Tags: deficit

Troika rejects Portugal plea to relax deficit targets But the so-called “troika” of lenders – the European Commission, International Monetary Fund and European Central Bank – warned that “market concerns about the predictability of policymaking” required Lisbon to remain “resolute” in cutting public spending. Full News here – Read more on Financial Times

Portugal minister says bringing deficit down fully will take years LISBON (Reuters) – Portugal will take many years to fully reduce its budget deficit, its finance minister acknowledged on Tuesday, adding that the IMF and World Bank were close to concluding an evaluation of further spending cuts. Additional spending … Full News here – Read…