LISBON Europe needs a scheme similar to the U.S. Troubled Asset Relief Programme (TARP), adopted during the 2008 subprime crisis, to help its banks cope with the fallout from the COVID-19 pandemic, European Central Bank policymaker Carlos Costa said on Tuesday.
LISBON, March 23 Euro zone governments should
ponder the issuance of common "coronabonds" specifically in
response to the coronavirus pandemic to prevent a potential new
sovereign debt crisis, European Central Bank policymaker Carlos
Costa said on Monday.
LISBON Portuguese authorities began the coronavirus testing and repatriation process for 1,338 passengers aboard a cruise ship en route from Brazil that docked in Lisbon on Sunday after its other European stopovers were canceled.
LISBON The coronavirus epidemic in China has had a marginal impact on energy markets and is unlikely to dramatically affect oil prices even if Chinese demand falls by 500,000 barrels per day, U.S. Energy Secretary Dan Brouillette told Reuters on Thursday.
LISBON The United States would like to see Portugal's main utility EDP-Energias de Portugal expanding in the U.S. market, but Chinese investment in the company could pose risks that need to be evaluated, U.S. energy secretary Dan Brouillette said on Thursday.
LISBON Portugal's parliament passed the minority Socialist government's 2020 budget bill on Thursday after rejecting a tax cut proposed by the opposition that threatened the plan's aim to post the first fiscal surplus in 45 years of Portuguese democracy.
LISBON Portugal's largest utility EDP said on Thursday it has agreed a multi-billion euro deal to sell six hydro power plants in the Douro river basin, to a consortium led by France's Engie .
MADRID Spain's far-right Vox party more than doubled its number of lawmakers in the country's fourth national election in four years, which delivered a deeply fragmented parliament, setting the stage for very difficult government negotiations. | Video
LISBON Portugal's Prime Minister Antonio Costa promised on Saturday to raise the monthly minimum wage by 25% to 750 euros ($830) by 2023 as he started his second term in the office, while reiterating the goal to cut public debt to below 100% of GDP.
LISBON Portugal's president will consult the main political parties on Tuesday so as to have a prime minister-designate in place without delay to tackle issues such as Brexit following the Socialists' victory in Sunday's election, his office said.