/ world today news/ Portugal became the second country from the Eurozone, after Ireland, to exit the anti-crisis program of the EU and the IMF and restore its financial independence, reported AFP.
“Portugal has managed to overcome one of the most difficult crises in its history, but we still have a lot to do. Fiscal discipline will be one of our daily tasks,” said Portuguese Prime Minister Pedro Paso Coelho.
After an emergency meeting on Saturday, the Portuguese government issued a document titled “Development Course” that sent a signal to investors that it was ready to continue the necessary reforms and cut costs.
Previously, Portugal announced its refusal of additional financial assistance from the EU under the program to assist member countries. Later, the international rating agency Moody’s raised Portugal’s credit rating by one point – to the Ba2 level.
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