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Posts Tagged ‘Portugal’

Portugal debt downgraded to junk

July 6th, 2011 Comments off

Breaking news

The credit ratings agency Moody’s Investors Service has downgraded Portugal’s debt to junk status.

The agency said there was a growing risk the country would need a second bail-out before it was ready to borrow money from financial markets again.

Portugal, Greece and the Irish Republic were all given bail-out loans to give them time to repair their economies so they could borrow money normally again.

But Greece has already had to start negotiating a second bail-out.


BBC News – Business

Categories: Investing Tags: , , ,

IMF Approves 26 Billion-Euro Loan to Portugal

May 20th, 2011 Comments off

The International Monetary Fund said today it approved a 26 billion-euro loan to Portugal as part of a joint rescue package with the European Union.
BusinessWeek.com — Finance

Categories: Investing Tags: , , ,

Portugal Bailout Approved as EU Presses Greece to Sell Assets

May 16th, 2011 Comments off

European finance ministers endorsed a 78 billion-euro ($ 111 billion) bailout for Portugal as they stepped up pressure on Greece to do more to win improved aid terms.
BusinessWeek.com — Finance

IMF, EU Officials Meet in Portugal to Prepare Bailout Plan

April 12th, 2011 Comments off

International Monetary Fund, European Commission and European Central Bank officials will be in Lisbon today as they start preparing an estimated 80 billion- euro ($ 116 billion) aid program for Portugal, the third euro- region nation to request a bailout in a year.
BusinessWeek.com — Finance

Portugal Is Pressed for Sustainable Cuts to End Euro Crisis

April 9th, 2011 Comments off

Europe’s wealthy countries looked to Portugal to resolve the year-old euro debt crisis by coming up with “sustainable” deficit cuts to pave the way to an 80 billion-euro ($ 116 billion) bailout.
BusinessWeek.com — Finance

Portugal Pressed for Sustainable Cuts to Extinguish Euro Crisis

April 9th, 2011 Comments off

Europe’s wealthy countries looked to Portugal to resolve the year-old euro debt crisis by coming up with “sustainable” deficit cuts to pave the way to an 80 billion-euro ($ 116 billion) bailout.
BusinessWeek.com — Finance

Portugal Faces Extra Austerity Call to Win Aid of EU80 Billion

April 9th, 2011 Comments off

Europe’s wealthy countries pressed Portugal to make deeper-than-planned budget cuts in the heat of an election campaign in exchange for an emergency relief package estimated at 80 billion euros ($ 116 billion).
BusinessWeek.com — Finance

Portugal Pressed for Pre-Election Cuts to Win Aid Package

April 8th, 2011 Comments off

Europe’s rich countries pushed Portugal to make deeper-than-planned budget cuts in the heat of an election campaign in exchange for an emergency aid package estimated at 80 billion euros ($ 115 billion).
BusinessWeek.com — Finance