Agreeing to and doing are worlds apart, as we well know in European politics and policy, but Portuguese minister Poiares Maduro says they are fully committed to budget goals. A previous story in the press said that the government were considering reducing the spending cuts to €2bn. The 2014 budget is being drafted and is set to be presented in parliament on October 15.

Troika is booked in to do another review at the end of August.