Proposal for a Council Implementing Decision approving the update of the macroeconomic adjustment programme of Portugal

Upon a request by Portugal, the Council granted financial assistance to Portugal on 17 May 2011 (Council Implementing Decision 2011/344/EU) in support of a strong economic and reform programme aiming at restoring confidence, enabling the return of the economy to sustainable growth, and safeguarding financial stability in Portugal, the euro area and the EU.

In line with Article 3(10) of Decision 2011/344/EU, the Commission, together with the International Monetary Fund (IMF) and in liaison with the European Central Bank (ECB), has conducted the combined eight and ninth reviews review to assess the progress on the implementation of the agreed measures as well as their effectiveness and economic and social impact.

Taking into account of intervened information, the Commission proposes to amend Decision 2011/344/EU.

EUR-Lex: COM(2013)763: Follow the progress of this proposal through the decision-making procedure http://eur-lex.europa.eu/legal-content/EN/HIS/?uri=COM:2013:763:FIN

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