A stagnant economy and spiraling cost of living in Portugal are forcing a generation of young people to seek opportunities elsewhere – a brain drain that costs the economy billions of dollars in lost revenue.
The government’s planning generous tax breaks for young people to encourage them to stay. But even that might not be enough.
Al Jazeera’s Jonah Hull reports from Lisbon, Portugal.
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#Portugal #Employment #PortugalBrainDrain #WebSummit #Lisbon #TechBoom #BrainDrain #AlJazeeraEnglish #PortugalEconomy
Kamo da onda preselimo.,😢lijepi Portugal.,prelijepa Španjolska ,predivna Italija 😢…
ⴰⵎⴰⴹⴰⵍ ⴰⵎⴰⵣⵉⵖ ⴷ ⵉⵎⴰⵣⵉⵖⵏ ⵏ ⵓⵎⴰⴹⴰⵍ .
We are not Arabs and we have never been Arabs but under the colonial Arab regimes since French colonialism passed the people and the land into their hands 70 years ago . The peoples of North Africa (Tamazgha: Morocco, Algeria, Tunisia, Libya, Mauritania, and others) have been subjected to compulsive identity arabization .These nationalists regimes employ religion to make Arabism, from which Islam emerged , the only sublime identity for every individual and reject completely the ancestral Berber-Mediterranean-African cultural heritage.Through education, media, administration and religious propaganda not only do they falsify the history of these Mediterranean-African peoples but despise and obliterate the Amazigh civilisation . Arabization is the only project that gets money and attention.They have closed people’s mentality inside the culture of superstition and brainwashing to facilitate to facilitate identity Arabization . They fuel the conspiracy against the West world and Israel to isolate the Amazighs from the democratic global ocean and stuff them with Arab ideology to spread Arabism where there are no Arabs . Europe , especially France, have destroyed the safety belt in the south of Europe and America which was the Berber identity, and have helped Arab nationalism to make North Africa a big factory of thousands of Islamic terrorists and dangerous fanatics of Arabism . Regardless of genes, geography, archaeology ، history and traditions, few understand the imposed Arabic language and no one speaks it in reality . We are pseudo-Arabs only because they stuck an Arabic tag on each one of us .We call on the free people of the world, including individuals, parliaments and friendly countries, to stop calling North Africa the Arab Maghreb and the Arab world and to reconsider the ethnic group so-called Arab League . Do not blackmail the Amazigh peoples intentionally or through ignorance .You cannot be indifferent to the Arab-Islamic ideology because sooner or later it will come to your home.
Thanks for your attention .
portugal will survive on tourism like all of Europe..
learn ENGLISH.. get into tourism… thats their only future…
That’s what 3rd world countries do. Survive on tourism, Portugal is better than that. Besides, Portugal just like other Europeans and Americans Dislike tourists, they aren’t welcomed like in 3rd world countries like Thailand, Phillipines, the caribbean countries ,Brazil etc So, no Europeans won’t survive on Tourism they don’t even like you being there…
Yet, Muslim migrants are flocking into Portugal, for free handouts. There’s money for that….
According to her description locals need to evacuate let alone immigrants to get her a job.
As a portuguese and many others, we all thanks the 50 years of socialism. Way down we go boys.
How about copying the capitalism of Angola, Mozambique, Haiti?.
@@ike637 surely…
Portugal used to have an empire. What happened to loot from the former colonies?
Spent in gay clubs
They thought they were going to be able to extract resources from Brazil, Angola, Mozambique, Guinea Bissau, and Cabo Verde forever. Marquis de Pombal predicted this when he warned the Portuguese ruling class of their over-dependence on foreign colonies. They didn’t listen to him.
Portugal had a massive earthquake in the 18th century, which made Lisbon become one of the richest cities in the world to one of the poorest. And for the remaining loot, it’s all in storage. Portugal has a lot of gold but what’s the point if it’s “reserves” and is never really used to benefit the people
@@jjkanal640 Portuguese thought they would be able to loot Africa forever. Lol never innovated
The countless lavish churches
I know software engineers that make less in Portugal than floor cleaners in Denmark, how on earth one will expect innovation in Portugal ?
Where are professionals fleeing to? Mars?
