5 Things That Will Remedy Portugal's Economic Meltdown
Apr. 04, 2011 2:51 AM ET
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Seeking Alpha Analyst Since 2011
Grant de Graf is an economist, published author and blogger who has notched up experience in the trenches of global markets. He is a graduate of the University of Cape Town, majoring in economics and a former trader on Wall Street, where he specialized in options and equity arbitrage.
De Graf covers issues on his blog "Understanding the Credit Crunch" that relate to the credit crunch, the recovery process, business cycles, inflation, asset correlations, and more recently the sovereign debt crisis.
- Dump the Euro and revert to a domestic currency
- Consolidate all debt plus a safety margin through a long-term loan from the IMF, with favorable terms
- Execute a fiscal stimulatory package, combined with smart austerity
- Provide a plan that will reduce the deficit by 40 percent over 6 years
- Achieve political stability through strong and clear leadership
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