Portugal has announced austerity measures to avoid a debt crisis like the one engulfing Greece, cutting welfare benefits and government hiring.
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Published News
Portugal cuts welfare, raises tax to fight debt (Sydney Morning Herald)
Posted by admin 16 hours ago (http://us.rd.yahoo.com)Bond Report: Treasurys up as Portugal, U.K. issues in spotlight (Market Watch)
Posted by admin 16 hours ago (http://us.rd.yahoo.com)
Treasury prices rose, keying on ratings agencies that highlighted fiscal problems in the U.K. and Portugal.
Portugal slices spending to avert Greek experience (Sydney Morning Herald)
Posted by admin 16 hours ago (http://us.rd.yahoo.com)
LISBON: Portugal announced austerity measures on Monday to avoid a debt crisis like the one engulfing Greece, cutting welfare benefits and government hiring as well as selling assets and raising taxes on the rich.
Fitch May Lower Portugal Rating on ‘Pedestrian’ Cuts (Update1) (Bloomberg)
Posted by admin 16 hours ago (http://us.rd.yahoo.com)
March 9 (Bloomberg) -- Portugal’s AA credit rating may be lowered if the nation fails to take further action to shore up its finances after introducing “pedestrian†budget reforms, Fitch Ratings said.
Portugal lock horns with Brazil, Ivory Coast and North Korea in the group phase of the World Cup and prolific hitman Liedson is particularly looking forward to the match against Brazil, his native country.
Portugal cuts welfare, raises tax to fight debt (Business Day)
Posted by admin 19 hours ago (http://us.rd.yahoo.com)
Portugal has announced austerity measures to avoid a debt crisis like the one engulfing Greece, cutting welfare benefits and government hiring.
Fitch Ratings agency said on Tuesday it has no plans to change its negative outlook on Portugal's double-A credit rating and was studying the details of the country's new austerity measures announced on Monday.
German Bonds Rise as Stocks Fall, Fitch Raises Portugal Concern (Bloomberg)
Posted by admin 21 hours ago (http://us.rd.yahoo.com)
March 9 (Bloomberg) -- German bunds rose for the first day in three as disappointing corporate earnings drove stock markets lower and Fitch Ratings said it may cut Portugal’s credit rating, stoking demand for the safest assets.
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