Press Release: Eurogroup Statement – Portugal

The Eurogroup, the European Commission and the ECB welcome the ambitious additional consolidation measures adopted by the Portuguese government yesterday, which cover both
2010 and 2011. With these measures, decisive steps are being taken towards meeting the budgetary targets of 7.3% of GDP for 2010 and 4.6% of GDP for 2011. This budgetary path will contribute to the stabilisation of the public debt level as planned and to subsequently bringing it back on a downward path.