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With Israel in its third year of recession, the finance minister job is a crucial one.
Take Portugal, now into a third year of recession, where the president has asked the Constitutional Court to rule on the legality of unprecedented tax increases.
Cyprus has entered its third year of recession, with GDP showing a 5.4% decline in the second quarter compared with last year.
Indeed some employees say they feel blessed just to have a job, with Puerto Rico in its third year of recession and unemployment at nearly 12percentt.
With Portugal in a third year of recession, Mr. Portas increasingly sought to distance himself and his party from the unpopular spending cuts and tax increases enforced by his government.
The meeting of finance ministers and central bank governors from the Group of 20 countries came as the Organization for Economic Cooperation and Development forecast that the euro zone economies would endure a third year of recession in 2014.
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Beleaguered Greeks are set to endure a sixth year of recession in 2013.
Argentina has had five presidents in the last year and is in its fourth year of recession.
"We're starting the sixth year of recession," said Rick Van Osten, the executive vice president of the Builders League of South Jersey.
Further budgetary tightening will make it even harder to stimulate an economy now in its fourth year of recession.
With Greece's economy entering its fourth year of recession, its entrepreneurs are eager to reverse a frightening tide.
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Justyna Jupowicz-Kozak
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