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Finance Portugal Latest Information
After Greece, Markets Will Eye Portugal: Economist Portugal is successfully implementing a series of fiscal reforms that are key to gaining continued international financial assistance, its chief creditors said Saturday. Portugal's economic future in limbo The situation in Portugal remains uncertain as the government, economists and investors take opposing views. The government is optimistic, economists expect a haircut, and investors are cautious. Debt crisis and Greek debt talks: as it happened - February 7, 2012 French Finance Minister Francois Baroin claims that Austria, Belgium, Finland, France, Germany, Greece, Italy, Portugal and Spain are all ready to introduce a financial transaction tax. Portugal: the new Greece Unsustainable bond yields being used to finance unpayable debts. Michael Goldfarb In Portugal the numbers are all bad: The deficit is 9.1 percent of GDP. The economy is expected to contract by anywhere between 3.1 and 5 percent this year. It took a bailout from the EU, ECB, IMF "troika" of 78 billion euros ($102.6 billion) and will have a hard time paying it back because its credit rating is now ... 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 Bond Rout Overstates Greek Likeness Portugal 's bond-market rout suggestsinvestors aren't rewarding the nation's austerity efforts andare concerned about a Greek-style reduction in debt repayments. Portuguese bonds handed investors a loss ... Portugal Agrees to Sell REN Stake for 592 Million Euros Portugal’s government agreed to sell a 40 percent stake in REN-Redes Energeticas Nacionais SA (RENE) for 592 million euros ($779 million) to State Grid International of China and Oman Oil Co. to meet the terms of a bailout accord. Debt crisis and Greek debt talks: live French Finance Minister Francois Baroin claims that Austria, Belgium, Finland, France, Germany, Greece, Italy, Portugal and Spain are all ready to introduce a financial transaction tax. Gaspar Says Bond Yields Don’t Reflect Progress Portugal Has Made on Budget Portuguese government bond yields aren’t reflecting the progress that the country has made controlling its budget deficit, with its adjustment program “well on track,” Finance Minister Vitor Gaspar said. |
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