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#Portuguese Economy

# portuguese-economy - Thursday 5 January, 2012

EU fund issues new bonds to pay for Irish bailout

The European Financial Stability Fund says it issued €3bn in three-year bonds, at a rate over four times cheaper than we’d get.

# portuguese-economy - Thursday 29 December, 2011

Recessions, downgrades and Super Mario - 2011: the year in money Review 2011 This post contains images

Recessions, downgrades and Super Mario - 2011: the year in money

2011 may be remembered in future as the year we sorted out the financial crisis – or the year in which it grew beyond our control.

# portuguese-economy - Monday 21 November, 2011

Student study: Ireland could write off 85 per cent of its European debt

The pan-European ESCP business school says Ireland could get rid of €184bn in debts – by simply cancelling them out with others.

# portuguese-economy - Friday 22 July, 2011

Bond yields dive, and Euro up, as markets embrace Brussels deal

The cost of borrowing for Europe’s strugglers is falling this morning, after leaders struck deals on gentler bailouts.

# portuguese-economy - Thursday 21 July, 2011

Irish bailout rate 'cut to under 4 per cent' by draft agreement - report

RTÉ says a draft agreement being considered in Brussels would slash our interest rate and extend our repayments.

# portuguese-economy - Monday 16 May, 2011

European finance leaders sign off on Portugal's €78bn bailout

Portugal will borrow over 7.5 years at an average interest rate of 5.7 per cent – slightly less than the 5.83 per cent we pay.

# portuguese-economy - Wednesday 11 May, 2011

Parties bypass True Finns to agree support for Portuguese bailout

Timo Soimi’s True Finns are sidelined as three other large parties agree to support a parliamentary vote to approve the loan.

# portuguese-economy - Wednesday 4 May, 2011

Portugal seals the deal on €78bn EU-IMF bailout

Portugal’s caretaker government signs off on the Eurozone’s third bailout package – but is their deal better than ours?

# portuguese-economy - Tuesday 3 May, 2011

Portuguese bailout deal due 'in days' - while Greece seeks extension

A preliminary agreement on emergency lending to Portugal’s caretaker government is due in days, an EU official says.

# portuguese-economy - Wednesday 6 April, 2011

Portuguese finance minister admits: 'We're going to need a bailout'

A third Eurozone country admits the need for foreign help after a new bond auction sends interest rates spiralling.

# portuguese-economy - Thursday 24 March, 2011

Bond prices surge again after Portuguese budget defeat

The costs of borrowing for both Ireland and Portugal take a battering in the aftermath of the latter’s prime minister quitting.

Portugal's prime minister quits after bitter budget defeat

Jose Socrates quits power after parliament defeats his fourth austerity budget in less than a year – as an EU summit begins.

# portuguese-economy - Wednesday 16 March, 2011

From Business ETC Portugal facing choppy waters after Moody's debt downgrade Portugal

Portugal facing choppy waters after Moody's debt downgrade

The ratings agency cuts the rating it gives to Portuguese government debt, down two notches from A1 and A3.

# portuguese-economy - Wednesday 16 February, 2011

From Business ETC Portuguese treasury build auction sees yields rise Bondwatch

Portuguese treasury build auction sees yields rise

Portugal issues €1bn in twelve-month bills, while buying back some of its older debt – but the results aren’t ideal.

# portuguese-economy - Monday 13 December, 2010

ECB bought €2.7bn of bonds last week alone

So much for winding down the controversial bond-buying scheme… Frankfurt may have been the only buyer last week.

# portuguese-economy - Wednesday 1 December, 2010

Has the contagion been stopped? EU bond yields dive

The costs of borrowing for Portugal, Italy and Spain has fallen, easing some fear about the Eurozone debt crisis.

# portuguese-economy - Friday 26 November, 2010

Lisbon, Brussels, Berlin deny pressure for Portuguese bailout Portuguese Economy

Lisbon, Brussels, Berlin deny pressure for Portuguese bailout

All parties deny a Financial Times Deutschland claiming that Portugal is under pressure to take a bailout. Sound familiar?

# portuguese-economy - Wednesday 24 November, 2010

Portugal readies for day of all-out national strike

Portugal’s two main trade unions will hold their first joint strike for decades, bring the country’s services to a standstill.

# portuguese-economy - Tuesday 16 November, 2010

EU to tell Ireland: Take a bailout today Bailout Republic?

EU to tell Ireland: Take a bailout today

The world’s press is sure of it: everywhere the government turns, it’s told to accept an international handout.

# portuguese-economy - Monday 15 November, 2010

Take 5: Monday

5 minutes, 5 stories, 5 o’clock.

Portugal admits 'high risk' of needing a bailout

The country’s finance minister admits Portugal may ask for assistance – and implies that it could be Ireland’s fault.

# portuguese-economy - Thursday 11 November, 2010

Could China be stepping in to buy Irish bonds?

China bought Greek debt at the time of the bailout, and hints it’s been buying Portugal. Could Ireland be next?

# portuguese-economy - Thursday 21 October, 2010

Uh-oh: two days after reining in, bond yields explode again

The cost of government ten-year borrowing was under 6% on Tuesday. Today it closed above 6.5% again.