euronews Business's video: Portugal no longer breaking EU budget deficit rules - economy

Portugal's budget situation has improved so much that the European Commission says it is no longer breaking EU rules. Six years after it had to be bailed out, Lisbon's budget deficit for 2016 was two percent, well below the EU limit of three percent of gross domestic product. Economic Affairs Commissioner Pierre Moscovici called it very good and very important news for Portugal: "Based on the available information at this stage, and reassurances that we received from the Portuguese governmen… READ MORE : http://www.euronews.com/2017/05/22/portugal-no-longer-breaking-eu-budget-deficit-rules euronews business brings you latest updates from the world of finance and economy, in-depth analysis, interviews, infographics and more Subscribe for daily dose of business news: http://bit.ly/1pcHCzj Made by euronews, the most watched news channel in Europe.