The population of Portugal is around 10 million. Out of this number, only a third lives in a city. The rest live in the beautiful rural areas of this relatively undiscovered country. The Portuguese are a social group of people. It is very common to see them in groups eating, drinking or dancing. The family is very important in Portuguese culture. Despite their easy going mannerisms, formality rules when people are introduced. However once friendships are established, everything becomes much less formal, or even casual in nature.
Though the Portuguese are courteous, there are few things that may seem to show something different. Punctuality: This is something that does not seem to be high on the list of priorities …show more content…
The gesture carries only a vague meaning, implying the presence of Satan, malevolence and loud guitar music, and is used in much the same way as head banging. Historically, however, the symbol basically means “cuckold” (or rather, “your wife is cheating on you”), and its origins are Mediterranean, possibly dating back to Ancient Greece. The corna is still popular in Portugal and seems to be used most often to disagree with football referees - perhaps their wives are taking advantage of their husband’s occupation to score with hunky football players - though only when the referee make an incorrect decision, of …show more content…
Most exports also go to other European Union member states. Portugal's central bank is the Banco de Portugal, which is part of the European System of Central Banks. The major stock exchange is the Euronext Lisbon which is part of the NYSE Euronext, the first global stock exchange.
The educational system remains underdeveloped and the country has been increasingly overshadowed by lower-cost producers in Central Europe and Asia as a target for foreign direct investment. These long-term problems have hindered much economic growth.
The Financial Crisis of 2008 is still affecting the Portuguese economy severely, causing a wide range of domestic problems specifically related to the levels of public deficit in the economy, as well as the excessive debt levels, soaring up to at least 223% of Portugal's GDP. Nonetheless, the government faces tough choices in its attempts to stimulate the economy, while attempting to maintain its public deficit around the EU average. It has been predicted that the Portuguese economy will not significantly recover until 2012.
In the first weeks of 2010, renewed anxiety about the excessive levels of debt in some EU countries and, more generally, about the health of the euro has spread from Ireland and Greece to Portugal, Spain and