LISBON Dani Alves Paris Saint-Germain Jersey , Feb. 26 (Xinhua) -- Representatives of Portugal's international lenders Wednesday met with lawmakers, members of employer organizations and trade unions as part of their 11th assessment of the country's implementation of its bailout program.
Representatives of the troika, comprising the European Commission, the International Monetary Fund and the European Central Bank, focused their discussions with the Portuguese on reforms of the pensions system with a view to identifying permanent measures to ensure its sustainability.
Portugal's Constitutional Court last month ruled that the government's decision to cut public sector pension by 10 percent is unlawful.
As a result the government had to seek alternative savings to compensate for the 388 million euros (532 million U.S. dollars) to keep its budget-cutting efforts on track. The government plans to increase healthcare contributions of public sector employees from the current 2.5 percent to 3.5 percent.
Other issues to be discussed during troika's assessment are means of limiting future increases in electricity prices and measures to "encourage wage flexibility" and reduce incentives for workers to resort to the courts if they are sacked.
Under a 78-billion-euro bailout agreement with the troika in May 2011 Christopher Nkunku Paris Saint-Germain Jersey , Portugal has had to implement a tough austerity policy, which has been blamed for the deepening recession in the country and has also sparked strong discontent among the general public.
The Portuguese government is confident that the country will be able to exit the bailout program in June this year as scheduled after an early sign of economic recovery emerged in the second half of last year.
On Jan. 17, Prime Minister Pedro Passos Coelho ruled out a second bailout for the country after it successfully exits the bailout program with the international lenders in June.
He said that the government would decide at a later date whether or not it will apply for the precautionary credit line after the exit.
However, economists warned that Portugal's economy remains at risk and the government needs to make efforts to further stabilize its finance and stimulate economic growth. (1 euro = 1.37 U.S. dollars)
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HONG KONG, Dec. 26 (Xinhua) -- The general situation in the Asia-Pacific region has been stable through the year of 2015 as favorable economic and political factors keep emerging.
The region in the year of 2016 will brace for growing economic opportunities Blank Paris Saint-Germain Jersey , China's bigger role and the uncertain security environment.
Inclusiveness and win-win cooperation have become the mainstream concepts in the Asia-Pacific prosperity and development in 2015. Forging inclusive economy and jointly promoting prosperity in the region was a consensus reached at the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' meeting in Manila, the Philippines, in November.