The Finance Minister said that for Portugal, the period of the recession has passed. The university’s summer PSD, Maria Luís Albuquerque found that Mario Draghi is to buy time for Europe.
In the final stretch of the university’s summer PSD, Finance Minister says that periods of growth and recession does not last forever, but right now the worst has passed for Portugal.
“This recession has passed, we have low growth? We are. Do not have the dynamism that we would like to have? It’s true, we do not have, but have we not have our European partners, has the world at large, “he said.
Maria Luís praises the recent economic stimulus measures announced by Mario Draghi but warning:. Facilities will one day have to end
“What he is doing is to Europe to buy time, “he said, noting that the period of the facilities’ must be well used because it can not be eternal.”
The minister says that Portugal made structural reforms in their own right and has the ECB support for what we still need to do, but there are priorities.
“Budget consolidation has to be a priority objective of debt reduction must be a priority goal,” he said.
Maria Luís Albuquerque believes that there will be a new cycle of growth for the country, but it is not known how or when.
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