Results for Portugal
- Europe Decides Against Fines for Spain and Portugal
European Union officials, facing the rise of populist movements across the region, opted against hitting Spain and Portugal with sanctions on Wednesday for breaking the bloc’s rules on government spending, the International New York Times reported. T ...
Daily Headline - global.abi.org - 07/27/2016 - 22:06 - 0 comments
- Eurozone Slams Spain, Portugal On Excessive Deficits
Eurozone finance ministers agreed on Monday (Jul 11) to officially declare Spain and Portugal in breach of the EU public spending rules, a key step to possibly imposing unprecedented penalties against members of the currency bloc, Channel News Asia repor ...
Daily Headline - global.abi.org - 07/11/2016 - 21:12 - 0 comments
- EU Executive Rules Spain, Portugal Didn’t Do Enough to Curb Budget Deficits
The European Commission said Thursday that Spain and Portugal didn’t take sufficient measures to bring their 2015 budget deficits within European Union limits, triggering a process which could eventually lead to financial sanctions, The Wall Street Jou ...
Daily Headline - global.abi.org - 07/07/2016 - 23:05 - 0 comments
- Brussels Set To Fine Spain And Portugal For Deficit Breaches
Spain and Portugal are on course to become the first ever eurozone countries to be sanctioned for breaching EU fiscal rules, in a move set to inflame political tensions over how dogmatic Brussels should be in policing national budgets, the Financial Ti ...
Daily Headline - global.abi.org - 07/05/2016 - 23:03 - 0 comments
- Novo Banco Looks To Boost Capital With Discounted Senior Tender
Novo Banco is seeking to buy back up to 500m of senior debt, some of which is held by retail investors, at a discount to par as it looks to bolster its balance sheet, Reuters reported. The Portuguese bank has launched a discounted cash tender offer on ei ...
Daily Headline - global.abi.org - 06/23/2016 - 23:00 - 0 comments
- EU Delays Decision on Spain and Portugal Over Deficit Breaches
The European Commission has put off a contentious decision on imposing financial sanctions on Spain and Portugal for failing to bring their budget deficits within European Union rules, saying it would revisit the issue in July, after Spain had held a gen ...
Daily Headline - global.abi.org - 05/18/2016 - 21:01 - 0 comments
- Portugal Loses UK Court Battle Over ‘Toxic’ Derivatives
Portugal faces potential liabilities of more than €1.5bn after losing a British court battle over derivatives that Lisbon has challenged as “toxic”, the Financial Times reported. State-owned transport companies have for more than two years withheld p ...
Daily Headline - global.abi.org - 03/07/2016 - 21:39 - 0 comments
- Novo Banco Decision Adds to Letdowns in Default-Swap Market
Investors facing huge losses on Novo Banco SA bonds suffered another defeat, Bloomberg News reported. The group that oversees the credit-default swaps market declined to amend any contracts insuring the Portuguese bank’s debt, probably killing off swapho ...
Daily Headline - global.abi.org - 03/02/2016 - 21:42 - 0 comments
- EU Accepts Portugal’s 2016 Draft Budget After Tax Tweaks
The European Commission approved Portugal’s 2016 draft budget yesterday after the new Socialist government promised to hike indirect taxes to meet EU budget rules while also easing austerity to keep its leftist allies happy, the Irish Times reported. ...
Daily Headline - global.abi.org - 02/07/2016 - 20:51 - 0 comments
- Portugal’s Anti-Austerity Budget Provokes Brussels Showdown
Portugal’s new Socialist government faces an embarrassing rejection of its first “anti-austerity” budget by the European Commission on Friday as eleventh-hour talks failed to break a stalemate over additional cuts needed to bring Lisbon in line with EU d ...
Daily Headline - global.abi.org - 02/04/2016 - 22:41 - 0 comments