“In the suspension of the funds, we have to make a proposal, but there is a way to avoid a suspension effective that is to meet the commitments of this year”, said the commissioner for Economic and Financial Affairs, during a meeting with Portuguese journalists in Brussels.
that is, whatever the decision of the Commission, if the deficit targets demanded by Brussels have been met, Portugal will never be without access to community funds. The deficit may not exceed 2.5% and the structural balance may not deteriorate this year.
The responsible committee underlined that the European Commission uses a strategy of encouragement and not punishment. “The work of the Commission is to assess the budget and reforms, but also to support [the countries]. Support and persuasion are the best ways. Better than punishment,” he stressed.
How is it that the Government can achieve these goals? Moscovici made a point of saying that you do not want to interfere in the type of measures or fiscal strategy that will enable the Uk to achieve its objectives. “We fully recognize the right the right of governments to make their policy choices. My duty is to ensure that the rules are respected,” he added.
* The journalist travelled at the invitation of the European Commission
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