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Portugal premier to give speech on economy crisis
Seattle :: WA :: USA | 1 month ago
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Originally published Sunday, April 7, 2013 at 5:20 AM Portugal premier to give speech on economy crisis Portugal's prime minister said he will address the nation Sunday over a crisis triggered when the country's highest court ruled some of the
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Bailout lenders grant Portugal easier debt targets
Lisbon :: Portugal | 2 months ago
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Portugal Portugal's finance minister says the country's bailout lenders have agreed to ease its debt-reduction targets amid deteriorating economic prospects. May 2011 when investors, worried by its high debts and meager growth, stopped lending it
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Portugal endures worst recession in 37 years
Lisbon :: Portugal | 2 months ago
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Those austerity policies are widely blamed for the deepening recession and growing hardship. The National Statistics Institute said Monday that a drop in private consumption and slower export growth were the main factors behind the slump, with the
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Portugal postpones sale of public broadcaster
Lisbon :: Portugal | 4 months ago
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Portugal Portugal's government is postponing its planned privatization of the public broadcaster after complaints from private channels that the advertising market isn't big enough for another competitor. Parliamentary Affairs Minister Miguel Relvas
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'Portugal asks eurozone to extend rescue loan dates'
Lisbon :: Portugal | 4 months ago
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Portugal has asked eurozone finance ministers to extend the life of bailout loans to help it to borrow normally, Portuguese Finance Minister Vitor Gaspar was reported as saying by media in Lisbon. Gaspar said after a meeting of the Eurogroup of
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Portugal GDP shrinks 3.5 percent year-on-year
Lisbon :: Portugal | 5 months ago
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Portugal Portugal's economy shrank by 3.5 percent year-on-year in the third quarter and decreased by 0.9 percent compared to the previous three months. The results are worse than forecast and were due to a less marked reduction in the rate of goods
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Latin American company bids for Portugal airline
Lisbon :: Portugal | 7 months ago
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Portugal Portugal's government says Latin American company Synergy Aerospace is the only candidate in the running to buy state airline TAP Air Portugal. The government announced Thursday that the company was the only one out of 13 initial interested
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Bailed-out Portugal raises $2.4B in debt auction
Lisbon :: Portugal | 7 months ago
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Wednesday despite the country's bleak economic prospects and growing political tension over austerity policies. The Public Debt Agency said it sold 3-, 6- and 12-month Treasury bills, with interest rates on the shortest and longest bills sharply
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Portugal Readies Budget With Job Cuts and Tax Increases
Lisbon :: Portugal | 7 months ago
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Portugal has long been regarded a role model in the grinding euro zone crisis. In return for an international bailout, its government cut services and raised taxes while its citizens patiently endured with little of the popular outcry seen elsewhere
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Bailed-out Portugal pays less to borrow $2.6 bln
Lisbon :: Portugal | 8 months ago
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Wednesday, paying a rate of 2.967 percent compared with 4.537 percent in the last comparable auction in April. It said there was market demand for double the amount on offer. July and with demand three times higher than the amount offered.
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