Statement: Eurogroup Statement on the Draft Budgetary Plan of Portugal for 2016

On 11 February 2016, the Eurogroup discussed the Draft Budgetary Plan (DBP) of Portugal, submitted on 22 January, on the basis of the European Commission's Opinion, which was published on 5 February.

The Eurogroup welcomed the set of additional fiscal measures publicly announced by the Portuguese authorities on 5 February 2016 following contacts with the Commission. At the same time, the Eurogroup agreed with the Commission's assessment that the budget remained at risk of non-compliance with the requirements of the Stability and Growth Pact.

ESO: Background Information: European Commission adopts Opinion on Portugal's 2016 Draft Budgetary Plan http://www.europeansources.info/record/european-commission-adopts-opinion-on-portugals-2016-draft-budgetary-plan/

ESO: Background Information: Eurogroup meeting, 11 February 2016 http://www.europeansources.info/record/eurogroup-meeting-11-february-2016/

Eurogroup: Statements and remarks: Remarks by J. Dijsselbloem following the Eurogroup meeting of 11 February 2016 http://www.consilium.europa.eu/en/press/press-releases/2016/02/11-eurogroup-jd-remarks/

European Commission: Speech: Commissioner Moscovici remarks at the Eurogroup press conference http://europa.eu/rapid/press-release_SPEECH-16-290_en.htm

Politico, 11.02.16: Eurogroup warns Portugal on budget http://www.politico.eu/article/eurogroup-warns-portugal-on-budget-default-dijsselbloem-schauble-antonio-costa/

---