The general election result was a clear victory for prime minister and Social Democratic party leader Pedro Passos Coelho but the coalition no longer controls parliament. Photograph: Juan Medina/Reuters

“A right-wing government in a left-wing parliament,” was the headline in Jornal de Notícias newspaper following Sunday’s Portuguese general election. (...)

Pedro Passos Coelho, Portugal’s prime minister and leader of the Social Democratic Party (PSD), celebrates after securing victory in the Portuguese election in Lisbon, Portugal. Photograph: Paulo Duarte/Bloomberg.

Portugal’s centre-right government on Sunday won an election that was a test of its tough austerity stance, but its failure to win a majority in parl(...)

Pedro Passos Coelho: ‘We’ve spent four years talking about finances and the economy and now everything is in order we can put the dignity back into politics.’ Photograph: Miguel A Lopes/EPA.

Tomorrow Pedro Passos Coelho will attempt to become the first prime minister of a bailed out euro-zone country to gain re-election. The conservative P(...)

 Andrej Babis: Greece has ‘gone bankrupt four times in the last 200 years and should do so a fifth time’. Photograph: Michal Cizek/AFP/Getty Images 1:53

As the escalating Greek crisis continues, one issue that is likely to emerge as a key sticking point in the forthcoming negotiations is the question o(...)

Spainish prime minister Mariano Rajoy: “We’re not responsible for the frustration of the Greek radical left, which promised what it could not deliver, as has been made clear.” Photograph: Andrea Comas/Reuters

They used to be fellow members of the group of highly indebted European nations known disparagingly as the “Pigs”. But a political fault line has open(...)

Pedro Passos Coelho: “The market conditions that Portugal has access to now are more favourable that those agreed on with the IMF and therefore we will save in the future by paying part of the IMF loan early.”  Photograph: Krisztian Bocsi/Bloomberg

Portugal plans to make an early payment of about €14 billion of its bailout loans from the International Monetary Fund after borrowing costs dropped, (...)

Portugal’s prime minister Pedro Passos Coelho. He said Greece must “respect its commitments” and comply with European rules like everyone else. Photograph:  Reuters/Rafael Marchante

Taoiseach Enda Kenny travels to Brussels tomorrow for meetings with the head of the European Commission and European Council amid increasing signs th(...)

The European commission has said it sees Portugal’s economy growing 1.3 per cent next year, slightly less than the government’s 1.5 per cent forecast

Portugal will cut its budget deficit to below the EU’s 3 percent of GDP threshold next year, its finance minister said on Tuesday, dismissing a higher(...)

“Those with deposits have reason to have every confidence in the security that Banco Espírito Santo offers their savings,” Portuguese prime minister  Pedro Passos Coelho said yesterday. Photograph: Reuters

Portugal’s prime minister Pedro Passos Coelho yesterday sought to calm customers of Banco Espírito Santo (BES) as the lender’s potential exposure to t(...)

Portugal’s prime minister Pedro Passos Coelho arrives at an informal summit of European Union leaders in Brussels. Photograph: Francois Lenoir /REUTERS

Portugal’s lenders cannot pay the last tranche of the country’s bailout until a rejection by the supreme court of a series of austerity measures is re(...)