Portugal Back to Good Fiscal Shape, Says EU
According to Portugal’s National Statistics Institute, last year’s budget deficit fell to 2.1% of GDP, the lowest value since 1974. The European Commission opened the Excessive Deficit Procedures (EDP) on 7 October 2009 for failing to meet the 3% budget deficit limit under EU rules. After 7 years, 7 months and 15 days, on May…