Portugal

Portugal premier says not to seek more bailout funds

LISBON - Portugal's prime minister ruled out on Friday any intention to seek more emergency funding or to extend a 78-billion-euro (65-billion-pound) bailout, underlining that his government will meet fiscal goals and economic reforms to overcome the country's debt crisis.

UPDATE 1-Portugal premier says not to seek more bailout funds

LISBON, Feb 17 - Portugal's prime minister ruled out on Friday any intention to seek more emergency funding or to extend a 78-billion-euro bailout, underlining that his government will meet fiscal goals and economic reforms to overcome the country's debt crisis.

17 Feb 2012

Portugal aid review starts; troika seen supportive

LISBON - Portugal's international lenders arrived in Lisbon on Wednesday to review the country's bailout, with soothing words of support likely to dominate as Europe gropes for success stories to counteract its interminable Greek headache.

15 Feb 2012

Portugal's refiner Galp says doesn't import Iran oil

LISBON - Portugal's only refiner Galp said on Wednesday it does not import Iranian oil and therefore is not affected by the Islamic republic's halting of oil exports to six European states in retaliation for European Union sanctions.

15 Feb 2012

Analysis - Greece heads for record books as economy slumps

LONDON - Entering the fifth year of recession, Greece is writing its name in the book of unwanted records for one of the deepest economic slumps of modern times.

14 Feb 2012

Moody's warns may cut AAA-rating for UK and France

NEW YORK - Rating agency Moody's warned it may cut the triple-A ratings of France, Britain and Austria and it downgraded six other European nations including Italy, Spain and Portugal, citing growing risks from Europe's debt crisis. | Video

14 Feb 2012

Portugal's recession deepens in Q4, outlook grim

LISBON - Portugal's recession deepened in the fourth quarter of 2011, data showed on Tuesday, and the economy is set to slump further this year as the country, seen as the weakest euro zone link after Greece, implements more austerity under an EU/IMF bailout.

14 Feb 2012

Moody's cuts France, UK, Austria outlooks to negative

NEW YORK - Rating agency Moody's warned on Monday it may cut the triple-A ratings of France, the United Kingdom and Austria while it downgraded the ratings of Italy, Portugal, Spain, Slovakia, Slovenia and Malta.

13 Feb 2012

Portugal watches Greek debt drama with foreboding

LONDON, Feb 10 - Portugal's economy will shrink as much as Greece's this year, according to IMF projections. The two will have identical current account deficits and the red ink in Portugal's budget will be almost as deep as in Greece's.

10 Feb 2012

Analysis - Euro zone strugglers lack innovative knack

LONDON - To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications with the European Patent Office in 2010.

06 Feb 2012
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Assad forces renew barrage on Syria's Homs

AMMAN/BEIRUT - Syrian President Bashar al-Assad's forces bombarded opposition Sunni Muslim districts in the city of Homs for the 20th day on Thursday, activists said, despite international outrage over the reported killing of more than 80 people on Wednesday. | Video

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Greeks on the street

Greeks smashing windows and setting fire to shops and banks in a fury of opposition to yet more austerity is gripping, but not unique. There are underlying elements than make such uprisings more common in Greece than elsewhere.