Results for Portugal
- Rising Left Bloc in Portugal Could Threaten Austerity Drive
Last month’s elections in Portugal were meant to deliver a clear verdict on the center-right coalition of Prime Minister Pedro Passos Coelho, whose austerity program has been held up as a model by creditors and countries like Germany that have advocated ...
Daily Headline - global.abi.org - 11/08/2015 - 21:22 - 0 comments
- Portugal Leader Gains Ahead of Election, Despite Austerity
Just a few weeks ago, voters appeared ready to punish Prime Minister Pedro Passos Coelho for spending cuts and tax increases that drove Western Europe’s poorest country deeper into a recession to save it from insolvency, The Wall Street Journal repor ...
Daily Headline - global.abi.org - 10/01/2015 - 21:52 - 0 comments
- Portugal: Recent amendments to the Portuguese preinsolvency framework in the light of the European Commission’s Recommendation on a new approach to business failure and insolvency
The Decree-law No. 26/2015 of 6 February, 2015 entered into force on 3 March 2015. The new legislation is of great relevance to the Portuguese insolvency law, or rather to the Portuguese pre-insolvency framework. It amends one provision of the Port ...
Resource Article - abi_admin - 09/09/2015 - 11:50 - 0 comments - 1 attachment
- Italy Report: Major amendments to insolvency and restructuring law
Italy has a modern and competitive legal system to face not only insolvency, but especially, the financial crisis. In order to further improve the present regulations, on 28 January 2015, the Italian Ministry of Justice established a Commission which ...
Resource Article - abi_admin - 09/09/2015 - 11:03 - 0 comments - 1 attachment
- Portugal, Missing Deadline for Novo Banco Sale, Turns to Second Bidder
Portugal is having trouble selling the bank salvaged from the wreckage of one of the country’s biggest private lenders, the International New York Times reported. The Portuguese central bank on Tuesday missed its own deadline for selling the salvaged ...
Daily Headline - global.abi.org - 09/01/2015 - 18:49 - 0 comments
- China's Anbang In Talks To Buy Portugal's Novo Banco
The Bank of Portugal is in exclusive talks with China's Anbang Insurance Group Co on the sale of state-rescued Novo Banco, leaving two other bidders on the sidelines, sources said. Two sources close to the bidding process told Reuters China's F ...
Daily Headline - global.abi.org - 08/20/2015 - 17:40 - 0 comments
- Portugal Cautioned By IMF Over Debt Sustainability
Even if they had been compiled by his own spin-doctors, Portugal’s latest unemployment figures could hardly have been better for Pedro Passos Coelho, the country’s centre-right prime minister, the Financial Times reported. The last batch of labour ma ...
Daily Headline - global.abi.org - 08/09/2015 - 20:49 - 0 comments
- Crisis In Greece Overshadows Campaign In Portuguese Poll
A general election has been called in Portugal for October 4, the first of several national ballots in crisis-hit eurozone countries where images of Greeks queueing at ATMs are likely to influence the outcome, the Financial Times reported. The Portug ...
Daily Headline - global.abi.org - 07/23/2015 - 22:38 - 0 comments
- Portugal Gets 3 Binding Offers For State-Rescued Novo Banco
Three bidders have submitted binding offers for Novo Banco, the successor to Banco Espirito Santo after a state rescue last year, the Bank of Portugal said on Tuesday, without naming the institutions. A source close to Chinese group Fosun International t ...
Daily Headline - global.abi.org - 06/30/2015 - 21:18 - 0 comments
- Portugal Frets It Could Be Next As Grexit Fears Grow
In the eyes of international lenders, Portugal is a shining example of what Greece should have been: a bailed-out country that co-operates with its creditors, stoically enduring years of austerity to bring about reforms that gradually improve an ailing e ...
Daily Headline - global.abi.org - 06/23/2015 - 21:16 - 0 comments