TAP: investor group has bid €348 million for a 61 % share of the company

Trivago index shows hotel rates up 26% on year Suspicion that Dublin prices are surging ahead has been confirmed by the Trivago Hotel Price Index for (...)

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, (...)

Bank of Portugal governor Carlos Costa arrives to read a statement in Lisbon yesterday. Portugal’s central bank said  it had decided to rescue troubled lender Banco Espirito Santo in a €4.9 billion euro recapitalisation to be pumped into the healthy part of the bank. Photograph: Hugo Correia/ Reuters

Portugal will spend €4.9 billion to rescue its largest listed bank, testing the euro zone’s resilience to another banking crisis just months after (...)

A woman enters the Bank of Portugal in Lisbon. The latest troika review of the Portuguese programme said that the programme was on track. Photograph:Rafael Marchante/Reuters

Divisions have emerged within the Portuguese government about the country’s strategy for exiting its bailout, with finance minister Maria Luis (...)

Minister for Finance Michael Noonan with Jeroen Djisselbloem (left, president of the Eurogroup), Luis de Guindos (Spanish economy minister) and Maria Luis Albuquerque (Portuguese finance minister). Photograph: Peter Cavanagh

Minister for Finance Michael Noonan has said the Government’s intention to sell its stake in Allied Irish Banks will not preclude any potential retroa(...)

Dutch finance minister Jeroen Dijsselbloem has said Portugal should stick to the deficit reduction targets set out in its assistance programme. Photograph: David Sleator/The Irish Times.

Portugal should stick to the budget deficit reduction targets agreed with international lenders, the head of the eurozone finance ministers group Jero(...)

As we pass the half-way point in the year, how has our economy performed in the first six months of 2013 and what are its prospects for the remainder (...)

Portugal’s prime minister Pedro Passos Coelho arrives for a news conference in Berlin last night where he said he expected to quickly overcome an internal political crisis in his ruling coalition that risked triggering a snap election and derailing bailed out Lisbon’s return to market financing. Photograph: REUTERS/Tobias Schwarz.

Spanish and French borrowing costs rose today on fears that political turmoil in Portugal will reignite the euro zone debt crisis. The higher returns (...)

A man reads the front pages of various newspapers in Lisbon, where Portuguese media reported that two more government ministers were preparing to tender their resignation on Wednesday. Photograph: Hugo Correia/Reuters.

Two more Portuguese government ministers were preparing to tender their resignation today, according to local reports, deepening the turmoil that cou(...)

 Jörg Asmussen, a member of the European Central Bank executive board, speaking to ECB president Mario Draghi at the  Ecofin meeting  at Dublin Castle yesterday. Photograph: Alan Betson

The silver facade of Dublin Castle was radiant in sunlight yesterday as EU finance ministers and their retinue descended on the former seat of (...)