News

Brussels asks Centeno to continue reforms

Page created: Monday, 19 March 2018 15:35 GMT

Tags:

The European Commission wants the Portuguese Government to continue the reform path, focusing on decreasing external, private and public debt from the country. Valdis Dombrovskis, vice president for the Euro, asks Mário Centeno to make further efforts “to achieve a sustainable correction of the imbalances”, is stated in the letter.

“The Commission wishes to encourage the government to continue on the reform path”, is stated in the letter sent by Valdis Dombrovskis and Pierre Moscovici to the Portuguese Finance minister. “Further efforts are necessary to achieve a sustainable correction of the imbalances” Portugal still faces, Brussels adds.

still faces, Brussels adds.

This letter means to pressure Lisbon into presenting the next strategical documents in order to meet Brussels’ concerns. “The Commission calls on the Portuguese authorities to submit an ambitious and detailed National Reform Programme and Stability Programme with the view to underpin the sustainable correction of imbalances”, Dombrovskis and Moscovici add. Both signal they will “monitor closely policy action and the evolution of imbalances in the context of the specific monitoring”.