Where is Portugal in the European peloton?

ECO News,

Eurostat disclosed the numbers for growth, unemployment, deficit and debt of all 28 EU countries in 2017. Is Portugal a front-runner or is the country in the rear-end of the economic recovery peloton?

Portugal has the second largest deficit in Europe

ECO News,

Eurostat confirms that including CGD's recapitalization, the Portuguese deficit stood at 3%, only behind Spain. Even without CGD, Portugal is in 19th place in the fiscal balance rating.

IMF only sees a 0.7% deficit in 2021

ECO News,

The Government foresees in the Stability Programme that Portugal will have a 0.7% deficit this year. However. the International Monetary Fund (IMF) foresees that will only happen in 2021.

The Bank of Portugal blames KPMG for flaws in BES

ECO News,

The Bank of Portugal has moved forward with formal accusations to the auditor KPMG and three other people in charge, including the CEO, Sikander Sattar. Fines can reach 2.5 million euros.

The Government confirms a 0.7% deficit in 2018

ECO News,

The 2018-2022 Stability Programme shows the Government's optimism about the economy. The deficit will fall to 0.7% of GDP this year. And there will be a fiscal surplus of 0.7% in 2020.

Finland asks to end tax agreement with Portugal

ECO News,

The 2016 agreement has not yet arrived in the Portuguese Parliament, according to the Finnish Finance Ministry. The Finnish law will be enforced if there isn't a replacement for the old treaty.