The debt went up by just over €8 billion from the €241 billion and a bit at the beginning of the year, meaning every man, woman and child in the country owed about €24,000 in January and their liabilities have grown some €800 in just six months.
In this year’s Stability Plan, which was presented in April, the government undertook to bring the debt down to 127.9% of GDP after it reached 130.3% at the end of last year.
This figure tells usn that Portugal is in line with Greece and Italy and should continue to be under Troika supervision for a very long time. This is despite the massive effort to increase GDP.
By Thomas from Lisbon on 23 Aug 2017, 07:21