In blow to Eurogroup head, EU Commission criticises Portugal's budget

BRUSSELS (Reuters) - The European Commission said on Wednesday that Portugal's draft budget for 2020 was at risk of breaking European Union fiscal rules because of insufficient progress in reducing its structural deficit.The opinion is a blow to Portuguese Finance Minister Mario Centeno, who chairs the powerful Eurogroup of finance ministers - a body that participates in the oversight of fiscal policies in the 19 states of the euro zone.In his first opinion on the budget of a euro zone..