Portugal
Portugal Articles
The effort to keep the sovereign paper of Portugal viable was to begin when the country asked for aid from the EU and IMF. Departing Prime Minister José Sócrates said the new bailout transaction is...
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Glencore’s IPO will be for about $11 billion. (Reuters) The slide of the dollar has caused concerns about how it may hurt the stability of the credit markets. (Reuters) Portugal set a bailout with...
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The politics within national borders have been a limitation to the bailouts of financially weak European nations which so far include Ireland, Greece, and Portugal. Ruling parties have been put out...
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The head of the opposition in Portugal, Pedro Passos Coelho, wants a seat at the table when his country negotiates with the EU and IMF about a bailout which could total $114 billion. The...
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Portugal finally asked the EU for financial aid. The capital markets had driven its cost of borrowing too high to be sustainable. The country also had to admit that the figures from its last budget...
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Moody’s downgraded Portugal again, this time to Baa1 from A3. The credit rating agency also said the outlook for the nation’s financial prospects was negative. Moody’s might as well have cut...
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The Wall Street Journal says that Portugal’s budget report for 2010 may be wrong. The paper writes that “The country’s statistics office has been reviewing its 2010 accounts after the EU’s...
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Here is our latest installment of the Daily Austerity Watch, 24/7 Wall St.’s summary of the major news off efforts by governments to bring their fiscal houses in order. Portugal: Leave it to the...
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Twitter has, by most estimates, 175 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million...
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Minority parties within the Portuguese government have rejected an austerity program proposed by Prime Minister Jose Socrates. He stepped down. As MarketWatch pointed out, the incentives for...
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The head of Goldman Sachs Group (NYSE: GS) said that an ex-director leaked confidential information. (Reuters) The prime minister of Portugal stepped down as his austerity plan was rejected by...
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Moody’s cut the sovereign paper of Portugal from A3 to A1 with a negative outlook. The reasons were too few. They included a fear that the economy and productivity will not grow fast enough,...
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The US federal government could shut down as House Republicans battle the Administration on budget deficit matters (Reuters) Riots in Libya moved oil higher and Asia markets lower. (Reuters) Air...
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The international media is full of reports about the battle between France and Germany on one side and the balance of the eurozone nations on the other. Germany in particular wants the economically...
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Standard & Poor’s reported that it had lowered its long-term sovereign credit ratings on Japan to ‘AA-‘ from ‘AA’. At the same time, S&P affirmed the ‘A-1+’short-term sovereign...
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