections with them??? hhmmm. He has not addressed this issue but continues to post abusive comments and side-swipes.

Truth is, that if he (or you) read the case notes about the specific claim I referred to earlier, he could not avoid being disgusted at the lies, obfuscation and deliberate stalling tactics that TAP have indulged in to avoid settling a legitimate claim of USD2,500 against them, which btw was totally caused by their own incompetence.

Now, please be off with you...

HAND :-)

Sat, 04/06/2013 - 14:13 | 3416537 Surprese
Surprese's picture

I thought this thread was about another Euro crisis / austerity episode.

There are more posts about TAP (not TARP) than about Tyler's article.

Sat, 04/06/2013 - 17:33 | 3417062 Ghordius
Ghordius's picture

funny, eh? I think it was a quite unsatisfactory thread for all involved... can happen

Tue, 04/09/2013 - 05:08 | 3425334 pfairley
pfairley's picture

Of course, cutting the salary & pensions of Supreme Court judges is unconstitutional !  Doesn't anyone understand the law?  

Also, new Portugal tax proposals would do well to call them OBAMACARE. The US Supreme court says national governments have the right to tax to create healthcare.

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