Tag Archives: 'European Commission'
The European Commission approved the plans regarding CGD and BPI and had reached an agreement with the Portuguese authorities about the plan to restructure BCP.
The Spanish newspaper El País reported Lisbon was negocatiating further financial aid with the European Commission, but the news was denied by the EU.
Tuesday, 2 July: “Maintain the same firm and constant path” is the advice from European Commissioner for Economic Affairs, Olli Rehn to new Portuguese finance minister, Maria Luís Albuquerque who takes over from Vítor Gaspar after his resignation on Monday.
The privatisation of 95% of ANA, retaining the remaining 5% for employees, brought in €3.08bn to the state coffers.
During an official visit to European institutions, President Cavaco Silva also appealed to Portugal’s EU partners for help.
The new targets proposed by the European Commission for Portugal are 5.5% for this year, 4% for next year and 2.5% for 2015.
The EC forecasts for 2013 paint a bleaker picture for Portugal, with the economy expected to contract by 2.3% this year after a previous estimate of a 1.9% slowdown.
According to President Cavaco Silva, the media played a role in “spreading” the notion that the Constitutional Court’s decision meant that a no-confidence vote against the government had been approved.
The European Commission said that the results of the 7th troika assessment depended on the measures the Portuguese government will adopt to get round the Constitutional Court’s decision.
At a news conference in Vienna, Barroso said he did not rule out another term in his current post.