Author (Person) | Scarpetta, Vincenzo |
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Publisher | Open Europe |
Series Title | Blog |
Series Details | 28.01.16 |
Publication Date | 28/01/2016 |
Content Type | News |
The European Commission could ask the new Portuguese government in the spring of 2016 to tweak its draft budget for 2016 and implement bigger structural deficit cuts. Such a request could put Portuguese Prime Minister António Costa on a collision course with either the Commission in Brussels, or his leftist allies in Lisbon. In a letter sent by the European Commission to Portugal on the 27 January 2016 the Commission highlighted risks of 'particularly serious non-compliance' with eurozone deficit-reduction obligations. Rating agencies also threatened downgrades. |
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Source Link | Link to Main Source http://openeurope.org.uk/today/blog/portugals-new-government-faces-first-hurdle-over-2016-budget/ |
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Countries / Regions | Portugal |