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Portugal Eligible for Further EU Assistance

Portugal Eligible for Further EU Assistance

For the latest immigration news on Portugal's eligibility for further EU assistance, please visit the official website of WorldWay Investment Immigration.

WorldWay Immigration5619 reads

    Olli Rehn, Vice-President of the European Commission and Commissioner for Economic and Monetary Affairs, recently stated that the EU is prepared to provide further assistance to Portugal after its bailout program expires next May. Europe will honor its commitment to continue providing funding, provided that Portugal continues to advance its current reforms.
 
    Rehn pointed out that the current priority is to conclude the existing bailout program, and it is crucial for Portugal to adhere to fiscal discipline and promote structural reforms in the coming years. Portuguese Prime Minister Pedro Passos Coelho stated that after exiting the bailout program, Portugal faces two scenarios: one is to evaluate a short-term EU credit line, and the other is to follow Ireland's path by exiting the bailout and returning to the market.
 

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