On Monday 20 January the Euro area finance ministers asked the Portuguese government to consider taking, “in due course, the additional budgetary measures” required to ensure that the draft 2020 budget plan complies with European fiscal rules.
The European Commission believes that there is a risk that Portugal’s draft budget plan for 2020 may breach the Stability and Growth Pact by making provision for a lower than required structural budgetary adjustment (not including the cyclical...