Luxembourg, Germany, Schwitzerland
@hwfq34fajw9foiffawdiufhuaiwfhw ok Mr. hwfq34fajw9foiffawdiufhuaiwfhw, where does your name come from Mr. hwfq34fajw9foiffawdiufhuaiwfhw, Mars as well?
@@hwfq34fajw9foiffawdiufhuaiwfhw Ok Mr. hwfq34fajw9foiffawdiufhuaiwfhw
By the way, where does your name come from Mr. hwfq34fajw9foiffawdiufhuaiwfhw?? Mars as well?
The Euro sucks
Its an EU problem. Too much money leaves Europe with nothing coming the other way. If we become more self sufficient and develop supply chains within the EU then everyone wins. Across the EU housing is an issue. So lets get costs of materials down and look at public transport, amenities and planning and fix it. Address the issues driving up housing costs and fix those rather than just driving the prices up and forcing people to leave. We need a Europe first.
These days, everybody seems to be fleeing every where. People seem lost tbh. People are actually fleeing where they are fleeing to.
No people are leaving high tax, low wage societies for societies with more balanced financial situations. It’s not rocket science and you dismissing it as such makes the problem worse.
Everyone is fleeing that country to that country where people are fleeing what a S***show eh 😂
These days? Humans have always migrated. Imagine people 500 years ago moving to an unknown land, like the Americas. They were also seeking better opportunities.
Lmao this!
Pathetic politicians, billions of EU funds wasted and a small-minded economy that is miles below the new workforce. Outnumbered youngsters can’t make their views heard or in practice cause of elders, who vote consistently in the same two parties for 50 years. Foreigners pushing prices of utilities, rents and services and salaries that can’t go past 1500€ net is a recipe for disaster. And it won’t change in the near future. We’ll become a country of elders and migrants. A disgrace.
The portuguese economy has been growing at an average of 2% for the last 9 years, significantly above the EU average. So, no, the portuguese economy isn´t stagnated. The main issue is that the economy still can´t afford salaries that are compatible with the growing level of education of it´s people.
Errr Portugal’s economy has been one of the highest growing economy these last few years. I get the idea but you failed on the timing
high rents and home ownership is a big problem in the UK and europe. There needs to be a solution found. No homes . no families . If your wage does not even cover rent, where does that leave you. Also disposable income is needed to support other business.
Thank you for making true news about Portugal, we need to be heard.
Sound like Trinidad and Tobago as well… all the youth are leaving because there is NO JOB AVAILABLE worth the pay
This September was the tenth anniversary of me leaving, I was planning to go for a ten year period to enhance my career and come back probably to something better. Every year that passed I looked into coming back and saw no change, I’ve no come to terms with myself that I’ll only come back on holidays or when I retire – if I’m lucky.
There’s absolutely no long term planning in Portuguese politics, I don’t care what party is in power. I’m not coming back because I’ll pay lower taxes for 5 years, I’m not coming back because I’ll get a benefit for X amount of years.
I want to come back because I want my kids to have proper education, a functioning healthcare system, and above all else affordable housing for everyone.
Portuguese politicians rule with re-election in mind, so they do not dare to change the status quo because they know that won’t get them re-elected, mostly because they’ll ruffle the wrong feathers – the ones that pull the strings.
Until that happens, no corrupt banker will go to jail, no corrupt politician will be trialed, and the cycle of center left center right getting elected will kept on repeating itself ad eternum.
all the grapgic design jobs, programers, moderators etc… i mean all lazy ones are about to be extinct thx to A.I. 🙂
Looool do you have any idea what you are saying!? Programming is a very common and well paid job throughout europe.
The lazy ones! Yeah sure. Don’t celebrate so soon. AI and machines will take over your job too.
@@helenacorreia7613 programers are dying bro you know that
I live in Portugal since 7 years everything here difficult not good to health system all government office behavior very bad
The Tech drones have squeezed out everyone with a normal job worldwide , join the crowd . Thats why everyone loves those entitled kiddies so much
As a Portuguese who is living and working in Germany, I would do anything to be able to return to my home and contribute to my land. Unfortunately, there is nothing there for me and people like me. It is something I think about every single day.
@@pato_bravo me too…
You should stay in Germany because Portugal is an absolutely horrible country don’t go back
Well iam still here. Earning good, but lots of taxes. Maybe, just maybe in the next 10y, things will change.
