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(...)

Portugal’s Finance Minister Maria Luis Albuquerque listens to Pedro Machado, member of the board of directors of the European Investment Bank (EIB), during a recent European Union finance ministers meeting in Brussels. Photograph: Reuters

On Sunday evening Portugal’s Prime Minister Pedro Passos Coelho made a televised address, informing the Portuguese the country would exit its bailout (...)

As Portugal’s prime minister Pedro Passos Coelho addressed the nation on Sunday night, the government faced accusations of political manoeuvring. Photograph: Tobias Schwarz/Reuters

Six months after Ireland became the first country to exit an EU-IMF bailout programme, Portugal followed suit this week, announcing its intention to r(...)

Euro group president and Dutch finance minister Jeroen Dijsselbloem talks to the media before the euro zone finance ministers meeting in Brussels. Photograph: Julien Warnand/EPA

Portuguese bond yields fell sharply as markets digested Portugal’s decision to make a “clean exit” from the bailout, and euro zone finance ministers (...)

Prime minister Pedro Passos Coelho makes his statement on the bailout exit accompanied by his ministers at St Bento Palace in Lisbon yesterday. Photograph: Reuters/Rafael Marchante

Portugal is to follow Ireland’s lead an exit its EU-IMF bailout without the help of a precautionary credit line, prime minister Pedro Passos Coelho an(...)

Released Ukrainian opposition leader Yulia Tymoshenko speaks with her supporter in downtown Kiev last week. Photograph: Sergey Dolzhenko/EPA

Freed Ukraine opposition leader Julia Tymoshenko, newly-elected Ukrainian prime minister Arseniy Yatsenyuk and Ukrainian opposition figure Vita(...)

Portuguese prime minister Pedro Passos Coelho: ‘At times when it is difficult to govern there is always a price to pay.’ Photograph: Reuters/Hugo Correia

The party of prime minister Pedro Passos Coelho suffered its worst defeat in Portuguese municipal elections in more than two decades on Sunday, as vot(...)

Members of the public wear red clown noses ahead of a  vote on a motion of confidence on prime minister Pedro Passos Coelho’s government. Photograph: Rafael Marchante/Reuters.

Portugal’s prime minister ruled out any backtracking on its bailout terms tonight as his revamped government easily won a confidence vote intended to (...)