Portugal's fellow euro states keep wary eye on its budget
BRUSSELS (AP) — Portugal's fellow states in the 19-nation eurozone are keeping a wary eye on its new government's plans to roll back budget austerity measures, with the bloc's top executive and Germany both warning the country not to miss deficit targets.
The EU Commission has insisted that budgetary rigor is needed to keep economies healthy and make sure nations are not burdened by excessive debt, which helped cause financial crises in several countries, notably Greece.
[...] Dijsselbloem said he "heard the new government in Lisbon say that they are very committed to the growth and stability pact and very committed to the budgetary rules that we have."