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Portugal's debt

Europe

EU OK's Portuguese government's spending plans

Portugal’s new socialist government has seen its first ‘anti-austerity’ budget approved by the European commission. Since 2013, the EU executive has

Portugal’s new socialist government has seen its first ‘anti-austerity’ budget approved by the European commission. Since 2013, the EU executive has

Business

Will anti-austerity Portugal become the new Greece?

Is Portugal about to take the same path as Greece? That’s the question being asked as the country’s new Socialist government was sworn in promising

Is Portugal about to take the same path as Greece? That’s the question being asked as the country’s new Socialist government was sworn in promising

News

Portugal's voters dare hope austerity will end

What Laura Lavandeira buys at the fresh food markets in Porto has changed in the last several years, as her pension was reduced by around 500 euros

What Laura Lavandeira buys at the fresh food markets in Porto has changed in the last several years, as her pension was reduced by around 500 euros

News

Portugal's voters: expecting little, wanting more

The polling forecast for Portugal’s October 4th elections is that the centre-right coalition now in power or the socialists will win. In the streets

The polling forecast for Portugal’s October 4th elections is that the centre-right coalition now in power or the socialists will win. In the streets

Business

How do countries decide how much they can afford to borrow?

Debt sustainability has become a critical issue for both governments and international investors during the past half-decade of financial crisis. As

Debt sustainability has become a critical issue for both governments and international investors during the past half-decade of financial crisis. As

News

Portugal weighs prizes and pain of four years of austerity

Portugal quit its 78-billion euro bailout scheme last May, having signed up to a rescue plan in 2011 as its borrowing costs soared. By 2012 they

Portugal quit its 78-billion euro bailout scheme last May, having signed up to a rescue plan in 2011 as its borrowing costs soared. By 2012 they

Business

Portugal's debt rises but a better 2015 on the cards says report

Portugal remains on course for restored economic health after latest figures suggest it has managed to shrink its deficit, although the overall debt

Portugal remains on course for restored economic health after latest figures suggest it has managed to shrink its deficit, although the overall debt

News

Budget protest in Portugal

Protesters in Lisbon marched on Portugal’s parliament on Tuesday as politicians voted on the governments 2015 budget plans. The march was the

Protesters in Lisbon marched on Portugal’s parliament on Tuesday as politicians voted on the governments 2015 budget plans. The march was the

Business

Portugal's bailout lenders review 2015 budget and reforms

Inspectors from the so-called troika – the International Monetary Fund, the European Union and the European Central Bank – are back in Portugal for

Inspectors from the so-called troika – the International Monetary Fund, the European Union and the European Central Bank – are back in Portugal for

News

Portugal bins deficit target but promises more pain in 2015 budget

Portugal may have left the EU bailout programme. It may have just seen its debt upgraded by a major ratings agency. But its 2015 budget holds

Portugal may have left the EU bailout programme. It may have just seen its debt upgraded by a major ratings agency. But its 2015 budget holds

News

Portugal's bailout is over, but not the austerity

After three years of austerity, Portugal is exiting its international bailout. Like Ireland it will make a “clean exit” without the need for a credit

After three years of austerity, Portugal is exiting its international bailout. Like Ireland it will make a “clean exit” without the need for a credit

Business

Bye bye bailout: Portugal exits without credit line

Portugal has announced that it will be exiting its 78-billion-euro bailout programme. Lisbon was forced to seek the bailout from the European Union

Portugal has announced that it will be exiting its 78-billion-euro bailout programme. Lisbon was forced to seek the bailout from the European Union

Business

Fitch raises outlook on Portugal's debt rating

More good news for Portugal as it moves closer to ending its need to be in a bailout programme. The Fitch rating agency has raised its outlook on

More good news for Portugal as it moves closer to ending its need to be in a bailout programme. The Fitch rating agency has raised its outlook on

