Press Release: Commission assesses updated Stability Programme of Portugal

On 8.3.00, the European Commission adopted a Recommendation to the Council of Ministers on the updated Stability Programme of Portugal (2000-2004). The Commission concluded that the medium-term budgetary targets are in line with the requirements of the Stability and Growth Pact, although the adjustment strategy is not fully in line with the Broad Economic Policy Guidelines. On the basis of the Commission's Recommendation, the Council is expected to adopt a formal opinion on the updated Portuguese programme on 13.3.00.