Portugal

Portugal's government said on Sunday its EU and IMF lenders had concluded work on the latest bailout review, indicating there were no outstanding obstacles for Lisbon to receive the next 2 billion euro tranche of the rescue package, Reuters reported ...

Daily Headline - global.abi.org - 05/12/2013 - 21:44 - 0 comments

Bailed-out Portugal added to the unemployment woes of southern Europe on Thursday as the country's jobless rate hit a startling 18% of the working population, The Guardian reported. The first quarter figures from the national statistics institut ...

Daily Headline - global.abi.org - 05/09/2013 - 20:06 - 0 comments

Inspectors from Portugal's bailout creditors are returning to Lisbon to assess whether the government's latest austerity measures merit unblocking a due disbursement of rescue funds, the Associated Press reported. Portugal's 78 billion eur ...

Daily Headline - global.abi.org - 05/06/2013 - 20:35 - 0 comments

Portugal plans to avoid the threat of needing another bailout by making another 4.8 billion euros ($6.3 billion) in cuts over the next three years, with measures including raising the retirement age by one year to 66 and laying off around 30,000 governme ...

Daily Headline - global.abi.org - 05/05/2013 - 21:23 - 0 comments

Lisbon is to take court action against JPMorgan and Spain’s Banco Santander over what it says were “toxic” derivatives sold to public sector companies, the Financial Times reported. The move is part of a government effort to stem potential losses of ...

Daily Headline - global.abi.org - 04/28/2013 - 21:05 - 0 comments

Portugal's government plans to lower company tax rates "significantly" as part of a wider plan of incentives to drag the economy out of its worst recession since the 1970s, economy minister Alvaro Santos Pereira said, the Irish Times r ...

Daily Headline - global.abi.org - 04/24/2013 - 21:04 - 0 comments

A recent court decision blocking cuts in wages and pensions for public employees in Portugal is forcing the government of one of Europe's most fragile economies to move beyond palliative measures and try to overhaul the underlying structure of an in ...

Daily Headline - global.abi.org - 04/24/2013 - 21:04 - 0 comments

Portugal unveiled an ambitious stimulus program on Tuesday to resuscitate its economy despite new concerns about some public companies that could hit the government's budget plans, The Wall Street Journal reported. Economy Minister Álvaro Santos ...

Daily Headline - global.abi.org - 04/23/2013 - 22:59 - 0 comments

Portugal could struggle to avoid a second international rescue even if it, alongside Ireland, is granted more time to repay its existing bailout loans by eurozone finance ministers meeting in Dublin on Friday, the Financial Times reported. Portugal, ...

Daily Headline - global.abi.org - 04/11/2013 - 21:54 - 0 comments

Portugal faces a delay in receiving bailout funds and the possible postponement of a long-awaited decision on easing repayments after the constitutional court rejected important government austerity measures, the Financial Times reported. The court r ...

Daily Headline - global.abi.org - 04/08/2013 - 20:54 - 0 comments