Portugal

Portugal to cut debt to try to lift its creditworthiness – Business Day – 18/10/2017

Portugal hopes to cut its total debt to 120% of GDP by 2019 from 130% in 2016, finance minister Mario Centeno said — a change that could help boost the country’s creditworthiness.

Source:  Business Day, 2017/10/18

By |October 19th, 2017|Categories: News|Tags: , , |

Portugal debt agency official says worried about liquidity, QE exit – Reuters – 13/05/2017

A senior official at the Portuguese debt agency said on Saturday he was worried about liquidity in the country's bond markets and how the European Central Bank will withdraw its asset-purchase stimulus scheme.

Source:  Reuters, 2017/05/13

By |May 24th, 2017|Categories: News|Tags: , , |

Portugal debt agency official says worried about liquidity, QE exit – Reuters – 13/05/2017

A senior official at the Portuguese debt agency said on Saturday he was worried about liquidity in the country's bond markets and how the European Central Bank will withdraw its asset-purchase stimulus scheme.

Source:  Reuters, 13/05/2017

By |May 17th, 2017|Categories: News|Tags: , , |

Portugal cuts its fiscal deficit while raising pensions and wages – The Economist – 30/03/2017

The Socialists say their Keynesian policies are working, others fret about Portugal’s debts

Source:  The Economist, 2017/03/30

By |March 30th, 2017|Categories: News|Tags: , , |

ECB buying of Portuguese debt hit new low as limit looms – Reuters – 06/03/2017

The European Central Bank slowed its purchases of Portuguese government debt to a new low in February, just as the nation's borrowing costs hit a three-year high on the debt market.

Source:  Reuters, 2017/03/06

By |March 9th, 2017|Categories: News|Tags: , , , |

Yield on 10-year Portuguese public debt exceeds 4.0% – Macauhub – 06/01/2017

The yield on Portugal’s public debt on Thursday rose to over 4.0%, the highest since February 2016 and the ceiling set by the DBRS agency to stop the debt being rated as “junk,” according to data released by financial news agency Bloomberg.

Source:  Macauhub, 2017/01/06

By |January 12th, 2017|Categories: News|Tags: , , , |

Portugal must watch its spending: ECB, Commission – Reuters – 08/12/2016

The Portuguese government must spend its money more efficiently to bring down its high public debt and meet its obligations as bond yields rise, the European Central Bank and the European Commission said on Thursday. The two institutions had just completed their fifth "surveillance mission" since Portugal left its bailout programme in 2014. "The very [...]

By |December 15th, 2016|Categories: News|Tags: , , |

DBRS maintains Portugal’s crucial credit rating – FT – 21/10/2016

Downgrade would have hit international confidence in Lisbon’s economic programme.

Source:  FT, 2016/10/21

By |October 27th, 2016|Categories: News|Tags: , , |

IMF issues warning to Portugal after austerity policy rollbacks – Public Finance International – 23/09/2016

Anti-austerity policy reversals in Portugal are starting to rewind the country’s fragile economic recovery, according to the International Monetary Fund.

Source:  Public Finance International, 2016/09/23

By |September 29th, 2016|Categories: News|Tags: , , , |

Portugal cenbank says ECB bond purchases far from hitting limit

Purchases of Portuguese public debt by the European Central Bank under its quantitative easing programme are nowhere close to reaching any limits and will continue at least until March 2017, the Bank of Portugal said. Portugal's bond yields have spiked to 2-1/2 month highs since the European Central Bank said earlier this month it did [...]

By |September 23rd, 2016|Categories: News|Tags: , , |