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Portugal Debt Crisis

What Being A City Of Culture Could Mean For Guimarães, Portugal

Mehdy Ghannad | Posted 09.10.2012 | World
Mehdy Ghannad

With an unemployment rate hovering around 15% and with an ever-growing debt-to-GDP ratio, Portugal is in dire need of financial assistance to resuscitate its economy. Could tourism be the silver bullet?

Portugal's Credit Rating Downgraded To Junk Territory By Moody's

Posted 09.04.2011 | Business

NEW YORK (Walter Brandimarte and Daniel Bases) - Moody's Investors Service on Tuesday slashed Portugal's credit rating into junk territory, saying...

Portugal Bailout Terms Are 'Severe,' EU Says

AP | By GABRIELE STEINHAUSER and BARRY HATTON | Posted 07.04.2011 | Business

LISBON, Portugal -- Portugal's bailout terms are 'severe' and no more lenient than those Greece and Ireland received, an EU official said Wednesday in...

Portugal Faces Severe Fiscal and Economic Crisis As Eurozone Sovereign Debt Fears Grow

Sheldon Filger | Posted 05.28.2011 | Business
Sheldon Filger

The weakest links in the Eurozone chain are known as the PIIGS. This acronym represents five fiscally vulnerable members of the European monetary unio...

EU Debt Crisis Is 'Systemic,' According To Official's Warning

Posted 05.25.2011 | Business

BRUSSELS/BERLIN (By Jan Strupczewski and Erik Kirschbaum): European Union leaders will be warned on Thursday that a rolling debt crisis poses a syste...