Results for Portugal
- Portugal Sets Course For ‘Clean’ Bailout Exit
Portugal is jostling to be next in line to perform the periphery escape trick, the Financial Times reported. After the country’s 10-year government bond yields fell below 5 per cent for the first time in more than three years last week, Lisbon offici ...
Daily Headline - global.abi.org - 01/29/2014 - 00:26 - 0 comments
- Portuguese High Court Rules Cuts in Public Pensions Illegal
Portugal's Constitutional Court on Thursday struck down planned cuts in retirement benefits for public employees, its fifth ruling this year against government measures to satisfy international bailout lenders and regain full access to financial mar ...
Daily Headline - abi_admin - 12/23/2013 - 13:31 - 0 comments
- IMF Warns Portugal Of Tough Years Ahead
A digital clock inaugurated by Paulo Portas, Portugal’s deputy prime minister, has begun marking the six-month countdown to Lisbon’s planned exit from its €78bn bailout programme. But a senior International Monetary Fund official has warned that it could ...
Daily Headline - global.abi.org - 12/19/2013 - 23:30 - 0 comments
- BES Debt Issue Offers Hope For Portugal's Banks
Banco Espirito Santo is set to become the first Portuguese bank to raise subordinated debt capital in four years later on Thursday, marking an important step in the country's recovery from a bailout, Reuters reported. Around 300 investors placed ord ...
Daily Headline - global.abi.org - 11/21/2013 - 21:05 - 0 comments
- Portuguese Parliament Approves 2014 Austerity Budget Plan
Portuguese lawmakers on Friday approved an unpopular austerity package for next year, as the country seeks to regain investor confidence to exit its €78 billion ($105 billion) international bailout in June, The Wall Street Journal reported. Outside p ...
Daily Headline - global.abi.org - 11/03/2013 - 17:58 - 0 comments
- Portugal Bets on Technology, Hires Inspectors to Fight Evasion
Portugal’s government is stepping up its fight against tax evasion, investing in new technology and almost doubling the number of tax inspectors even as it tries to cut costs with state workers, Bloomberg reported. Paulo Nuncio, secretary of state for fi ...
Daily Headline - global.abi.org - 10/28/2013 - 22:24 - 0 comments
- Portugal’s Constitutional Court Threatens Country’s Bailout
Robed in black and accustomed to the quiet of their Lisbon chambers, the 13 judges of Portugal’s constitutional court have found themselves propelled unexpectedly into the cut and thrust of high European politics, the Financial Times reported. Defend ...
Daily Headline - global.abi.org - 10/24/2013 - 22:13 - 0 comments
- Portugal Unveils Toughest Austerity Budget Yet
Portugal's government on Tuesday unveiled the harshest package of spending cuts so far under its 2½-year-old bailout, calling for reductions next year in pensions and public employees' wages to reach the budget-deficit target agreed to with its ...
Daily Headline - global.abi.org - 10/15/2013 - 23:35 - 0 comments
- Portugal Passes Bailout Test, Gets More Funding
Portugal has passed the latest test of its compliance with the terms of its bailout and qualified for around 5.5 billion euros ($7.5 billion) in further funding from creditors, officials said Thursday, the Associated Press reported. However, the creditor ...
Daily Headline - global.abi.org - 10/03/2013 - 23:00 - 0 comments
- Lisbon Faces EU Resistance Over Push To Ease Fiscal Targets
Portugal begins a new round of talks with international lenders on Monday amid signs that eurozone governments will strongly resist pressure from Lisbon to relax fiscal targets as the country approaches the final stages of its €78bn bailout programme, th ...
Daily Headline - global.abi.org - 09/15/2013 - 20:46 - 0 comments