Memo: European Commission report concludes progress on fiscal, economic and structural reforms in Portugal

The European Commission has published its staff assessment following the second review of the EU and IMF-supported financial assistance programme for Portugal, carried out in Lisbon from 7 to 16 November 2011.

The report concludes that, overall, Portugal has made good progress on a number of fronts, as requested by the Council of Ministers (implementing Decision 2011/344/EU). This paves the way for the third instalment of €5.3 billion in European funding to Portugal in January 2012.