- Analytics
- News and Tools
- Market News
- French Finance Minister: Portugal does not deserve sanctions because of the budget deficit
French Finance Minister: Portugal does not deserve sanctions because of the budget deficit
"Portugal has made significant progress in dealing with the budget deficit reduction and therefore does not deserve EU sanctions on public finances", - French Finance Minister Michel Sapin said. "The European Commission has the right to initiate disciplinary proceedings, but I do not see the need for the conduct of sanctions against Portugal.", - Said Sapin at a press conference.
Recall, on Thursday, the European Commission launched formal disciplinary proceedings against Spain and Portugal due to their excessive deficits in 2014 and 2015. These procedures may result in fines for the two countries before the end of July. Such sanctions have never been used, and it remains unclear whether they will be applied at this time. The EU Council will decide on the recommendations of the Commission at its next meeting on July 12th.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
