Portugal

Euro zone leaders are set to agree a "competitiveness pact" at a summit on Friday and will push Portugal to announce new reforms to increase market confidence as they seek to draw a line under the debt crisis, Reuters reported. Germany has lowe ...

Daily Headline - global.abi.org - 03/11/2011 - 09:23 - 0 comments

Klaus Regling, the chief executive of the European Financial Stability Facility (EFSF), has said he does not expect Portugal or Spain to ask for bailouts, the Irish Times reported on an Austrian state radio ORF story. “At the moment it looks like Ire ...

Daily Headline - global.abi.org - 03/07/2011 - 09:57 - 0 comments

Portugal's plan to cut its budget deficit could be hurt by a rise in oil prices and raw materials, but the government is ready to launch new austerity measures to stay on track, Finance Minister Fernando Teixeira dos Santos said Monday, The Wall S ...

Daily Headline - global.abi.org - 03/01/2011 - 08:00 - 0 comments

Portugal is under increasing pressure to take a bail-out as its borrowing costs have stayed above a level widely considered unsustainable for longer than Greece and Ireland before their rescues last year, the Financial Times reported. Portugal’s benc ...

Daily Headline - global.abi.org - 02/28/2011 - 08:11 - 0 comments

Some European officials are quietly discussing contingencies for what might be a Portuguese request for financial aid as early as next month, when the highly indebted country begins facing large-scale debt redemptions, The Wall Street Journal reporte ...

Daily Headline - global.abi.org - 02/23/2011 - 07:39 - 0 comments

The European Central Bank has intervened in eurozone bond markets for the first time in weeks, buying Portuguese debt amid fears that the country could yet seek an international rescue, the Financial Times reported. The ECB returned to the market on ...

Daily Headline - global.abi.org - 02/11/2011 - 09:49 - 0 comments

The euro zone's debt crisis is entering a new phase after a brief Christmas lull as Portugal struggles to persuade investors to buy its bonds and other European governments step up pressure on the country to seek an international bailout, The Wall ...

Daily Headline - global.abi.org - 01/10/2011 - 08:07 - 0 comments

Fitch Ratings cut its rating on Portugal, citing concerns about a "deteriorating near-term economic outlook" and a "much more difficult financing environment" for the European nation's government and banks, the Wall Street Jour ...

Daily Headline - jhartgen - 12/27/2010 - 10:55 - 0 comments

Moody's Investors Service warned it may lower Portugal's credit rating by as much as two notches, dealing another blow to investor confidence in the euro zone, the Wall Street Journal reported today. Moody's warning came less than a we ...

Daily Headline - jhartgen - 12/21/2010 - 10:28 - 0 comments

As Dublin moves begrudgingly toward accepting a European Union bailout, attention is rapidly shifting to Portugal, the country perceived to be as weak a link in the euro zone as Ireland, though for different reasons, the International Herald Tribune ...

Daily Headline - global.abi.org - 11/19/2010 - 09:01 - 0 comments