Economic Adjustment Programme for Portugal information
Bailout plan for Portugal
The Economic Adjustment Programme for Portugal, usually referred to as the Bailout programme, is a Memorandum of understanding on financial assistance to the Portuguese Republic in order to cope with the 2010–14 Portuguese financial crisis.
The three-year programme was signed in May 2011 by the Portuguese Government under then-Prime Minister José Sócrates of the Socialist Party (PS) on one hand, and on the other hand by the European Commission on behalf of the Eurogroup, the European Central Bank (ECB) and the International Monetary Fund (IMF).
In June 2014, under the leadership of then-Prime Minister Pedro Passos Coelho of the Social Democratic Party (PSD),[1] Portugal exited the €78 billion programme, with a concluding tranche of €0.4 billion being disbursed in November 2014.
^Portugal, Rádio e Televisão de (4 May 2014). "Passos Coelho anuncia saída limpa do programa da troika". Passos Coelho anuncia saída limpa do programa da troika (in Portuguese). Retrieved 15 September 2023.
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