Following the invitation contained in the October 2009 Council Conclusions, 21 EU Member States included in their respective 2009-2010 Stability and Convergence Programmes (SCPs) information related to the reform of domestic fiscal frameworks. However, detailed information on the scope of these...

The global financial crisis induced a sharp deterioration in EU countries' public finances with government deficits and debt reaching levels unprecedented in recent times. Importantly, this crisis has also brought attention the fact that the countries that have experienced the sharpest...

This report by European Commission staff provides an overview of the challenges faced by Portugal and the objectives and design of the economic and financial programme. Following a request by Portugal on 7 April 2011, the European Commission, ECB and IMF negotiated an Economic Adjustment...

This report has been prepared to provide a general overview and assessment of the performance of the Portuguese economy under the EU/IMF adjustment programme and the remaining challenges ahead. Portugal's recent exit from the Programme implied the lapsing of the 12th and final review of...