Tag: Portugal
European Countries Under Bailout
Cyprus on Saturday became the fifth country in the Eurozone under financial assistance after the bailouts granted to Greece, Ireland and Portugal, and the aid package for the financial sector in Spain. GREECE The amount allocated to Athens avoid bankruptcy amounts to over 380,000 million euros. This amount consists of two rescue plans. The first, [...]
Fitch believes that Portugal is going well and meet the deficit target this year
The rating agency Fitch believes the Portuguese financial adjustment program has good prospects and the country, but faces the risk of economic weakness, can meet the goal of reducing the deficit to 4.5% this year. Portugal In a report on the agency warns of risks “significant” involving the country in addition to the effects of [...]
Passos Coelho ruled out that Portugal needs a new aid package
The Portuguese Prime Minister Pedro Passos Coelho, denied that his country needs a new financial rescue package to tackle the crisis and said that Portugal will issue debt securities in September 2013, at the time expected, reported a weekly Brazil. “I think there is no need (for a new rescue package), but either way the [...]
Rating Agency Believes that Portugal Will Fall
The U.S. rating agency Egan-Jones believes that the debt crisis in Europe is moving towards its peak, in which “Portugal fall safe” and Spain and Italy may suffer the same fate, as published today by the German newspaper “Frankfurter Allgemeine Sonntagszeitung. ” “When a country’s economy shrinks so significantly and at the same time the [...]
The European Commission considers that Portugal will not need a second rescue
The European Commission considers that the current adjustment program and reform of Portugal “is sufficient” if the country applied to exactly the plan of the troika (EU, IMF and the ECB) may return to the markets in 2013 . The deputy head of mission to Portugal by the European Commission, Peter Weiss said in a [...]
Portugal pays for the lower interest debt since rescue
Portugal today placed 2,000 million euros, with titles a year, the lowest interest rates since its bailout in April 2011, in a successful start of the plan to re-financed long-term market. The result of this auction, much better than its predecessors, was interpreted by analysts as a sign lusos market confidence to Portugal in the [...]
Portugal pays 25 percent less than a month ago to place its debt to one year
Portugal managed to place today 1,610 million euros in debt to a year in exchange for an interest rate of 3.65 percent, 1.3 percentage points from just last month, which amounts to a proportional reduction of 25 percent. According to data provided by the Treasury Luso, also sold another 382 million euros in letters to [...]
Spain and Portugal asked to the EU for relief from the impact of drought
Spain and Portugal today asked the European Union (EU) to explore possible avenues of aid to farmers and ranchers to mitigate the impact of the drought affecting the country. The matter was discussed at a Council of Agriculture Ministers of the EU at the request of Spain and Portugal, countries that have asked the owners [...]
