June 9, 2014 / 1:26 PM / 4 years ago

Portugal prime minister says bailout is over

LISBON, June 9 (Reuters) - Portugal’s bailout is over and will not be reopened by the rejection by the country’s constitutional court of a series of austerity measures, Prime Minister Pedro Passos Coelho said on Monday.

“The assistance programme was concluded on May 17 and I don’t intend to reopen it,” the prime minister told journalists.

The prime minister reiterated the country’s budget deficit goals of 4 percent of gross domestic product this year and 2.5 percent next year.

The constitutional court’s rejection of measures could risk the country’s budget goals because they have a fiscal cost of up to 700 million euros. The government is currently considering alternative measures.

Reporting By Axel Bugge

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below