Because the country is tired of The Left.
The Left did this to the country.
Yeah and portuguese moving to france and germany just make everything worse
@williamMaezawa it’s actually the best country in the world. We just have a terrible government
If Canada was used as an example of an alternative country that’s doing better, Portugal must be really in trouble.
Despite all of the problems that are plaguing Canada it’s still much better than Portugal
What a disingenuous argument. As if people don’t know Portugal has never been anywhere near the economic development Canada has.
im on my 30s in portugal, I am leaving because soon with my wage which is ABOVE the average I will not be able to pay rent nor bills nor eat!!!!!
I left Portugal in 2014 to work in Angola. Best decision I ever made. Still no return in sight except for holidays.
I recommend that young people immigrate. Portugal has zero future for you.
@@dsilva6502 But wages in Angola are way lower than in Portugal
No, they are muuuuch higher for a specialized expat. No comparison.
Is it safe there? @@dsilva6502
@@dsilva6502 When you have specialized skills you have to go where you are needed, save as much money as you can , so you can live where you want.
perfect example of what happens when countries increasing corporate tax to fund education.
Besides being a very xenophobic society, Portugal never developed in any other aspect either. Actually – without the hand out from the EU – they would’ve been in the 20th century forever! I feel sorry for the immigrants there.
I wonder where those colonizers spent ALL the immensely valuables they stole from Brazil and all other countries they invaded.
Everyone fleeing every country. But where?
Portugal is one of the few countries to basically attack expats who moved there and blame them for all their problems, which were caused by actual Portuguese people. Then when the expat visas were banned which has largely prevented anyone from moving there they now have no one else to blame but themselves.
@@SmokyOle “expart” is an elitist term for an imigrant that has money to buy houses at increased prices that locals cant afford anymore.
@LucianoMMatias Regardless. All the housing is owned by wealthy Portuguese elites and real estate hoarders. Blame yourselves for the situation.
@@SmokyOle not really, I work for real state builders in a small town. They used to build and sell a 4 bedrom house for around 175.000€, americans/germans/british/belgians, etc started to buy them to resell to other “expats” for almost twice the amount. A”they also started buying cheap old houses.
Also the imigration from asia and south america pushed for the need of new houses.
Of course this had an efect on prices of housing.
@@LucianoMMatias a culpa continua a ser nossa. Esses “contrutores” nao tem qualquer moral senão não se vendiam a estrangeiros. Nesses paises comprar casa por estrangeiros e muito limitado por lei, ha imensos entraves e é assim que deve ser .
@@jujuba5487 tem razão, mas também percebo o lado deles. Eu faria o mesmo e você também.
Você constrói e vende moradias por 150k e depois vê-as pouco tempo depois revendidas pelo triplo do valor a estrangeiros. O natural é as próximas que fizer anunciar por 300k.
No aldeia perto do mar com uma pequena comunidade belga eles revendem moradias por 600k, e nem são nada de luxuosas. Para o português comum estes valores são inatingíveis.
Man is messed up everywhere stay in that country and find solutions towards thst problem itself rather than running away
rich get richer
poor getting more poor
a world wide dilemma
@@jeromedevotta3406 This.
I’ve been to portugal this summer and I find it a great place. We visit Porto, Lisbon and Algarve, where the majority lives and I find their living standard quite high. Nice homes, nice cars, great public transport, almost no homless people, low food prices…. I checked some property proces, and are lower then in my country (Slovenia). I heared, that there are many digital nomads and retired UK people with money and recently they pushed up the prices, but nevertheless I find the majority very healthy. I dont understand, why do people emigrate from such a beautiful country.
You need to live and work here to find out!
@helenacorreia7613 Maybe you are right. But that we can say for every country. I traveled almost all european countries and many around the world, and I still think that the living standard in Portuglal is very high.
@@mare0088 standard života u Portugalu je poprilično nizak, u Lisabonu pogotovo nakon što su cijene stanova ekplodirale. Običan studio bez režija dođe 900 eura ako se posreći, i to s druge strane rijeke u običnom kvartu koji izgleda gore od istočnoeuropskih socki. Kvaliteta zgrada i kuća je ovdje jako jaaako loša. Prosječna plaća im je 1300 eura čini mi se. Bilo kakva vrsta usluge je potpuno nepouzdana. Ima Portugal dosta problema.
