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Portugal Debt

Finally, the End of the Five-Year Armageddon Trade?

Terry Connelly | Posted 04.20.2014 | Business
Terry Connelly

Plenty of worry for the famous wall that markets often climb, but no Armageddon's on the horizon. Maybe we can get back to "normalcy" after all, even with increased market "volume" more to the upside.

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?

More Than 100,000 People Protest Against Austerity In Portugal

Reuters | Posted 04.13.2012 | Business

* Organisers claim 300,000 took part * More protests against bailout austerity on Feb. 29 * EU/IMF inspectors arrive on ...

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...

EU Finance Ministers Urge Austerity Reforms As European Unions Protest

Posted 06.09.2011 | Business

GODOLLO, Hungary (Marton Dunai) - EU finance ministers on Saturday urged Portugal to commit to reforms and defended the region's austerity steps as ...

Oil Tops $122 Per Barrel, Gold Hits Another Record

Posted 06.05.2011 | Business

By Leah Schnurr - NEW YORK - Prices of spot gold notched a record high on Tuesday as a downgrade of Portugal's debt stirred a bid for safety, whil...

Portugal Government May Collapse Ahead Of Austerity Vote

AP | BARRY HATTON | Posted 05.25.2011 | Business

LISBON, Portugal — Debt-stressed Portugal's prime minister quit Wednesday after opposition parties rejected his latest austerity measures devise...

Another EU Country Has Its Debt Downgraded

AP | PAN PYLAS | Posted 05.25.2011 | Business

LONDON — Portugal had its credit rating downgraded Thursday by the Fitch Ratings agency amid mounting concerns over the country's ability to rai...

Irish and Greek Defaults Will Reshape Europe

Jeffrey Rubin | Posted 05.25.2011 | Business
Jeffrey Rubin

Clumping fiscally wayward economies with much lower per-capita incomes, like Portugal, Spain, Ireland and Greece, into a common currency union with Northern Europe is not sustainable.

Portugal Braces For Next Wave Of Speculative Trades After Ireland Crisis

AP | BARRY HATTON | Posted 05.25.2011 | Business

LISBON, Portugal — Portugal is bracing for an increase in speculative trades against it as some investors expect it to be the next European nati...

A Hybrid Conservatorship Model for Greece?

Sandeep Gopalan | Posted 05.25.2011 | World
Sandeep Gopalan

Brussels is host to a confused gaggle of European Union leaders as they summit for yet another crack at the Greek puzzle today. Here's a look at the various options and their feasibility.

Frantic EU Scrambles For Solution To Greek Debt Crisis As Euro Plummets

AP | AOIFE WHITE | Posted 05.25.2011 | Business

BRUSSELS — European leaders are facing a moment of truth at a Thursday summit, as markets press them to come up with a financial safety net for ...

Merkel: EU Bailout Fund would halt speculators

AP | AOIFE WHITE | Posted 05.25.2011 | Business

BRUSSELS — European officials urged the U.S. to join in a crackdown on speculators who bet against Europe's currency union, warning they might b...

Greek Debt Crisis: Why It Could Be A Good Thing For Europe

Reuters | Brian Love | Posted 05.25.2011 | Business

PARIS (Reuters) - Greece's debt crisis may end up helping Europe in the long run if it pressures governments to start addressing the potentially colos...

European Union's Cutbacks For Indebted Countries Feed Worries Of A "Second Great Depression"

AP | SHAWN POGATCHNIK and PAN PYLAS | Posted 05.25.2011 | Business

DUBLIN — To keep its debt crisis from mushrooming out of control, the European Union is imposing harsh cutbacks on millions of ordinary people i...

George Soros: The euro will face bigger tests than Greece

ft.com | George Soros | Posted 05.25.2011 | Business

The construction of the Euro, George Soros writes, "is patently flawed. A fully fledged currency requires both a central bank and a Treasury. The Trea...

Greek Stocks Down 3.9% In 'A Wholesale Selling Off Of The Country'

wsj.com | ALKMAN GRANITSAS | Posted 05.25.2011 | Business

The Athens Stock Exchange's general index closed 3.9% lower at 1806.40 on relatively heavy turnover, while major markets firmed. Investors also demand...

Stocks Sink To Lowest In 3 Months: Here's Why

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Stocks buckled Thursday under the growing belief that the global economy is weaker than many investors expected and likely to stop co...

Greece, Portugal Debt Worries Drag Down World Markets

AP | JOE McDONALD | Posted 05.25.2011 | Business

BEIJING — Asian stocks tumbled Friday as ballooning European debt and a rise in U.S. unemployment claims added to fears the global recovery coul...