Portugal:DEO Vitor Gaspar threat to "leave the euro"

"The alternative of returning to past behavior implies a more radical version, bankruptcy and exit from the euro," reads the Fiscal Strategy Document (DEO) today handed over by the Government in Parliament, in the evening, and the Express had access.

Earlier, the Minister of Finance announced to Members that the purpose of government passes by cutting the deficit 6.2 billion by 2017, without specifying what measures defends the Executive to get there. In a sign of openness to dialogue that the government still expects to have the PS and the social partners, the DEO is, according to the Minister of Finance, "the document more open that could have produced."

According to the document, the Government undertook to send to Brussels today, "the Portuguese options are very limited", "face with determination and the pursuit of balanced budgets and reducing public debt with permanent goals while maintaining a commitment continuous process of adjustment "or" return to atavistic behavior exceeded, disregarding sacrifíocios made and progress. "

The first option is referred to by the Government as reflecting a "sense of responsibility" that can "definitively resolve the structural problems" the country. And going by "demanding and accepting budgetary realities facing facing tough decisions." Among them "a real transformation of public administrations."

The second option - does not meet the agenda of austerity and structural reforms - implies, according to the document, "a more radical version bankruptcy and exit from the euro" and "a mitigated version, a route with painful Portuguese sovereignty reduced during an extended period of time. "

"The troika would become a regular and constant in our country," says the government, which says that it is "to give up or postpone the construction of a modern open and Portugal."

The document, approved today in the council of ministers, concludes that Portugal "postponed successively changing economic and financial framework necessary for participation in the euro area" and states that, notwithstanding terms traveled "since April 2011 a narrow and arduous" , "the adjustment will only be complete with a real transformation of public administrations."

According to government forecasts will need 6 billion austerity until 2017, focusing on 4700 million between 2014 and 2016. The document predicts GDP growth of 2.2% in 2017 and unemployment at the same date, more than 16%.