Vítor Gaspar
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Vítor Gaspar
Vítor Louçã Rabaça Gaspar (born 9 November 1960), GCIH is a Portuguese economist and former politician, who served as Minister of Finance and Minister of State in the XIX Constitutional Government of Portugal from 21 June 2011 until his resignation on 2 July 2013. Education Gaspar holds a degree in economics from the Universidade Católica Portuguesa (UCP) in 1982. He received a PhD in economics from the Universidade Nova de Lisboa in 1988. Financial career Gaspar was the director-general for research at the European Central Bank for six years. Then he became an adviser to the Bank of Portugal, having been from 2007 director-general at the Bureau of European Policy Advisers (ERI) with the President of the European Commission. Political career Without any previous political activity, he was appointed Minister of Finance in Pedro Passos Coelho's cabinet on 21 June 2011. In this capacity, Gaspar's policies included a firm intention to accomplish the European Union/ IMF-led ...
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Order Of Prince Henry
The Order of Prince Henry ( pt, Ordem do Infante Dom Henrique) is a Portuguese order of knighthood created on 2 June 1960, to commemorate the quincentenary of the death of the Portuguese prince Henry the Navigator, one of the main initiators of the Age of Discovery. Minor reforms of the constitution of the Order occurred in 1962 and 1980. It is a five-tier order, whose titles are awarded for relevant services to Portugal and for services in the expansion of the Portuguese culture, its history and its values (with a particular focus on its maritime history). The number of members in each grade is restricted by its constitution, and titles are conferred by special decree by the Grand Master of the Order, i.e., the President of Portugal. Grades The order includes several classes; in decreasing order of seniority, these are: * Grand Collar (''Grande-Colar'' – GColIH) * Grand Cross (''Grã-Cruz'' – GCIH) * Grand Officer (''Grande-Oficial'' – GOIH) * Commander (''Comenda ...
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Bank Of Portugal
The Banco de Portugal (English: Bank of Portugal) is the central bank of the Portuguese Republic. The bank was founded by royal charter in 1846, during the reign of Queen Maria II of Portugal, by a merger of the '' Banco de Lisboa'' (Bank of Lisbon), the first bank founded in Portugal, and the ''Companhia Confiança Nacional'' (National Insurance Company), making it one of the oldest banks in continuous operation in the world. It is a full member of the Eurosystem and the European System of Central Banks. History Foundation Queen Maria II of Portugal established the bank by royal charter on 19 November 1846 to act as a commercial bank and issuing bank, it came about as the result of a merger of the Banco de Lisboa, the first bank founded in Portugal, and the Companhia de Confiança Nacional, an investment company specialised in the financing of the public debt. The bank was designated by the Portuguese Crown as the emitter of legal tender, at the time the Portuguese real, wh ...
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Derogation
Derogation, in civil law and common law, is the partial suppression of a law. In contrast, annulment is the total abolition of a law by explicit repeal, and obrogation is the partial or total modification or repeal of a law by the imposition of a later and contrary one. It is sometimes used, loosely, to mean abrogation, as in the legal maxim ''lex posterior derogat priori'' ("a subsequent law derogates the previous one"). The term is also used in Catholic canon law,Manual of Canon Law, pg. 69 and in this context differs from dispensation in that it applies to the law, whereas dispensation applies to specific people affected by the law. Statutory interpretation Under the derogation cannon of statutory interpretation "statutes in derogation of the common law" should be narrowly construed. Terrorism A UK law permitting warrantless arrest and detention on suspicion of terrorist involvement was found to violate protected rights, according to the ECHR decision in '' Brogan v. The ...
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RTP1
RTP1 (''RTP um'') is a Portuguese free-to-air television channel owned and operated by state-owned public broadcaster Rádio e Televisão de Portugal (RTP). It is the company's flagship television channel, and is known for broadcasting mainstream and generalist programming, including '' Telejornal'' news bulletins, prime time drama, cinema and entertainment, and major breaking news, sports and special events. It was launched on 7 March 1957 as the first regular television service in Portugal. It was the only one until 25 December 1968, when RTP launched a second channel. Two regional channels followed, RTP Madeira on 6 August 1972 and RTP Açores on 10 August 1975. As RTP held a monopoly on television broadcasting in the country, they were the only television channels until the first commercial television was launched on 6 October 1992, when SIC started broadcasting nationwide. The channel was initially simply referred to as "RTP". It received other names, such as "I Program ...
