All posts tagged "Portugal"

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  German EU Official Urges Action Against Spain, Portugal

  EU wants countries to keep budget deficits below 3 percent of their annual GDP

  • Posted July 4, 2016
• In Southern Europe, an Astute Negotiator Unpicks Austerity

  LISBON, Portugal – He doesn’t boast about being an expert deal-maker like Donald Trump, but new Portuguese Prime Minister Antonio Costa is quietly building a reputation as a canny negotiator and a government leader to watch in...

  • Posted February 12, 2016
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• Portugal’s Fellow Euro States Keep Wary Eye on its Budget

  BRUSSELS – Portugal’s fellow states in the 19-nation eurozone are keeping a wary eye on its new government’s plans to roll back budget austerity measures, with the bloc’s top executive and Germany both warning the country not...

  • Posted February 11, 2016
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• Unease as Greek, Portuguese Bond Rates Spike

  LONDON – The financial market turmoil is drawing attention back to the ability of a number of countries that use the euro currency to pay their debts. On Thursday, in a sign that investors are getting somewhat...

  • Posted February 11, 2016
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• Portugal Buys 50 Percent of TAP Airline for $2.1 Million

  LISBON, Portugal – The Portuguese government says it has agreed to buy 50 percent of the country’s carrier TAP Air Portugal for 1.9 million euros ($2.1 million). Speaking after a signing ceremony Saturday, Humberto Pedrosa, who heads...

  • Posted February 6, 2016
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• Portugal Eyes Tax Hikes for Banks, Cars in Annual Budget

  LISBON, Portugal – Portugal’s government is looking to increase taxes on the country’s most profitable business sectors as it tries to reconcile the debt-cutting demands of European authorities with its anti-austerity promises to workers and pensioners. Lawmakers...

  • Posted February 3, 2016
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• Portugal’s Government Hangs Tough on Ending Austerity

  LISBON, Portugal – Portugal’s prime minister said Friday he will seek to accommodate European authorities’ concerns about his government’s spending plan for this year, but won’t give up his promise to end austerity in the country. Antonio...

  • Posted January 29, 2016
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• Portugal Workers Stage Strike for Quicker end to Austerity

  LISBON, Portugal – Portugal’s new Socialist government is facing its first strike, with one of the biggest public sector trade unions saying its members will walk off the job to force a quicker rollback of austerity measures....

  • Posted January 27, 2016
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• Portugal’s New President Demands Financial Discipline

  LISBON, Portugal – A center-right candidate scored a resounding victory in Portugal’s presidential election Sunday, warning he would use the largely ceremonial post to prevent the center-left anti-austerity government from worsening the debt-heavy country’s financial health. Marcelo...

  • Posted January 24, 2016
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• Portugal’s new Gov’t says Goodbye to Post-bailout Austerity

  LISBON, Portugal – Portugal’s new Socialist government is promising to lower the country’s budget deficit this year, while also scrapping unpopular austerity measures. A draft 2016 state budget presented to Parliament on Friday puts the deficit target...

  • Posted January 22, 2016
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