Portugal classified as one of 5 EU countries with "Excessive Economic Imbalances"

Vice-president Valdis Dombrovskis

Portugal has just been included in 

the 5 EU state with Excessive economic imbalances:

Portugal, France, Italy, Croacia and Cyprus.

It is the MOST negative classification.

This classification focusses on the global economic situation of the countries,

who have ignored the rules of the EU, without taking the necessary measures recommended by the EU commission, which can result in very high fines.

Portugal is included in this most negative classification, 

because of the structural fragilities in its economy, 

its extremely low productivity, 

its high level of indebtness, 

by the State as well as the private sector, 

and its mantainance of a high unemployment rate!

Another problem is the issue of bad credit, 

which affects the capacity of the country's economic growth.

What does Centeno and Costa say about this??

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