Business

Portugal buys back bonds preparing for bailout exit

Portugal has bought back 1.23 billion euros of its government bonds that were due to mature later this year and next. The move is intended to

Portugal has bought back 1.23 billion euros of its government bonds that were due to mature later this year and next. The move is intended to

News

Portugal: ‘Lucky receipt’ lottery against Tax-Evasion Fight

With the country still locked in a painful austerity drive to cut the public deficit, the Portuguese government has come up with a plan to reduce

With the country still locked in a painful austerity drive to cut the public deficit, the Portuguese government has come up with a plan to reduce

Business

Portugal to slash public sector salaries by up to 12%

Amid angry protests on the streets of Lisbon, the Portuguese parliament has approved the country’s budget for 2014. 600,000 public sector workers

Amid angry protests on the streets of Lisbon, the Portuguese parliament has approved the country’s budget for 2014. 600,000 public sector workers

Business

Portuguese parliament backs austerity budget

Portugal’s lawmakers have given outline approval to a budget bill for 2014 that slashes spending on state pensions, public sector wages, healthcare

Portugal’s lawmakers have given outline approval to a budget bill for 2014 that slashes spending on state pensions, public sector wages, healthcare

News

Wave of anti-austerity protests across Portugal

Thousands of demonstrators have been protesting across Portugal against salary cuts and public sector reforms imposed by the government under the

Thousands of demonstrators have been protesting across Portugal against salary cuts and public sector reforms imposed by the government under the

News

Portugal: voters punish ruling Social Democrats in local polls

Portuguese voters have dealt Prime Minister Pedro Passos Coelho a hefty blow in local polls, venting their frustration at his government’s austerity

Portuguese voters have dealt Prime Minister Pedro Passos Coelho a hefty blow in local polls, venting their frustration at his government’s austerity

Business

Portuguese political crisis cooled but not cured

A political crisis has been averted in Lisbon with the result that Portugal is back on track to meet the terms of the international bailout that

A political crisis has been averted in Lisbon with the result that Portugal is back on track to meet the terms of the international bailout that

News

Portugal political crisis: no end in sight

Crisis talks between Portugal’s three main political parties have broken down, raising doubts about the country’s international bailout

Crisis talks between Portugal’s three main political parties have broken down, raising doubts about the country’s international bailout

News

Portugal social protest fury grows

Analysts have been calling Portugal a political time bomb for quite a while. The ticking is growing louder. The Speaker of the chamber, Assunção

Analysts have been calling Portugal a political time bomb for quite a while. The ticking is growing louder. The Speaker of the chamber, Assunção

News

Political deadlock in Portugal over bailout terms

Portugal is facing another hurdle towards the goal of ending its dependence on international funding. The opposition Socialist party is demanding a

Portugal is facing another hurdle towards the goal of ending its dependence on international funding. The opposition Socialist party is demanding a

Business

Portugal's political turmoil puts bailout at risk

Portugal’s political crisis has continued to deepen, moving it closer to needing a second bailout. The government is near collapse after the two

Portugal’s political crisis has continued to deepen, moving it closer to needing a second bailout. The government is near collapse after the two

Business

Another negative for Portugal

More bad news for Portugal, as the ratings agency Standard & Poor’s revised its sovereign credit outlook downward to negative from stable. It said

More bad news for Portugal, as the ratings agency Standard & Poor’s revised its sovereign credit outlook downward to negative from stable. It said

News

Portuguese political turmoil intensifies

Portuguese stocks tumbled further on Wednesday in response to the political crisis gripping the cash-strapped country. The market reaction follows

Portuguese stocks tumbled further on Wednesday in response to the political crisis gripping the cash-strapped country. The market reaction follows

Business

Gaspar's resignation hits Portugal's bonds

The Portuguese government’s cost of borrowing has risen after the country’s finance minister quit, as did the cost of insuring its debt against

The Portuguese government’s cost of borrowing has risen after the country’s finance minister quit, as did the cost of insuring its debt against