Like/Tweet/+1
Latest topics
» Rainbows in European Mythology
by Neon Knight Today at 14:47

» What is your religion or phylosophical moral code?
by Sary Yesterday at 23:14

» Now listening to . . .
by Neon Knight Fri 12 Apr - 23:47

» Brexit Saga Update
by Neon Knight Fri 12 Apr - 22:53

» UK Migration Issues
by Neon Knight Thu 11 Apr - 20:56

» What do the Irish think of the English?
by Neon Knight Tue 9 Apr - 23:40

» UK: 'feral kids overrun drug-ridden jails'
by OsricPearl Mon 8 Apr - 3:46

» Old Film Trailers (to 2009)
by Sary Sun 7 Apr - 23:26

» Rise of Nationalist Parties in Europe
by Neon Knight Sat 6 Apr - 12:24

» Science Knowledge Quiz
by Sary Wed 3 Apr - 1:01

» Germany's AfD Party
by Neon Knight Tue 2 Apr - 17:13

» Animals - News & General
by OsricPearl Mon 1 Apr - 3:18

» 24 genes linked to wealth
by OsricPearl Fri 29 Mar - 16:14

» Mexican President Demands Reparations
by OsricPearl Thu 28 Mar - 2:22

» New Genetic Study of Iberians
by OsricPearl Tue 26 Mar - 15:31

» The Marrakesh Migration Declaration / Pact
by Neon Knight Mon 18 Mar - 21:28

» Personality traits linked to political orientation
by Neon Knight Sun 17 Mar - 23:42

» Christchurch Massacre - Right Wing Extremism
by OsricPearl Sat 16 Mar - 18:41

» Favourite Film Scenes
by Neon Knight Sat 16 Mar - 3:03

» Political Systems
by OsricPearl Mon 11 Mar - 2:57

» Monty Python Scenes & Sketches
by Neon Knight Sat 9 Mar - 21:15

» Why the paranormal is probably real
by Sary Sat 9 Mar - 15:42

» Classic TV Adverts
by Neon Knight Fri 1 Mar - 22:38

» My strange Phenotype
by Neon Knight Fri 1 Mar - 0:50

» Finland, Luxembourg & Ireland worst for anti-black harassment
by OsricPearl Thu 28 Feb - 14:45

» Language Test for Political Type
by OsricPearl Mon 25 Feb - 4:30

» Liberals lecture and conservatives communicate
by OsricPearl Mon 25 Feb - 4:27

» Alarming decline in flying insects
by Sary Tue 19 Feb - 1:44

» Financial incentives for Hungarian women to have more children
by Neon Knight Wed 13 Feb - 0:18

» Classic TV Theme Music
by Neon Knight Sun 10 Feb - 22:48

» Song Cover-Versions & Originals
by Neon Knight Wed 6 Feb - 23:09

» Personality Differences in Twitter and Facebook Users
by Neon Knight Wed 6 Feb - 0:21

» 23andMe update
by Sary Fri 1 Feb - 0:36

» Genes for staying slim do exist
by OsricPearl Wed 30 Jan - 4:14

» Popular music has become more emotionally negative
by Neon Knight Mon 28 Jan - 0:38

» Pronouncing ö and ü in German
by Neon Knight Thu 24 Jan - 22:31

» Government Shutdown over Border Wall
by OsricPearl Mon 21 Jan - 18:28

» Historical European Martial Arts, Arms & Armour
by Neon Knight Sun 20 Jan - 18:34

» How Poisons Kill
by Sary Fri 18 Jan - 0:27

» Blond hair has more genetic variants
by OsricPearl Tue 15 Jan - 3:25


Portugal exits EU's budget deficit watchlist

Reply to topic

View previous topic View next topic Go down

Portugal exits EU's budget deficit watchlist Empty Portugal exits EU's budget deficit watchlist

Post Viriato on Sun 18 Jun - 19:52

Portugal is no longer in breach of the EU’s budget rules, officials say, which cap a country’s deficit at three percent of gdp.

A budget deficit is when annual government spending exceeds the money coming in.

The news comes six years after an international bailout.

“This notion of having a more inclusive policy, and not just a short term vision that only sees cuts, is absolutely essential for the development of the Portuguese economy in the next decade,” said Mário Centeno, Portuguese Finance Minister.

Portugal’s budget deficit stands now at at two percent of GDP – an historic low for the country since it adopted the single currency.

Only four countries are part of the excessive deficit procedure “black list”, reports euronews’ Isabel Marques da Silva. They are France, Spain, Greece and United Kingdom.

Our correspondent says that the European Commission will focus its attention now on Portugal’s public debt which is 130% of the GDP, more than double of the limit established by EU rules.

in: http://www.euronews.com/2017/05/22/portugal-exits-eu-s-budget-deficit-watchlist
Viriato
Viriato
Um cavaleiro do castelo

Male Posts : 12
Join date : 2017-06-18

Back to top Go down

Portugal exits EU's budget deficit watchlist Empty Re: Portugal exits EU's budget deficit watchlist

Post Neon Knight on Sun 18 Jun - 20:14

Do you think it is best for Portugal to keep the Euro currency?

----------------------------------------------------------------------------------------------------------------------------------------------------------------------

Between the velvet lies, there's a truth that's hard as steel
The vision never dies, life's a never ending wheel
- R.J.Dio
Neon Knight
Neon Knight
The Castellan

Male Posts : 1364
Join date : 2017-03-05

http://castle-europa.forumotion.com

Back to top Go down

Portugal exits EU's budget deficit watchlist Empty Re: Portugal exits EU's budget deficit watchlist

Post Viriato on Sun 18 Jun - 20:52

Absolutely. Perhaps we shouldn't have joined the Euro club but now that we're in, leaving the currency would be catastrophic for us. Like the article states, our public debt is still 130% of the GDP. We have to fix that issue first. Leaving the Euro right now and turning back to our old currency (Escudo) which is worth way less than the Euro would lead to inflation. Now imagine paying our debt (which is valued in euros) with the extremely devalued Escudo...our economy would just colapse.

----------------------------------------------------------------------------------------------------------------------------------------------------------------------
Portugal exits EU's budget deficit watchlist 871196
Viriato
Viriato
Um cavaleiro do castelo

Male Posts : 12
Join date : 2017-06-18

Back to top Go down

Portugal exits EU's budget deficit watchlist Empty Re: Portugal exits EU's budget deficit watchlist

Post OsricPearl on Wed 15 Nov - 17:56

Congrats on having a government that is able to do that.

OsricPearl
OsricPearl
A lady of the castle

Female Posts : 275
Join date : 2017-08-07

Back to top Go down

Portugal exits EU's budget deficit watchlist Empty Re: Portugal exits EU's budget deficit watchlist

Post Sponsored content


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

Permissions in this forum:
You can reply to topics in this forum