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Social Security
Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance programs which provide support only to those who have previously contributed (e.g. most pension systems), as opposed to ''social assistance'' programs which provide support on the basis of need alone (e.g. most disability benefits). The International Labour Organization defines social security as covering support for those in old age, support for the maintenance of children, medical treatment, parental and sick leave, unemployment and disability benefits, and support for sufferers of occupational injury. More broadly, welfare may also encompass efforts to provide a basic level of well-being through free or subsidized ''social services'' such as healthcare, education, infrastructure, vocational training, and publ ...
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Education In Portugal
Education is a purposeful activity directed at achieving certain aims, such as transmitting knowledge or fostering skills and character traits. These aims may include the development of understanding, rationality, kindness, and honesty. Various researchers emphasize the role of critical thinking in order to distinguish education from indoctrination. Some theorists require that education results in an improvement of the student while others prefer a value-neutral definition of the term. In a slightly different sense, education may also refer, not to the process, but to the product of this process: the mental states and dispositions possessed by educated people. Education originated as the transmission of cultural heritage from one generation to the next. Today, educational goals increasingly encompass new ideas such as the liberation of learners, skills needed for modern society, empathy, and complex vocational skills. Types of education are commonly divided into formal, ...
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Health In Portugal
According to the World Bank income level classification, Portugal is considered to be a high income country. Its population was of 10,283,822 people, by 1 July 2019. WHO estimates that 21.7% of the population is 65 or more years of age (2018), a proportion that is higher than the estimates for the WHO European Region (15.1% by the same year). Changes in health and demographic consequences During the last 50 years, the health of the Portuguese population has improved dramatically, accompanying a similar global trend. Current social and health-related challenges in the country are deeply influenced by low fertility and population aging. Child mortality In 1950, 14.03% of all the children born in Portugal died before reaching 5 years of age. At the same time, child mortality rate in Europe was 10.92%, while in the world it was on average 22.54%. In 2015, only 0.28% of all the children born in Portugal died before the age of 5 (0.58% in Europe and 4.5% in the world). Similarly, i ...
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Destak
''Destak'' is a Portuguese free daily newspaper that runs in Portugal and Brazil. In Portugal, it is distributed in Lisbon, Porto and Coimbra, and also other Portuguese cities. In Brazil, it is distributed in São Paulo, Rio de Janeiro, Brasília, Campinas and Recife. It is the first free newspaper in Portugal (excluding some local publications, such as free university student journals), prior to the Portuguese edition of Metro International. The paper is chiefly offered at rail and subway stations, but also at cafeterias, universities, offices and hospitals. It has also an online newspaper. History and profile ''Destak'' was launched in September 2001 by António Stilwell Zilhão, Francisco Pinto Barbosa and Gonçalo Sousa Uva as a weekly newspaper, and became a daily newspaper in November 2004. The paper is part of Cofina. Following the Portuguese success ''Destak'' was launched in Brazil in the cities of São Paulo, Rio de Janeiro, Brasília, Campinas and Recife. Destak had a ...
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Civil Servant
The civil service is a collective term for a sector of government composed mainly of career civil servants hired on professional merit rather than appointed or elected, whose institutional tenure typically survives transitions of political leadership. A civil servant, also known as a public servant, is a person employed in the public sector by a government department or agency for public sector undertakings. Civil servants work for central and state governments, and answer to the government, not a political party. The extent of civil servants of a state as part of the "civil service" varies from country to country. In the United Kingdom (UK), for instance, only Crown (national government) employees are referred to as "civil servants" whereas employees of local authorities (counties, cities and similar administrations) are generally referred to as "local government civil service officers", who are considered public servants but not civil servants. Thus, in the UK, a civil servant is ...
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Public Sector
The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, infrastructure, public transit, public education, along with health care and those working for the government itself, such as elected officials. The public sector might provide services that a non-payer cannot be excluded from (such as street lighting), services which benefit all of society rather than just the individual who uses the service. Public enterprises, or state-owned enterprises, are self-financing commercial enterprises that are under public ownership which provide various private goods and services for sale and usually operate on a commercial basis. Organizations that are not part of the public sector are either part of the private sector or voluntary sector. The private sector is composed of the economic sectors that are intende ...
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Sovereign Debt
A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector. Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues. Government debt may be owed to domestic residents, as well as to foreign residents. If owed to foreign residents, that quantity is included in the country's external debt. In 2020, the value of government debt worldwide was $87.4 US trillion, or 99% measured as a share of gross domestic product (GDP). Government debt accounted for almost 40% of all debt (which includes corporate and household debt), the highest share since the 1960s. The rise in government debt since 2007 is largely attributable to the global financial crisis of 2007–2008, and the COVID-19 pandemic. The ability of government to issue debt has been central to state formation and to state building. Public debt ...
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International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ...
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