Another Europe News
Portugal judged on track to meet deficit goal
It is not out of deep water yet but debt-burdened Portugal is on course to meet this year’s budget deficit goal, according to inspectors.
Officials from the EU, European Central Bank and IMF have been carrying out the first review of the country’s 78-billion-euro international bailout.
“The good news is that the programme in our view is on track,” said Poul Thomsen, head of the IMF delegation. He added that “the new government has not only fully endorsed the programme but underscored that it intends to implement key measures ahead of time.”
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