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Portugal’s BES insists family losses will not put bank at risk
LISBON/LONDON (Reuters) - Losses on loans to the troubled business empire of its founding family will not put Banco Espirito Santo at risk of running short of capital, the bank...
Portugal’s BES insists family losses will not put bank at risk
LISBON/LONDON (Reuters) - Losses on loans to the troubled business empire of its founding family will not put Banco Espirito Santo at risk of running short of capital, the bank...
Banco Espirito Santo shares slide on reports of holding company debt plan
LISBON (Reuters) - A near-10 percent fall in the shares of Banco Espirito Santo(BES) accompanied a spike in Portuguese bond yields on Wednesday, with reports of a proposed debt-restructuring increasing...
‘Mission accomplished’ as Portugal passes last bailout review
LISBON (Reuters) - Portugal's economy has passed a final review by its EU and IMF lenders, paving the way for a smooth exit from its 78 billion euro bailout program...
Surfing record-holder awaits ‘monster’ wave in Portugal
NAZARE, Portugal (Reuters) - World-renowned American surfer Garrett McNamara holds a record for riding a 78-foot (24-m) wave - the largest ever surfed. Now he wants to find one almost...
Portugal’s ‘discredited’ parties a boon for local independents
SINTRA, Portugal (Reuters) - Disillusion with Portugal's main parties, both battered by association with the country's deep economic crisis and international bailout, is translating into a surge in independent candidates...
Portuguese politics may spoil European austerity recipe
LISBON (Reuters) - Europe hoped Portugal would stick to the austerity prescribed in its financial rescue, graduating next year and following Ireland in a successful recovery from economic slump. Instead,...
Portugal opposition wants bailout renegotiation
LISBON (Reuters) - The opposition Socialists demanded a renegotiation of Portugal's bailout terms on Friday, raising a hurdle to a cross-party pact the president says is needed to end the...
Second ministerial resignation plunges Portugal into crisis
LISBON (Reuters) - Portugal's prime minister refused to accept the resignation of his foreign minister on Tuesday, raising the stakes in a political crisis that could derail Lisbon's plan to...
Portuguese anti-austerity strike hits mostly transport
LISBON (Reuters) - Portuguese unions halted public transport on Thursday in a peaceful one-day strike against austerity measures that have led to the worst economic slump since the 1970s and...