Portugal triggers EU safeguard clause for energy costs

Thursday, 11 June 2026AI summary
Portugal triggers EU safeguard clause for energy costs
Photo: EDUARDO COSTA/LUSA

Portugal will activate the European Union's budgetary safeguard clause to temporarily cover additional energy-related costs caused by the current international crisis. Finance Minister Joaquim Miranda Sarmento confirmed the move, noting that Brussels has authorized the exemption to prevent energy spending from being classified as a breach of EU fiscal rules.