Explanatory Memorandum to COM(2012)142 - Amendment of Implementing Decision 2011/344/EU on granting Union financial assistance to Portugal - Main contents
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This page contains a limited version of this dossier in the EU Monitor.
dossier | COM(2012)142 - Amendment of Implementing Decision 2011/344/EU on granting Union financial assistance to Portugal. |
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source | COM(2012)142 |
date | 19-03-2012 |
In line with Article 3(9) of Decision 2011/344/EU, the Commission, together with the IMF and in liaison with the ECB, has conducted the third review to assess the progress on the implementation of the agreed measures as well as their effectiveness and economic and social impact.
Taking into account the recent economic, fiscal and financial developments and policy actions, the Commission considers that limited changes to the economic policy conditions underpinning the assistance are necessary to secure the programme's objectives, as explained in the recitals of the proposed amendments to the Council implementing Decision.