Median (not average) salary is 970 euro. That means 50% of people earn less than that. Houses have rents of 1000 euro. Care to see why? Its not that hard.
I hope Portugal takes its colony of Brazil back, then they’ll be rich(er) again
They don’t even like them. LOL
It’s not doing Brazil much good. Or Angola. Just because the countries have resources, doesn’t mean the people benefit from them.
@@jeanlundi2141 Portugal was rich when it owned Brazil
@@izzyci Yes but not because of Brazil per se (altough brazilians love to believe so). It was also rich before even stepping on Brazil. All countries fluctuate throughout history. The problem with Portugal is WHERE we started after the 1975 dictatorship………we were behind on many many things compared to western european countries.
The real problem Portugal has is it can’t produce anything if the EU doesn’t want to. Before the EU we exported orange for example…we can’t do that now. That’s just one example. The industry suffers from what it is or isn’t allowed to do. Even if we had resources of Brazil or Angola………..it wouldn’t matter if the EU didn’t let us use them.
@@jeanlundi2141 The European Union needs to end. Portugal had it’s own union of the Lusosphere and it’s shining gem was Brazil where a Portuguese person could go to live an adventure, make money, and have 10 kids who all speak Portuguese, not lecturing me in English on YouTube
Life is getting harder day by day in Portugal.
Not important at all as Portugal is importing huge numbers of Uber drivers from Pakistan and India, coffee shop employees from Brazil, whatever from Africa and so on. All those who will turn Portugal in the next superpower!
@@vaipocaraxo7581 Yep! This is why I chose to move to Japan instead. I took a look at Portugal and thought its importing all the problems I was trying to escape.
@@jw841 you took the right decision, you did well my friend. The World is becoming narrower and narrower for people like us, isn´t it? Very sad but true.
Corruption. And the Portuguese people, instead of actually taking action, just do memes. Social media activists don’t change anything.
Yet generation Z is getting fired left and right because they are not good 😂😂
almost like occidental education is a joke, and their children are considered mentally stunted compared to the secular and civilized world 😂
Hold your horses! But Mário Centeno, the governor of the Bank of Portugal, and former Minister of Finance when the socialist party (PS) was in power between 2015-2020, has recently claimed that Portugal can attract highly educated individuals and that compared to countries like Germany and Denmark, we actually have less highly educated young people fleeing the country. He claims the “numbers are misleading”. Now, now… get your facts straight (*read with intense sarcasm* – this country is where dreams of a better future come to die)
The young eager are leaving. The older have collected big piles of cash are pouring in. Same story almost everywhere.
It’s horrible what our politicians have done to our country. I’m a part of the statistic, I’m 25 and living in Switzerland. I don’t plan on returning ever.
You are correct because you are now on the outside looking in, and seeing things in a diferent view!!! but people in Portugal can’t see the corruption within the government, it’s astounding!
Same thing is happening in my country. Except for those like me with STEM degrees. Wonder why
The more people are leaving the country, the worst it will get. This mentality of leaving your country for “better opportunities” just won’t help the economy.
Start small, create communities, create spaces and experiences. Open your doors to new things, know your strengths, your goals, your worth: if you don’t have any: CREATE! Make it happen.
When I visited Portugal 15 years ago, the cities were empty. Back then I remember that people leaving the country was already a big issue for the country.
It’s time for them to stop this vicious circle, it’s not helping anyone.
All these people leaving is no accident the euro and 2008 destroyed our economy and forced austerity made everything worse thank you eu bastards specially germans that destroyed the only government that was working because it wasnt the type of democracy they wanted
The Portuguese are naturally migratorial. We twice in our history lost 50% of our population to our colonies. It will happen forever. Luxemburg and northen europe just looks like to be the next place to go. Around 70% never even return to Portugal. Also, fertility of the Portuguese increase when abroad, so a Portuguese that had a fertility of 1.4 can go up to 3.2 abroad (This happaned trought our history, even in Africa).
@ what a dumb comment read a book there is nothing oüabout portuguese culture that makes people imigrate its the economy dummy
So discouraging for someone who wishes to return… 💔
Thank you socialism!
