Portugal has agreed with the EU, the IMF and the European Central Bank of the Finnish Program

Representatives of the EU, the IMF and the ECB agreed with the authorities of the Portuguese of the country's financial support program and improve the economic condition of the state, the European Commission's message testifies.

Portugal burdened with debts requested help from the EU and the IMF in early April. Since April 18, the "three" of creditors were negotiating with the authorities of Portugal under the program for improving the state of the country's economy, without which the EU will not be able to provide financial support funds, RIA Novosti reports.

The press conference with the IMF, the EU, the ECB according to the results of negotiations on the financial support program was scheduled for May 5, at 12:00 central European time in Lisbon, the representative of the EC told the agency. Earlier it was reported that this event will take place only after the coordination of the details of the plan of economic consolidation and financial support of the country.

The EU authorities expect that the Portuguese rescue plan will be approved on May 16 at a meeting of ministers of the EU ECO and ECO (Ecofin) and eurozone finance ministers (Eurogroups).

The Troika discussed the programs not only with the government (as it was in the case of Greece and Ireland), but also with the main political parties, some of which are against loans from the IMF. The country is in force in the country, since this body was dissolved in March of this year due to the disagreement of the plan of additional budget consolidation necessary to achieve the goals approved by the EC for macroeconomic indicators.

On Wednesday, the acting head of the government of the country Jose Socrates said that Portugal agreed with the Troika the terms of the three -year program for providing financial assistance with a volume of 78 billion euros, the loan rate was not specified. After that, negotiations with the opposition were held.

The conditions of the program are facilitated by the Portuguese Economics Plan, approved by the European Commission last year, a number of media reported. It is assumed that the country's budget deficit in 2011 will have to amount to 5.9%of GDP, in 2012 - 4.5%, in 2013 - 3%. The country's program for the consolidation of the budget last year implied a shortage of 4.6% of GDP in 2011, 3% in 2012 and 2% in 2013. According to the latest Eurostat data, the country's budget deficit for 2010 amounted to 9.1% of GDP.

In addition, a number of media reported that out of 78 billion euros of loans from the EU and the IMF, up to 12 billion euros will be aimed at recapitalization of the country's banking sector.

Portugal has developed a program of economic consolidation last year and filed it on the approval of the European Commission, since it violated, in particular, the maximum level of budget deficit in the EU to GDP of 3%. The country has not yet fitted into the plan approved by the European Commission.