Portugal

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DBRS Maintains Portugal’s Crucial Credit Rating

A Canadian rating agency has confirmed Portugal’s only investment-grade credit rating in a decision that ensures Lisbon will continue to benefit from the European Central Bank’s government bond-buying programme, the Financial Times reported. DBRS on ...

Daily Headline - global.abi.org - 10/23/2016 - 20:20 - 0 comments

Portugal Looks To Satisfy EU Rules With ‘Budget Of The Left’

Portugal’s “anti-austerity” government has unveiled a draft budget for 2017 that seeks to raise pensions, reduce income tax and increase support for the poor without running foul of EU deficit rules, the Financial Times reported. António Costa, the p ...

Daily Headline - global.abi.org - 10/16/2016 - 21:18 - 0 comments

Europe Worries Portugal Is Prone to a Debt-Crisis Relapse

Portugal’s souring investment climate and weak economic growth are raising concern across Europe and beyond that the country, which required an international bailout five years ago, could choke again on a debt that is now nearly 130% of its gross domesti ...

Daily Headline - global.abi.org - 10/11/2016 - 21:13 - 0 comments

Portugal Faces Slowdown Amid Anti-Austerity Moves, Warns IMF

Portugal’s fragile recovery is losing momentum, with growth held back by sluggish investment and weak exports as uncertainty and corporate debt weigh on the economy, the International Monetary Fund has warned. The consumption-based recovery of the past t ...

Daily Headline - global.abi.org - 09/22/2016 - 22:11 - 0 comments

Eurozone Sets Out New Fiscal Targets for Spain and Portugal

agreed with the European Commission’s arguments about dropping the fines, which, at 0.2% of gross ... amounting to 0.25% of GDP this year, with all windfall gains from one-off measures used to accelerate ...

Daily Headline - global.abi.org - 08/09/2016 - 21:35 - 0 comments

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 - 21:06 - 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 - 20:12 - 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 - 22:05 - 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 - 22:03 - 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 - 22:00 - 0 comments

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