Compliance of member states should be compensated

Portugal’s economic adjustment programme should be renegotiated as compensation for the country’s efforts to comply with demands set out, said the Eurogroup president.

Jean Claude Juncker, who is preparing to step down as the euro zone finance ministerial chairman, was answering a question from PS socialist Elisa Ferreira during a European Parliament session last week.

He said it would be desirable to “implement a compensation system for complying countries”.

“In the case of Portugal, I would like to see the renegotiation of the adjustment programme and financial and budgetary conditions that go with it,” said Juncker.

However, he declined to comment further about his suggestion. “I will not say what compensations should be attributed to complying member states like Greece and Portugal,” he said of an issue that is still up for discussion.