The mission of the International Monetary Fund (IMF) to Portugal made a very severe evaluation of the Portuguese adjustment program, but the European Commission, which released its version in late December, also not is behind and gives 36 note % in the examination of structural reforms.
The government, through the Prime Minister, Pedro Passos Coelho, argued on Friday that the conclusions of the IMF reflect “a reality that no longer exists.”
In any case, an analysis of the Technical Unit of Budget Support (UTAO) released the night before last, shows that the European Commission also gave a negative note the implementation of the package of structural reforms in the economy: only 36% of combined measures (five of 14) were “observed”. Chumbou three and six stamped with “limited progress”. European rating is end of December.
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