Tag: Portugal

• Tuesday, December 17th 2013 - 02:53 UTC

  Ireland exits bailout program but difficulties remain; Portugal next in the queue

  

  Ireland's prime minister has marked the end of the country's bailout program with a speech to the nation. In a televised address, Enda Kenny said Ireland's “good name and our credibility” had been restored. Meanwhile Portugal could be the next in the list after a review of the economy was advanced six months.

• Friday, September 13th 2013 - 01:20 UTC

  Spain now disputes Portugal’s Savage Islands EEZ before the UN

  

  Spain has quietly lodged an official request with the United Nations to have Portugal’s southern-most territory, the Savage Islands, declared as rocks and not as islands, according to a report from the Gibraltar Chronicle.

• Wednesday, July 3rd 2013 - 03:25 UTC

  Evo Morales' plane rerouted on suspicion Snowden on board.

  

  The plane carrying Bolivian President Evo Morales home from Russia was rerouted to Austria on Tuesday after France and Portugal refused to let it cross their airspace because of suspicions that NSA leaker Edward Snowden was on board, the country's foreign minister said.

• Saturday, November 17th 2012 - 06:30 UTC

  Spain and Portugal call for Latam business opportunities and investment

  

  Spain and Portugal sought help from their former Latin American colonies to rescue them from economic crisis through a new wave of trade and investment across the Atlantic Ocean.

• Monday, October 8th 2012 - 06:12 UTC

  Portugal’s flag air carrier could end up purchased by Brazilian group

  

  Portugal’s auction of state-owned airline TAP SA has been shunned by Europe’s three biggest carriers, boosting prospects for a Latin American takeover of a company analysts say may fetch 500 million Euros.

• Friday, November 25th 2011 - 02:48 UTC

  Fitch downgrades Portugal’s rating to junk status; pressure mounting on Spain

  

  Rating agency Fitch downgraded Portugal's rating to junk status, citing large fiscal imbalances, high debts and the risks to its EU-mandated austerity program from a worsening economic outlook.

• Thursday, July 7th 2011 - 16:15 UTC

  Europe accuses credit rating agencies of having an “oligopolistic” structure

  

  The 'oligopolistic structure' of international credit rating agencies is probably undesirable, the head of the European Central Bank Jean-Claude Trichet said on Thursday.

• Wednesday, July 6th 2011 - 15:42 UTC

  EU blasts credit rating agencies for downgrading Portugal in midst of negotiations

  

  European Commission strongly criticised international credit ratings agencies following the downgrade of Portugal by Moody's. The Commission said the timing of the downgrade was “questionable” and raised the issue of the “appropriateness of behaviour” of the agencies in general.

• Tuesday, May 17th 2011 - 00:44 UTC

  Euro aid package for Portugal approved but private bond holders also involved

  

  Euro zone finance ministers approved Monday a three-year, 78-billion Euro emergency loan program for Portugal and said Lisbon would ask private bondholders to maintain their exposure to its debt.

• Tuesday, May 3rd 2011 - 22:52 UTC

  Portugal reaches agreement with EU and IMF for 116 billion dollars bail-out

  

  Portugal’s caretaker Prime Minister Jose Socrates announced Tuesday that he has reached agreement on a bail-out from the EU and the International Monetary Fund. He said the three-year loan was a “good agreement that defends Portugal”.