After a ‘miracle’ compromise by Portugal’s left wing government, its 2016 budget deficit and growth projections have been lowered. The European Commission had demanded from Lisbon a revision of its budget on Tuesday, 2 February. Lisbon obliged, but met the European Commission “half-way,” in fiscal terms. At an extraordinary meeting of the College of the European Commission on Friday, the Commission ruled that Portugal’s 2016 Draft Budgetary Plan is at risk of non-compliance with the provisions o...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now