The president of Portugal's central bank wants to mimic what has been done in Italy and has asked for exemption from EU state aid rules so that a mechanism for purchasing non-performing loans can be set up. EURACTIV’s new partner Milano Finanza reports.
Portugal's Socialist-led lawmakers on Tuesday (22 February) approved a 2016 budget that pledges to reverse unpopular austerity measures but is seen as high-risk by critics and investors, with Lisbon under EU pressure to stay on a disciplined path.
Given the predicted poll results ahead of December's Spanish elections, and the crisis in Catalonia, it would be over-simplistic, and probably wrong, to compare political developments in Spain and Portugal, writes Elisa Lledó.
The Portuguese Communist Party has agreed to form a governing coalition with the Socialist Party. The fate of Portugal’s minority government will be decided in a vote of no confidence on Tuesday (10 November). Our partner La Tribune reports.
Portugal's president accepted yesterday (27 October) the line-up of a new minority government that will be sworn in on Friday, starting the countdown on persuading the opposition-dominated parliament to accept its program or face the collapse of the cabinet.
Portugal's centre-right prime minister, and the head of the opposition Socialists, made rival offers yesterday (20 October) to form the next government, exacerbating the country's political stalemate following this month's inconclusive election.
The head of Portugal's main opposition Socialists on Monday (12 October) raised the prospect of forming an "alternative government" with two other leftist parties, after inconclusive elections saw the ruling centre-right fall short of an outright victory.
Portugal's president asked Prime Minister Pedro Passos Coelho on Monday (5 October) to form a government, following an inconclusive election which denied the centre-right leader a parliamentary majority.
Spain's centre-right Prime Minister Mariano Rajoy hit back yesterday (1 March) against accusations from Greece's leftist premier that Spain and Portugal had led a conservative conspiracy to topple his anti-austerity government.
Portugal's interior minister resigned yesterday (16 November) over an investigation into alleged corruption linked to the issuing of so-called "golden visas" to wealthy foreigners, but denied wrongdoing and said the move was to save damage to the government.
European Commission Vice President Siim Kallas congratulated Portugal for having been able to exit its three-year €78-billion bailout on Saturday (17 May), but warned that there was no room for complacency, as many challenges are still facing the country.
Portugal said yesterday (4 May) it would exit its three-year €78-billion bailout this month without a precautionary credit line, as the country returns to growth after years of painful austerity and unpopular reforms.
Portugal's prime minister has ruled out any backtracking on the country's bailout terms as his revamped government easily won a confidence vote intended to show it has repaired an internal rift over austerity.
Brussels has warned Portugal to stick to the bailout austerity measures agreed in 2011 or risk losing further financial hep.
The warning came following a decision by the Portuguese constitutional court to reject a set of unpopular public spending cuts aimed at reducing the country's deficit.
In a televised speech on Sunday, Portugal's prime minister Pedro Passos Coelho described the country's economic situation as a 'national emergency' and pled to follow the terms agreed with international lenders.
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