Edition:
United Kingdom

Sergio Goncalves

ECB's Costa calls for TARP-style bad debt fund to relieve banks

07 Jul 2020

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.

Portugal seals final deal with TAP's private shareholders

02 Jul 2020

LISBON Portugal's government announced on Thursday it sealed a final deal with private shareholders of ailing flag carrier TAP to take a controlling stake in the airline while avoiding nationalisation.

Portugal agrees in principle to take controlling stake in TAP airline, sources say

02 Jul 2020

LISBON, July 2 Portugal's government and private shareholders in ailing flag carrier TAP are close to sealing a deal that would give the state a controlling stake while avoiding a full-scale nationalisation, two sources with knowledge of the talks said.

Portugal PM backs Spain's Calvino as candidate to head Eurogroup

29 Jun 2020

(This June 28 story corrects para 4 to clarify Luxembourg's finance minister is a member of the Democratic Party and not a Socialist)

Portugal's government wants Centeno as central bank governor

25 Jun 2020

LISBON The Portuguese government will nominate Mario Centeno, who resigned from his role as finance minister this month, as the next central bank governor, the prime minister said on Thursday.

Portugal brings back some coronavirus lockdown measures in Lisbon

25 Jun 2020

LISBON People in several parts of Greater Lisbon will have to go back to staying at home from next week as Portuguese authorities deal with a worrying wave of coronavirus on the city's outskirts, the government announced on Thursday.

Portugal's TAP confident EU will approve restructuring plan

23 Jun 2020

LISBON Portugal's flag carrier TAP is confident the European Commission will approve a restructuring plan that would allow the airline to avoid repaying a government-backed loan, its chief executive said on Tuesday.

Passenger confidence key to recovery at Vinci's airports

15 Jun 2020

LISBON How quickly more than 40 airports run by French group Vinci (SGEF.PA) can recover from the coronavirus crisis depends on whether passengers feel safe enough to travel, the head of the company's airports business Nicolas Notebaert said on Monday.

Portugal-Britain tourism 'air bridge' talks going well, says PM Costa

15 Jun 2020

LISBON Negotiations between Portugal and Britain on an "air bridge" that would allow British tourists to dodge a mandatory COVID-19 quarantine upon returning home are still in progress and going well, Prime Minister Antonio Costa said on Monday.

Portugal's Pestana hotel chain sees slow recovery from virus

04 Jun 2020

LISBON Portugal's biggest hotel chain, the Pestana Group, is ready to welcome back tourists after tightening health safety measures, but is only confident of enough demand to reopen eight of its 76 properties so far, its CEO told Reuters. 

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