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Banco Espirito Santo

In Portugal, a 'bad bank' saves the day

Aug 4, 2014
Portugal uses a good bank/bad bank strategy to rescue Banco Espirito Santo.
Posted In: Portugal, Banks, bad debt

Portugal's political crisis rooted in economics

Jul 3, 2013
Resignations by Portugal’s finance minister and foreign minister sent European markets tumbling.
Posted In: Portugal, European debt crisis

Portugal on verge of collapse, euro crisis flares

Jul 3, 2013
Europe's financial crisis flared anew on Wednesday, after Portugal's finance minister quit and the government teetered on the edge of collapse.
Posted In: Portugal, Europe debt crisis

Portugal court throws austerity cuts for a loop

Apr 8, 2013
Portugal's economic future is in doubt this morning after the country's high court ruled that many of the government's bailout cuts are unconstitutional.
Posted In: Portugal, austerity, Europe debt crisis

Strikes signal greater unity problems in eurozone

Nov 14, 2012
Europeans in Spain, Portugal and Greece protest austerity measures with a general strike today, but the real problem could be a greater lack of unity across the eurozone.
Posted In: spain, strike, Portugal, Greece

Portugal's banks get $8 billion bailout

Jun 4, 2012
Today three big banks in Portugal were forced to draw on $8.25 billion worth of European Union bailout money to weather the current financial storm. Portugal has been slogging through very tight budgets in order to be eligible for money like this.
Posted In: Portugal, Europe debt crisis, recession

What's Up, Europe? Gloom over austerity... and soccer in Portugal

Jun 4, 2012
Portugal was approved for its latest installment of bailout cash. What's life like for the Portuguese living under the gloom of austerity, and likely losses at the European Championship.
Posted In: Portugal, Whats up Europe

Portugal cuts four public holidays to trim budget

May 9, 2012
The Portuguese government announced plans to abolish four national holiday to help ease that country's debt crisis.
Posted In: Portugal, Europe debt crisis

In Portugal, public workers defy Carnival cutback

Feb 21, 2012
The government in Portugal said as part of belt tightening, it wouldn't give people the day off for Fat Tuesday celebrations. That didn't really work.
Posted In: Portugal

Portugal's prime minister seeks help in Angola

Nov 17, 2011
Pedro Passos de Coelho is in Portugal today asking investors in the economically-robust former colony to invest in cash-strapped Portugal.
Posted In: Angola, Portugal

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