Arab Today, arab today eu gives portugal an extra year to reduce its deficit
Last Updated : GMT 16:53:24
Arab Today, arab today
Arab Today, arab today

EU gives Portugal an extra year to reduce its deficit

Arab Today, arab today

Arab Today, arab today EU gives Portugal an extra year to reduce its deficit

Brussels - KUNA

EU finance and economic ministers meeting in Luxembourg today agreed to give Portugal an extra year, until 2014, to correct its excessive government deficit The ministers in a statement said they presented a revised recommendation to Portugal on measures to be taken to bring its government deficit below the EU\'s 3% of GDP reference value in 2014, and relaxed the deficit targets set for 2012 and 2013. The recommendation sets deficit targets of 5,0% of GDP for 2012, 4,5 % of GDP for 2013 and 2,5 % of GDP for 2014. This follows the fifth review by the so-called troika (the European Commission and the IMF, in liaison with the European Central Bank) of progress by Portugal in implementing its economic adjustment programme. According to the Euroean Commission\'s economic outlook for Portugal, real GDP is expected to contract by 3 % in 2012. For both 2013 and 2014, it has been revised downward by about 1 percentage point, to around -1 % and +1 % respectively.. Portugal last year received a 78 billion euro bailout from the EU and the IMF to deal with its financial crisis. Finance ministers from the 17-member Eurozone yesterday decided to release 800 million euros from the bailout for Portgual.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu gives portugal an extra year to reduce its deficit Arab Today, arab today eu gives portugal an extra year to reduce its deficit

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu gives portugal an extra year to reduce its deficit Arab Today, arab today eu gives portugal an extra year to reduce its deficit

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday