Optimistic Portugal sticks to a pragmatic reform path
There are so many factors outside our control that no one can make predictions with any certainty, writes Pedro Passos Coelho
Portugal has become the third eurozone country to seek European Union financial assistance over the soaring cost of servicing sovereign debt
Shoes, ‘designer’ toilet paper and vehicles are among the sales successes helping cut the trade deficit and offering hope for the economy
Investors see Lisbon as next in line if Greece exits the euro bloc, despite its efforts to emphasise ‘political stability’ on reforms
Despite being the country many investors believe will be the next to suffer a debt restructuring its 7-10 year bonds returned 21.1 per cent
Moody’s cut the credit ratings of five Portuguese banks, saying their asset quality and profitability were likely to deteriorate in light of the country’s poor economic outlook.
Growing numbers of Portuguese are fleeing the economic woes in their home country to search for opportunities in one of the world’s poorest but fastest growing nations
There are so many factors outside our control that no one can make predictions with any certainty, writes Pedro Passos Coelho
If Lisbon has charmed its official creditors and is working hard to seduce private ones, it must not forget its own citizens
EU leaders may have to tackle problem within weeks rather than months
Its current rescue package expires in 2013, so a decision on whether to extend it should be taken this year. Why not act quickly?
The smaller Iberian nation poses the greater contagion risk, writes
If Lisbon continues along the path of Athens, it could spark default contagion to Italy and Spain, and reignite break-up fears
Moody’s controversial decision to downgrade Portuguese debt this week was really about Germany
The mood has soured once again, with investors appearing increasingly convinced that the crisis cannot be contained