Banking Portugal Latest Information

Banking Portugal Latest Information

Portugal PM wants easier bailout terms for banks
Portugal's prime minister wants his bailed-out country's banks to be given more leeway to meet their capital requirements because an acute credit crunch is dooming viable companies.

Portugal Needs ECB Action to Avoid Greek Fate, De Grauwe Says
Portugal will follow Greece into debt restructuring unless the European Central Bank steps up purchases of its distressed bonds, said Paul De Grauwe, a professor at the Catholic University of Leuven in Belgium.

Portugal under pressure, but default unlikely
Portugal has come under heavy pressure in the bond market this week as investors fear the nation could be the next domino to fall in the eurozone debt crisis.

Greek trump card fails as stronger Europe shrugs off break-up threat
Europe’s dominant powers and institutions are for the first time willing to risk a Greek default and ejection from the euro if Athens refuses to comply with austerity demands, calculating that the eurozone ...

Matthew Lynn's London Eye: Forget Greece; it’s Portugal that’ll destroy euro
A Portuguese default will trigger a whole-scale retreat from the euro-zone — and right now that looks like the trigger for the collapse of the system, writes Matthew Lynn.

Portugal in pain as contagion fears ease
Eurozone contagion fears are suspended and astronomical risk premia on sovereign bonds have vanished, with the glaring exception of Portugal

Portugal's Borrowing Costs Shoot To Record Highs
Portugal's Borrowing Costs Shoot To Record Highs

Spain Cabinet OKs banking sector reform plan
Spain's new conservative government approved Friday a plan forcing banks to set aside an estimated euro50 billion ($65 billion) more in provisions to cover toxic real estate assets, in a bid to restructure ...

Angola seeks to shake up, grow Portugal BCP bank: report
LISBON (Reuters) - Angola's state-controlled oil company Sonangol -- the largest single shareholder in Portugal's Millennium bcp -- wants the bank to gain global scale in a restructuring that involves a management shakeup, Expresso weekly said on Saturday. The lender -- Portugal's largest by assets -- is hampered at home by the country's debt crisis and deep austerity imposed by a 78-billion ...

EU Nears Greek Confrontation as Portugal Poses Looming Risk
European governments moved toward a confrontation over a second rescue package for Greece, just as a dimming fiscal outlook in Portugal opened a new front in the debt crisis.

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