The only one who can save Portugal now is Cristiano Ronaldo
The idea that the portuguese economy has to grow is absolute bullshit. Despite the FMI’s profoundly disasterous intervention and continuous capitulation to EU limitations of several areas of commerce and production, and an almost complete reliance of tourism, Portugal’s economy has been on par, if not better, with all the other developed western economies. The reason why Portugal’s educated youth are leavint the country is because of our neoliberal government ( despite the ruling part pretending to be center left or center right) continues to insist on this bullshit falacy that the economy has to grow before wages and pensions can be increased. This has been the rethoric for some 20 years, and the economy has mostly grown in that period. Equally growing is the cost of living and inflation, but never the value of work. People get payed less for 1h’s work today, proportionally, than they did 20 or 30 years ago. This is why educated people, with some means, are leaving
True!
Another defender of the magical money tree that blames everything on “neoliberal” government despite having had a government from the left with various degrees of extremism during the last 8+ years. Some people want higher wages, higher pensions, free education and health, and more social grants, but with lower taxes and no growth. Well, unfortunately, math doesn’t work like that, it’s a zero-sum game where you have to take from one side to put on the other, the growth has been residual and behind the Eastern European countries. As for the value of work, if you have an open borders policy with cheap labour coming in, obviously the wages will stay low and the more qualified people will leave. Add the rich retired people coming in and you have the perfect mix. A couple of overcrowded big cities where the prices don’t go down because there’s still plenty of demand and no work outside cities besides the low wages ones.
Lower taxes and get rid of bureaucracies.
Agreed.
Yeah so german firms can make even more profit off us … the currency is the problem not the taxes
It’s always been like that in Portugal, they always get out of their country to find job and comeback for their retirement
Socialism brings misery
She looks like a Lesbian
Don’t worry. Prince Harry is moving there. 😂
High corporate taxes keeps business investors away, so aswell it’s jobs for the Portuguese citizens…this is the result of a combination open borders policy allowing migrant cheap labor to come in from extremely poor third world countries and last 50 years of socialist mentality with anti capitalism laws. Portugal just can’t live on turism alone, but the government doesn’t care about creating jobs because the ECB cash cow is always available to give them all the money (government corruption is at all time high) and the people will the pay these loans+interest with higher taxes…Portugal is no longer safe, has a poor economy and it’s culture will vanish within a short time. It’s sad to say the rest of Europe is on the same path of destruction!!!
Portugal want to reduce the hours work per week from 40 to 35, just figure that out. Their economy will fall apart, if that law passes!!!
First time? 🇨🇦
Cursed of Colonialism
That is probably you. Your mind was colonized.
Everyone is leaving… I’m one of the few who’s staying. Most of my friends plan on leaving, I’m in the minority. Such a beautiful country but so poorly managed… may god save us…
(reminder that Portugal is not just Lisbon!)
Great comment. Stay strong!
Please, we have been leaving for 8 centuries, is just part of our DNA. Even if Portugal was a rich country people would still leave.
“Para nascer, Portugal; para morrer, o mundo.” P. António Vieira XVII
People just like to whine. Fluctuation in economy happen throughout human history. People like to catastrosphize everything. I don’t judge anyone emigrating because I’ve done in the past as well. But I’m tired of people fearmongering around these topics. Just live your life and chill. Things are economically difficult, ok.
@@CT-eq9kmentrar na eu nao ajudou e ficar tambem nao vai ajudar precisamos do escudo
Didn’t they just get rid of their nomad visa?
Oh wow, that sounds like a really tough situation for Portugal
Europoors
These people don’t realize how fortunate they are compared to us in the States.
Too many 3rd world immigrants in Portugal now
Portuguese people are usually super attached to their country. I left and plan to come back, but with the right conditions, on my own terms. Hopefully soon. It’s very tough but possible. There are no perfect societies, and I can’t imagine myself living too far away without the prospect of ever coming back. Fight for your future, don’t abandon your dreams. That’s my only message to my Portuguese people. And don’t hesitate to leave so that you can come back on your own terms, you’ll grow as a person, a citizen of the world, and you’ll be better prepared to fully enjoy this beautiful gem located in southwestern europe. Sporting!
Couldn´t find better people to interview, hein.
Stagnating economy?
