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Tuesday 3 October 2023 Dublin: 11°C

# Portuguese Economy

All time
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.
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.
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.
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.
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.
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.
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 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?
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.
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.
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'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 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.
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.
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.
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.
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 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.
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.
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.
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?
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.