The Minister of Finance, Fernando Medina, with foreign journalists in Lisbon, in a reduction of the objective of increasing the debt to protect families and companies from the public debt of the expected interest rates. It’s the newspaper Financial Times (FT) that reports it today in its local, adding that Medina wants to remove Portugal from the “podium” of the three countries with the highest public debt in the European Union. Portugal is the third most indebted country, after Greece and Italy.
“Confronted with rising finances, the clear signs of easing in central Europe and the prospect of higher interest rates, we cannot afford an additional risk factor,” said the finance minister, quoted by the FT. .
Medina’s “strategic objective” comes at a time when spreads of sovereign debt in the euro zone increases, with the Central Bank preparing a rate hike that could happen as early as July, recalls the British newspaper.
According to the families in the FT, Fernando Medina advanced that the reduction in the weight of bank debt had a positive impact on the system, companies and companies at the time of uncertainty.
caused by the war in Ukraine and restrictions on supply chains by China.
Germany asks for packaging
Yesterday, the British daily told the German finance ministers for greater discipline from member states. Declarations below the Growth Pact (after the European Commission will have to prolong the suspension of the rules of the Stability and Growth Pact), which oblige the Product to Maintain Gross Domestic Deficits of 3%.
Christian Lindner told the FT that “the fact that member states can now deviate from the Stability and Growth Pact does not mean they should actually do so”.
On the sidelines of the ministers’ meeting last week, the definer is anchored in Germany, he will return to the national debt brake, which is not giving our mandate, which means he is anchored in Germany. other EU countries must follow suit.
The energies of the PEC were suspended because of the covid-19 pandemic and were scheduled to come back into effect for the 2023 budgets. .