Portugal: parliament approves broad guidelines of 2013 draft budget;...
Portuguese parliament approved today the broad guidelines of the 2013 draft budget. The bill will be discussed in committees and the final vote is scheduled for November 27. In a response to the...
View ArticleMerkel visit to Portugal: the reasons
On yesterday's visit to Portugal, German Chancellor Angela Merkel was certainly endorsing the Portuguese government reform drive to honor the bailout agreement. But the visit was not just political....
View ArticleOCDE on Portugal: "Strict implementation of consolidation plans should remain...
The OECD released its Economic Outlook for 2013 and 2014. For Portugal, the OECD projects a GDP contraction of 1.8% in 2013 and 0.9% growth in 2014. It mentions that "Strict implementation of...
View ArticlePortugal: parliament approves 2013 State budget (RTRS)
Portuguese parliament approved 2013 State budget, which aims to cut the budget deficit to 4.5 percent of GDP and envisages 1 percent GDP decline.
View ArticlePortuguese PM: to slash government spending will have to review welfare...
In a television interview, last night, Portuguese prime-minister recognized that it is hard to fight the current level of spending to meet budget deficit targets without affecting also the sectors...
View ArticleAsmussen on Portugal: OMT "is for the Governing Council to decide; necessary...
In an interview published in Tuesday's edition of the Jornal de Negocios, Joerg Asmussen, Member of the ECB's Executive Board, said Portugal took "a significant step forward" with the issuance of a...
View ArticlePortugal debt office chief: "we don't have to rush into any transaction" in...
Joao Moreira Rato, chairman of the IGCP (Portuguese Treasury and Public Debt Agency), in an interview to The Wall Street Journal, said that Portugal isn't targeting any "specific date" for a market...
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