Wien, 5. October 2012 Press release

Austria appreciates Portugal’s efforts of budget consolidation

State Secretary Lopatka meets with Portuguese State Secretary for EU Affairs, Luis Miguel Morais Leitão

Vienna, 5 October 2012 – “The European partners owe praise to Portugal for its serious striving to boost its competitiveness and improve its current account”, State Secretary Lopatka said today in the working meeting with his Portuguese colleague State-Secretary Morais Leitão.

The discussions revolved around the European measures for stabilising the economic and financial crisis, as also around the multi-annual financial framework and the economic situation of Portugal. “We have seen mass protests of the social partners, the businesses and the Portuguese people. All this illustrates the stress the country is experiencing. We are happy about the first positive developments in Portugal”, State Secretary Lopatka said.

The positive developments have also been confirmed by the outcome of the 5th evaluation mission of the troika of the European Commission, the European Central Bank and the International Monetary Fund in September of this year. “The restructuring programme in Portugal is proceeding according to plan and the government is intent on continuing economic adjustments and reforms”, Lopatka said after his meeting with Leitão. The discussion of the multi-annual financial framework was particularly intensive.

Portugal thanked Austria for its continued support and praised the excellent bilateral relations between the two countries. Generally speaking, the competitiveness of Portugal has been increased and state spending was under control, Leitão said. The country still pursues the goal of returning to the capital market in September 2013. The next evaluation by the troika is planned for November 2012.

“We hope that we will be able to strengthen our economic relations with Portugal in view of the positive developments”, State Secretary Lopatka concluded.

 

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