6.8% in 2022, 2.5% in 2023, 1,7% in 2024.
Many European countries are worse off than that.
Sad sad
Come live in São João de Ver, it’s cheaper(an 3 room apartment is 140k euros) and is 20 minutes from Oporto!
Roman Catholicism and socialism destroyed Portugal. Portugal does not have much future but the Portuguese will be able to get by.
The Portuguese should follow the Protestant reform, the Portuguese are more united and community than the Spaniards, the French or the Italians. They will get through this thanks to Jesus.
One thing you can’t find in Lisbon is locals. All Indian.
It’s not that at all
Portugal economy is not stagnant
It’s the salary and the socialist measures that don’t allow for higher salaries
They increased the minimum wage wage but it’s peanuts
The problem with Portugal now is simple, after 50 years of democratic rule the country has reached a level of development that for the next step needs two words, TECHNOLOGICAL TRANSFER, reason?
The country trains highly qualified people every year through public and private universities and institutes, the quality of higher education in Portugal is above average, which means that the country has two options, or train people to go and enrich third countries that do not paid for training, or create a strategy to retain young graduates every year to create wealth.
The only possible way out is the second option, the country must know how to capture economic and business groups, a 360 degree strategy, global therefore, not to build hotels that we already have enough, but rather the only sector that creates true wealth sustainable industry.
To achieve this, it is necessary for the State to grant tax incentives to industries to establish themselves in the country, using their headquarters in Portugal as a currency of exchange that
carry out this technological transfer.
Within 15 years, Portugal will have a GDP identical to that of the Netherlands, which is a country with a smaller area and just 4 million more inhabitants, this should be a clear objective.
“Holand” will never let Portugal to thrive economically, that’s one of our problems in my opinion, for centuries they have being doing that to our country.
@20680 the Portuguese are smarter you will see what happens.
Welfare state arrived before getting rich.
Graphic designer… no wonder you can’t find a job…just saying…
Don’t ever come here. This place is no going to grow in any of our live times
You need to wonder why in Nordic countries the salaries are so good compared to Portugal.. this efficient low cost capitalism that enrich only a tine minority is not good… Money needs to be taken from the rich by force… Capitalism makes rich more richer and poor more poorer.. it’s by design… That’s why the state needs to intervene and take money from the rich and create jobs with those money… Fighting poverty should be the main concern for EU USA .. distributing wealth it is very important if we want to continue with capitalism
yeah you pick the worst example
Portugal has always been poor. I can’t think of any time when Portugal was not poor. They have been migrating for centuries. It’s good for the foreigners who actually believe their false crime reports. They feel ” safe” because they believe the lies about safety.
The good thing is that if you come from richer countries, most things seem cheap, but not for those who earn a Portuguese minimum wage.
@@teddydavis2339 wrong, Portugal hasn’t always been poor. You say that because you are a typical brazilian who knows nothing about portuguese history. And apparently you also are not aware of how much safer Portugal is compared to a country with very high levels of criminality as Brazil
Portuguese are good people that suffer in silence. They must learn to complain and make noise when public officers don’t do their job.
Portugal is only for some…only some have the opportunities, in an unfair way.
I worked on a top institution in London in healthcare, and I cant get a job in my county, in my field, despite having a Masters degree and years of experience. They advertise jobs with `immediate availability` (meaning only graduated students and unemployed people are accepted).
At other times, it is a CV only application, skewed to favour certificate stacking candidates rather than what`s needed for a *team* role. And if you ask around, they see no problem, it is all good and dandy. The lack of insight and integrity is mesmerizing.
In 2024 you still dont have a train between Porto and Madrid. It is a lovely country for sea, and weather etc, but man, you do have to put up with a lot here.
I moved to Portugal 2 years ago. I speak the language and have a job with a foreign salary because otherwise its just impossible to get a foot on the ground.
My observation is that despite there being a housing crisis there is an unreal amount of abandoned buildings. If you are anywhere in Greater Lisbon I challenge you to leave your house, walk 500 meters to the left or right and not find at least two.
Why is the government not expropriating these houses?
Because we have lousy politicians, that’s why.
