BRUSSELS The European Commission is likely to propose on Wednesday to fine Spain and Portugal for not effectively cutting their budget deficits and to give them new, longer deadlines to reduce their shortfalls to EU limits.
LISBON Portugal has a budget cushion worth 0.3 percent of GDP to guarantee that this year's fiscal commitments are met, the government told the European Commission on Monday as it seeks to convince Brussels not to impose sanctions over its 2015 deficit.
LISBON/PARIS Portugal has asked Europe's antitrust chief to take action to prevent a merged Deutsche Boerse and London Stock Exchange becoming so dominant that it would make access to finance more difficult.
LISBON/PARIS, July 13 Portugal has asked Europe's antitrust chief to take action to prevent a merged Deutsche Boerse and London Stock Exchange becoming so dominant that it would make access to finance more difficult.
PARIS European Commissioner Pierre Moscovici said on Wednesday Spain and Portugal could see possible fines for breaching budget deficit rules set at zero if they provide sufficient guarantees that they are reining in spending.
BRUSSELS European Union finance ministers endorsed on Tuesday a deficit sanction procedure for Spain and Portugal, paving the way for the EU executive to propose possible fines in the next 20 days.
PARIS Portugal does not deserve to be penalised by the European Union for missing fiscal targets, having made a huge effort to rein in its public finances, French Finance Minister Michel Sapin said on Monday.
LISBON OECD chief Angel Gurria on Friday urged the European Commission not to apply sanctions on Portugal and Spain for overshooting their budget deficit goals, saying it was the "the last thing we need" as Europe grapples with Brexit and other challenges.
FRANKFURT/LISBON The ripples from Britain's decision to leave the European Union have spread across Europe to its southwestern edge, where Portugal is quietly struggling to contain a banking crisis.
SAINT-ETIENNE-DU-ROUVRAY, France Knife-wielding attackers interrupted a French church service, forced the priest to his knees and slit his throat on Tuesday, a murder made even more shocking as one of the assailants was a known would-be jihadist under supposedly tight surveillance. | Video