BRUSSELS Spain and Portugal might yet face economic sanctions for their excessive budget deficits, the head of euro zone finance ministers said on Tuesday, after the European Commission gave them a reprieve last week.
BRUSSELS The European Commission on Wednesday put off any disciplinary action against Spain and Portugal for busting their budgets until after the Spanish general election on June 26, a political gift to conservative Prime Minister Mariano Rajoy.
LONDON, April 29 Portugal's borrowing costs rose on Friday after a court decision revived concerns about Lisbon's banks, and the country faced a ratings review that could edge it closer to junk territory and exclusion from the ECB's quantitative easing scheme.
LONDON, April 28 Portugal's 10-year bond yield reversed falls on Thursday after reports that a Lisbon court has provisionally suspended a central bank decision to transfer bonds from "good bank" Novo Banco to Banco Espirito Santo.
LONDON Barclays said on Thursday it had agreed to sell its Barclaycard consumer payments business in Portugal and Spain to Bancopopular-e, pressing ahead with the disposal of unwanted assets under new Chief Executive Jes Staley.
LONDON, April 25 Portugal's commitment to fiscal targets and a healthy relationship with its European partners are important supports for the credit rating it needs to remain eligible for ECB bond buying, a senior DBRS official said on Monday.
* Without Banif recap, Lisbon deficit at 2.8 pct/GDP (adds data on Portugal deficit with Banif recap)
BRUSSELS, April 21 Portugal had a budget deficit, excluding one-off government support for the Banif bank, of 2.8 percent of gross domestic product last year, the European Union's statistics office Eurostat said on Thursday.
BRUSSELS, April 21 Spain and Portugal had bigger than expected budget deficits last year, badly missing targets set by European Union finance ministers, the European Union statistics office's data showed on Thursday.
By Patricia Duarte, Guillermo Parra-Bernal and Eduardo Simões
By Jan Strupczewski, Francesco Guarascio and Alastair Macdonald