Portugal’s president Anibal Cavaco Silva, who has  accepted the line-up of a new minority government formed by premier Pedro Passos Coelho. Photograph: Manuel de Almeida/ EPA

Portugal’s president Anibal Cavaco Silva has accepted the line-up of a new minority government formed by premier Pedro Passos Coelho, setting the coun(...)

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(...)

European Central Bank president Mario Draghi (left) and Finnish outgoing prime minister Jyrki Katainen at  a press conference at the euro-group finance ministers’ meeting in Milan yesterday.  Photograph: EPA/Matteo Bazzi

Irish taxpayers are likely to benefit in next month’s budget from predicted savings under the deal to repay International Monetary Fund (IMF) borrowi(...)

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(...)

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(...)

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 greets his Finnish counterpart Jutta Urpilainen during a European Union finance ministers meeting in Brussels today. Photograph: Francois Lenoir/Reuters

Deadlock over a proposed euro-area bank-failure agency could be broken by allowing an accompanying fund to borrow on financial markets with sta(...)

A street vendor selling Portuguese national flags on Rossio Plaza in Lisbon. There were fears the political turmoil could jeopardise the country’s bailout programme. Photographer: Mario Proenca/Bloomberg

Portuguese prime minister Pedro Passos Coelho has been desperately trying to keep his centre-right government afloat this week, in the knowledge that (...)

Greece is required to move 12,500 civil servants into a “mobility scheme”, which would require workers to be either transferred or dismissed within a year, but the government has consistently said it needs more time.    Photograph: Yorgos Karahalis/Reuters

Negotiations between Greek authorities and the troika of EU/ECB/IMF lenders intensified yesterday in Athens on cuts to the public sector workforce, as(...)

Lisbon resignations

Fears that Portugal will not be able to leave its €78 billion bailout next year without another tranche of international help, and that it may be forc(...)

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