Portugal

Source: thinkstockThe European Central Bank announced a negative interest rate policy on Thursday. It may not have been enough for the stimulus-addiction crowd, but this is truly an experiment. If...
Source: ThinkstockAfter a battle between Portugal’s top court and its central government over the constitutionality of certain austerity measures, the prime minister says he will pursue any legal...
Source: ThinkstockThe highest court in Portugal ruled that some of the austerity measures to be employed by the government to curtail deficits are not constitutional. In reaction, the central...
The bailout of Greece is virtually assured because the Germany parliament has approved funds for the action. The International Monetary Fund and other European Union nations also have assured...
Many economists are more worried about the contagion that a Greek default would bring than about the default itself. The eurozone may increase the size of its 440 billion euro European Financial...
Stocks are supposed to be the ideal long-term investment because the history of the market is that it rises relentlessly, with a few bumps along the way. But Americans have turned their backs on...
Germany’s GDP rose by 1.5% in the first quarter. France’s was higher by 1%. The numbers are nothing to brag about, but they are far better than those of the weak economies of Ireland, Greece and...
A US-style stimulus may be all that is between defaults of the sovereign debt of Greece, Portugal, and Ireland. It is a plan which is extremely unlikely to be undertaken, but it may be the only one...
China eased restrictions on US companies to give them access to supply the People’s Republic services and to sell mutual funds. (Reuters)Toyota’s (NYSE: TM) operating profit dropped 52% in the...
The effort to keep the sovereign paper of Portugal viable was to begin when the country asked for aid from the EU and IMF. Departing Prime Minister José Sócrates said the new bailout transaction is...
Glencore’s IPO will be for about $11 billion. (Reuters)The slide of the dollar has caused concerns about how it may hurt the stability of the credit markets. (Reuters)Portugal set a bailout with...
The politics within national borders have been a limitation to the bailouts of financially weak European nations which so far include Ireland, Greece, and Portugal. Ruling parties have been put out...
The head of the opposition in Portugal, Pedro Passos Coelho, wants a seat at the table when his country negotiates with the EU and IMF about a bailout which could total $114 billion. The...
Portugal finally asked the EU for financial aid. The capital markets had driven its cost of borrowing too high to be sustainable. The country also had to admit that the figures from its last budget...