www.lionsdailynews.com friday, june 24 , 2011
www.lionsdailynews.com friday, june 24 , 2011
www.lionsdailynews.com friday, june 24 , 2011
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eprofiling<br />
the crisis<br />
when brussels starts sprouting new words, you know the<br />
global economy is in trouble. or do you? Ricardo Costa,<br />
editor-in-chief of expresso, ponders on what advertising can<br />
learn from political creativity<br />
IS THERE any connection between the economic<br />
crisis and creativity? nobody knows for sure, me<br />
included. but one thing i’m certain of: the recession in<br />
which portugal will spend the next few years will not<br />
diminish the creativity or imagination of our advertisers. a<br />
country and a market of our size has this advantage: actually,<br />
we do not know what it is to live without being in a crisis. and<br />
that’s a huge advantage for us over our <strong>com</strong>petitors. creativity,<br />
efficiency, imagination and art do not depend on more or less<br />
money or more or less investment.<br />
does a growing market, eventually, facilitate talent? undoubtedly.<br />
but also some waste. and waste is a luxury that the portuguese<br />
cannot afford to have in the <strong>com</strong>ing years. talent exists<br />
and will be exploited more effectively in <strong>com</strong>ing times.<br />
even politicians have realised it. and when politicians find<br />
things quickly, everyone should stop and think why. even advertisers.<br />
european politics is a fantastic example of creativity. despite the<br />
fact that these days the european project is somehow unhealthy<br />
and the future seems bleak, this crisis proved that politicians are<br />
some of the best advertisers in the world.<br />
for years the word “restructuring” was banned in europe. sovereign<br />
debt restructuring, of course. the word was banned and<br />
the mechanism to do it as well. but as the problem was growing<br />
and restructuring gained momentum; the solution found was<br />
brilliant.<br />
last month, european politicians have started talking about<br />
debt reprofiling. reprofiling? yes. i bet that the reader had never<br />
heard of it before and the reason is simple. because reprofil-<br />
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portugal 55<br />
reprofiling is a great idea. it<br />
avoids the forbidden word and<br />
invents a way to face the market<br />
with redoubled confidence<br />
ricardo costa<br />
ing did not exist in finance or politics. but now it exists and in<br />
practice means the same thing as restructuring.<br />
the word caused a huge buzz and confusion. reuters did<br />
a piece entirely dedicated to reprofiling. economic newspapers<br />
dedicated full pages and tons of articles to discussing the word.<br />
i like this example because reprofiling is a great idea. it avoids<br />
the forbidden word and invents a new way to face the market<br />
with redoubled confidence. it was a super rebranding of the<br />
debt crisis in europe. a great idea.<br />
but, as in everyday advertising campaigns, having a good<br />
idea or theme is not enough. you have to find a way to reach the<br />
consumer in order for them to buy your product or service. it’s<br />
the same with politics. if brussels eurocrats do create and sustain<br />
a policy as innovative as the word they found to define it<br />
(reprofiling), then we’d go from a big idea to a possible sell.<br />
see you all in lisbon in november for eurobest <strong>2011</strong>!!^<br />
FRIDAY, JUNE <strong>24</strong>,<strong>2011</strong>