Portugal

In Europe 6th May 2014

Portugal: Lisbon resilient, yields calmed, citizens exhausted

MADRID | OP-ED by Fernando Barciela | Laconic and without any fuss, PM Pedro Passos Coelho announced that three years after the €78 billion bailout Portugal will stand on its feet without the European Troika. His pledge aimed to get political momentum at the upcoming European elections, although it greatly stirred public anger. The rate on 10-year securities slid two basis points to 3.61 percent, from a record 18.29 percent in January 2012, according to Bloomberg data. Investors betting on Portuguese bonds have seen a 15 percent return this year through May 2.

In Europe 17th October 2013

Portugal: Potential fiscal slippage this year likely to set the bar higher for next

LONDON | By BARCLAYS | The Portuguese government presented yesterday the draft Budget Law for 2014. Fiscal measures to be deployed amount to EUR3.9bn (2.4% of GDP), about 0.4% of GDP above the EUR3.3bn announced in May when the cabinet approved additional austerity measures to meet revised fiscal targets for this year and next (EUR1.4bn in 2013 and EUR3.3bn in 2014).

In Europe 2nd October 2013

The troika saves us from ourselves

LISBON | By Helena Matos via Presseurop | The International Monetary Fund, European Commission and European Central Bank are back in Lisbon to evaluate the results of the 2011 bailout plan. This is good because otherwise Portugal would make the same mistakes that led to the crisis in the first place.

In Europe 11th July 2013

Portugal-Lithuania: two sides of the same crisis

PARIS | By Philippe Ricard via Presseurop | In Lisbon, shock therapy has failed to bring down the government. In Vilnius, it has made for a fast-tracked entry into Europe. What lessons can we learn from these criss-crossing paths?

In Europe 3rd July 2013

Portugal crumbles after ‘architect of austerity plan’ leaves government

LISBOA | By José Alves via capitalmadrid.com | Now the debt ratio in Portugal has risen almost 30 points to about 130% of GDP, the budget gap will exceed 8% this year and the unemployment rate approaches 20%.

In Europe 26th June 2013

S&P assures peripheral countries’ debt is safe from the danger zone

MADRID | By Julia Pastor |Portugal and Slovenia’s debt comes back to the dangerous rate of 7%, while S&P’s responsible for EMEA defends that there is no immediate threat to peripheral countries’s debt since some of them have been able to pre-fund its needs.

Spanish economy 28th May 2013

Spanish small business, the starting point for a growing Germany

MADRID | By Julia Pastor | Small and medium size companies are the most vulnerable side of the European economy, but also the most powerful weapon to get out of the crisis. Germany will develop a €10 billion credit plan to move peripheral countries SMEs for their own export engine works.

In Europe 10th April 2013

Portugal must learn to love austerity

LISBON | The Portuguese Constitutional Court’s rejection of some proposed austerity measures is the latest setback for Portugal’s government. However, this is an opportunity truly to reform the state and end the current impasse.

Markets 14th March 2013

Thursday’s chart: Quo Vadis, Italian yield?

Contagion has been bucked in the eurozone, in spite of the instability markets forecast over Italian politics.

In Europe 7th March 2013

Portugal shouted ‘enough’!

From Presseurope.eu | By Daniel Oliveira | More than a million people of all ages took to the streets of Portugal on March 2 to demand an end to austerity. The growing discontent could bring down the political system that has been in place since the fall of the dictatorship.

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