European Commission

MEMO

Brussels, 18 April 2013

Statement by EC, ECB and IMF on staff visit to Portugal

A joint mission comprising staff teams from European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Lisbon during April 15-18. The mission discussed with the government compensating policy measures for meeting the agreed fiscal deficit targets given the recent Constitutional Court ruling and reviewed progress on the on-going public expenditure review. Discussions will continue with the aim of securing a timely completion of the seventh review.