Topic: Portugal
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Portugal sells $1.34 billion worth of bonds
AP News
Portuguese debt agency says euro990 million ($1.34 billion) bond issue is oversubscribedFinancially troubled Portugal raised euro990 million ($1.34 billion) Wednesday in a key bond auction that had more bids than bonds available, suggesting the government's austerity plan is easing market concerns about the country's ability to ...
Portugal's Socrates defends austerity plan
AFP Global Edition
Big business and the rich will bear the brunt of Portugal's new austerity programme, the country's socialist prime minster said as his government announced spending cuts and select tax rises. Portugal's new economic package, which also includes a delay in investment and the sale of state assets ...
Portugal, like Greece, forced into austerity plan
AFP Global Edition
The Portuguese government said Monday it would cut spending, delay investment and sell state assets to fix Portugal's finances just a week after fellow eurozone member Greece took similar unpopular steps. The aim is to get the public deficit -- the shortfall in the annual accounts -- back to 2.8 ...
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