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Portuguese Prime Minister: Aid Has Ended and Will Not Be Reopened

Portuguese Prime Minister: Aid Has Ended and Will Not Be Reopened

Portuguese Prime Minister: Aid Has Ended and Will Not Be Reopened. The best immigration information is available on the WorldWay Investment Immigration official website.

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According to the latest news from WorldWay: 6th of September, Portuguese Prime Minister Pedro Passos Coelho stated in an interview that the aid in Portugal has ended, and due to the country's constitutional court rejecting a series of austerity measures, the aid will not be reopened.

 

Coelho said: “The aid program ended on May 17, and I do not intend to reopen it.” He added that Portugal is now only discussing the final payment with creditors.

 

Coelho reiterated that Portugal aims to achieve a budget deficit of 4% of GDP this year and a target of 2.5% next year.

 

However, the decision of the Portuguese constitutional court may prevent the country from achieving this goal, as these austerity measures could save up to 700 million euros in fiscal costs. The government is currently considering alternative solutions.

 

  Editor: WorldWay

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