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The head of the European Central Bank told leading Portuguese decision makers on Thursday not to unravel reforms carried out during the past few years, when the country was under painful austerity during an international bailout.
Draghi, speaking to members of the president's advisory council of state, said all euro members have worked to reform their economies in the past few years.
"Portugal's reform efforts were in this regard both remarkable and necessary," Draghi said in the presentation, which was made available by the ECB. "We now see clear signs that these remarkable efforts are paying off here and elsewhere."
"There is no case for unravelling past reforms," he said.
His appearance at the council meeting, the first one to be held under Portugal's new president Marcelo Rebelo de Sousa, was unprecedented and marked the first time a foreign official has appeared.
Portugal's new Socialist government, which rules together with the far left Communists and Left Bloc, has begun to roll back some cost-cutting measures launched under the country's bailout, such as wage hikes for public workers.
(Reuters)
Intanto il massacro continua
(rendimento 10y e 20y ultimo mese)
Draghi, speaking to members of the president's advisory council of state, said all euro members have worked to reform their economies in the past few years.
"Portugal's reform efforts were in this regard both remarkable and necessary," Draghi said in the presentation, which was made available by the ECB. "We now see clear signs that these remarkable efforts are paying off here and elsewhere."
"There is no case for unravelling past reforms," he said.
His appearance at the council meeting, the first one to be held under Portugal's new president Marcelo Rebelo de Sousa, was unprecedented and marked the first time a foreign official has appeared.
Portugal's new Socialist government, which rules together with the far left Communists and Left Bloc, has begun to roll back some cost-cutting measures launched under the country's bailout, such as wage hikes for public workers.
(Reuters)
Intanto il massacro continua
(rendimento 10y e 20y ultimo mese)