Confidence in Portugal's capacity to comply

Olli Rehn, 

European Commissioner for Economic Affairs

The troika has given Portugal another year to balance its defict.

European Commissioner for Economic Affairs 

said on Tuesday that the extension for one year, 

of the adjustment program for Portugal to reduce its deficit 

"will soften the social impact and economic costs in the short term"  

which is "necessary. "

"This extension, as well as the fact that the Portuguese authorities 

expect to be able to cover any additional financing needs, 

are more a testament to the growing credibility of Portugal," he said.

Arguing that, "in an environment with many external challenges," 

Portugal has managed to continue the successful implementation 

of its program of economic adjustment, 

Rehn pointed out that, 

"As a result, confidence in Portugal among its international partners 

and investors continues to grow".

In a statement issued in Brussels 

after completing the mission of the 'troika' (European Commission, 

European Central Bank and International Monetary Fund) 

for the fifth revision of the adjustment program for Portugal, 

Olli Rehn underlined that "that it will be important for Portugal 

to continue to implement all aspects of the program 

with the same degree of determination in the coming months. "

Olli Rehn said he was:
"fully aware that this adjustment and reforms 
can also bring difficulties to many Portuguese citizens in the short term," 
however, that "the program is to create the conditions 
for sustainable public finances, balanced growth 
and more and better Portuguese jobs for the people. "

Now all that Portugal doesn't need right now, 

is that hysterical socialists and Co. 

will try to sink the international confidence 

in Portugal's determination and ability 

to fully comply with the program of financial adjustment,

which was negotiated and agreed on by the very same socialists, 

who now want to create a political crisis in the country.

As Sócrates used to say: "É só o que me faltava!"