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Western EuropeMay 1 2018

Finance minister sees Portugal's efforts rewarded

Portugal's finance minister, Mário Centeno, believes his election as president of the EU’s Eurogroup reflects the country’s efforts to achieve economic recovery, and proves anti-austerity policies can be compatible with EU fiscal rules. Peter Wise reports.
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Mário Centeno, a Harvard-trained economist, had no previous experience in government when he was appointed Portugal's finance minister in November 2015. Two years later, he was elected president of the Eurogroup of eurozone finance ministers in what he views as an acknowledgment of Portugal’s economic turnaround.

“It is only fair to view my election as a recognition of our people’s efforts and the achievements of the Portuguese economy in recent years,” he says. “Portugal today is an example of a successful economic adjustment in the euro area. We managed to build on the efforts made during the crisis years, steering the economy out of recession, reactivating the job market and delivering sustainable and inclusive growth.”

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