Coelho Won’t Follow Spain in Seeking More Room on Deficit
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Prime Minister Pedro Passos Coelho said he won’t mimic Spain and seek to ease Portugal’s deficit targets to withstand a deepening recession.
Portugal will “absolutely not” alter the deficit goals it pledged in return for a European Union-led aid package last year, Passos Coelho said in an interview in Lisbon yesterday. “Spain is in a different situation. They have more space to maneuver to get to the target in 2013. We are in an adjustment program, so we cannot fail the targets.”