There are many reasons. It’s partly cultural. The country has handled these abandoned buildings for decades in a different way than perhaps you came from. It doesn’t mean it’s right or wrong. Now, when it comes time to “improve the economy” (etc) you may apply a simplistic reasoning where the new country you are in ‘should’ do what everyone else does. But there are many factors. One major aspect is us portuguese like to conserve things from the past. You say….renovate these places then……yes but we don’t have the money as a country. Maybe in Norway they never faced that problem. Portugal is a very, very old country. But we can’t snap our fingers and renovate everything.
@jeanlundi2141 @jeanlundi2141 mate I come from East Germany. I remember a lot of my city in ruins when I was a child. Yes Germany is a bigger economy but it also had way more cities to rebuild. Portugal has EU money and rich Brazilians coming in that all go to Lisbon and the Algarve. If you only had abandoned houses outside of these areas I would agree with you but Lisbon is a really small place. To get to your cultural point… and right or wrong… mate how is suffering from this the most? Young Portuguese people! There is nothing complicated about this. Force the owners to renovate or expropriate them
@@hago7568 You are ovesimplifying. Germany is incomparable to Portugal. I’m not even going to mention the Marshall plan. I’ll just say that in 1975 when we ended the dictatorship here………we were suuuper behind western europe in many many ways.
We are not all starting from the same place. And most abandoned houses ARE in the big cities like Lisbon and Porto. The abandon buildings are always teh OLD buildings. You can’t mess with the outside for example. There are some funky laws regarding prority….I couldn’t expound on the details. My point is…….redtape wise (yes, redtape IS a problem here in Portugal fore SURE) it’s a lot of hassle. Even if you force the owneres to renovate, it doesn’t benefit anyone if they don’t want to lease or sell.
And yes I’m a youngish portuguese person, of course I want solutions. I’m just saying that those buildings are not the crux of the matter. It might be cheaper to even build more buildings elsewhere.
@@jeanlundi2141 @jeanlundi2141 the Marshall plan benefited West Germany not East Germany and happened in the 1950. I was talking about 1990+ in East Germany. I also wrote that the abandoned houses are indeed in the cities which makes it so ludicrous.
I guess at the end of the day you have two options. Either keep the place a Disneyland for foreigners or create a liveable city for the people who live here.
You can very well force the owners to renovate and rent or sell. Sorry I just don’t understand why you are overcomplicating this. This sort of intervention is literally why you have a Portuguese state otherwise just do unchecked Cowboy capitalism and end up where we are right now.
Full of dunces
brain drain and rampant Indians , RIP Portugal
Europe can’t innovate. As a result, Europe will not create the future.
I hit $113k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject.
Eurostat data contradicts this video…
This has been the case in Portugal for decades. My generation (Gen X and people who are in the cusp with the millennials) had to do the same; most of us have been living and working abroad. Portugal is mostly a retirement and tourism spot, as per the plan of the big controllers of the EU.
Socialism my friends, Socialism (Marxism)!!!
As someone that made alliances with the Extreme/Far-Left to govern Portugal said: HABITUEM-SE!!! (translation: Get use to it!!!) — Antonio Costa aka monhe’!
My mother is in her 50’s. She earns about 1k a month but she will leave the country because they want her to pay 1.2k for rent. Time to go to better wage and a less expensive city like Paris or Berlin
Portugal ain’t cheap no more because rich people use Portugal as a holiday village and this make the price of everything rise.
It is a horrible country for the young and the elderly
lets sail through the sea to make it
This is the way it is supposed to work. People with specific skills need to move where they can make the most money, I did. Not everyone can work in tourism. Taxes need to be lowered to attract small companies. Young people from Portugal are needed in Germany.
I bet the politicians are just fine and happy in Portugal.
Socialists in Portugal had the best idea: taxing Europeans folks who retired in Portugal.
Taxing them MORE than if they had retired in their own countries :))
capitalism at its finest
Portugal’s problem is that socialist/comunist ideology has brought it only misery. Think of it like Venezuela but completely dependent on EU subsidies.
Stagnation seems to apply to a lot of things in the economy.
I live in Portugal and have a remote job based in the US. It’s a crazy system but no where in southern Europe has managed to turn their fortunes around.
Well I hope they are not going to Canada 👎😅😂🤣
Habibi! Come to Sri Lanka 🙌 😎🌞🏖️🌴🌺