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Thursday 8 June 2023 Dublin: 12°C

# Portuguese Economy

All time
# Bailout
EU fund issues new bonds to pay for Irish bailout
The European Financial Stability Fund says it issued €3bn in three-year bonds, at a rate over four times cheaper than we’d get.
# Review 2011
Recessions, downgrades and Super Mario - 2011: the year in money
2011 may be remembered in future as the year we sorted out the financial crisis – or the year in which it grew beyond our control.
# Debt Crisis
Student study: Ireland could write off 85 per cent of its European debt
The pan-European ESCP business school says Ireland could get rid of €184bn in debts – by simply cancelling them out with others.
# Eurozone
Bond yields dive, and Euro up, as markets embrace Brussels deal
The cost of borrowing for Europe’s strugglers is falling this morning, after leaders struck deals on gentler bailouts.
# Bailout
Irish bailout rate 'cut to under 4 per cent' by draft agreement - report
RTÉ says a draft agreement being considered in Brussels would slash our interest rate and extend our repayments.
# Bailout
European finance leaders sign off on Portugal's €78bn bailout
Portugal will borrow over 7.5 years at an average interest rate of 5.7 per cent – slightly less than the 5.83 per cent we pay.
# Finland
Parties bypass True Finns to agree support for Portuguese bailout
Timo Soimi’s True Finns are sidelined as three other large parties agree to support a parliamentary vote to approve the loan.
# Portugal
Portugal seals the deal on €78bn EU-IMF bailout
Portugal’s caretaker government signs off on the Eurozone’s third bailout package – but is their deal better than ours?
# Bailout
Portuguese bailout deal due 'in days' - while Greece seeks extension
A preliminary agreement on emergency lending to Portugal’s caretaker government is due in days, an EU official says.
# Portugal
Portuguese finance minister admits: 'We're going to need a bailout'
A third Eurozone country admits the need for foreign help after a new bond auction sends interest rates spiralling.
# Bondwatch
Bond prices surge again after Portuguese budget defeat
The costs of borrowing for both Ireland and Portugal take a battering in the aftermath of the latter’s prime minister quitting.
# Portugal
Portugal's prime minister quits after bitter budget defeat
Jose Socrates quits power after parliament defeats his fourth austerity budget in less than a year – as an EU summit begins.
# Portugal
Portugal facing choppy waters after Moody's debt downgrade
The ratings agency cuts the rating it gives to Portuguese government debt, down two notches from A1 and A3.
# Bondwatch
Portuguese treasury build auction sees yields rise
Portugal issues €1bn in twelve-month bills, while buying back some of its older debt – but the results aren’t ideal.
# Bond Markets
ECB bought €2.7bn of bonds last week alone
So much for winding down the controversial bond-buying scheme… Frankfurt may have been the only buyer last week.
# Debt Crisis
Has the contagion been stopped? EU bond yields dive
The costs of borrowing for Portugal, Italy and Spain has fallen, easing some fear about the Eurozone debt crisis.
# Portuguese Economy
Lisbon, Brussels, Berlin deny pressure for Portuguese bailout
All parties deny a Financial Times Deutschland claiming that Portugal is under pressure to take a bailout. Sound familiar?
# Portugal
Portugal readies for day of all-out national strike
Portugal’s two main trade unions will hold their first joint strike for decades, bring the country’s services to a standstill.
# Bailout Republic?
EU to tell Ireland: Take a bailout today
The world’s press is sure of it: everywhere the government turns, it’s told to accept an international handout.
# Portuguese Economy
Portugal admits 'high risk' of needing a bailout
The country’s finance minister admits Portugal may ask for assistance – and implies that it could be Ireland’s fault.
# Ni-hao's it going?
Could China be stepping in to buy Irish bonds?
China bought Greek debt at the time of the bailout, and hints it’s been buying Portugal. Could Ireland be next?
# Bond Markets
Uh-oh: two days after reining in, bond yields explode again
The cost of government ten-year borrowing was under 6% on Tuesday. Today it closed above 6.5% again.