Former Bank of Portugal governor Mário Centeno warned that Portugal could face an excessive deficit procedure if the deficit rises above 0.5%.
Mario Centeno said public accounts face a deep deficit and, if Brussels does not redefine budget targets, the state will have to cut 12 billion euros over the next two years.
The shading behind a date drains as it ages: full when new, three quarters at 1 hour, half at 6 hours, a quarter at 12 hours, empty after a day. The date is when the source published it.