Tue, 15 May 2012 05:07:22 GMT
Portugal meets its deficit target this year
Portugal is taking drastic measures in order to meet its bailout requirements, but the initiatives do not
ensure the country's presence on markets next year, the Bank of Portugal
reported on Monday. The central bank acknowledged
that the government significantly consolidated the budget last year, bringing the budget deficit
to 4.2 % of GDP. Portugal is determined to meet a deficit target of 4.5