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Portugal Greece News. Service for global professionals. Constantly updated news and information about Portugal.
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  • Shock therapy for Greece 17 Dec 2009 06:36 GMT
    ... “we will have do without pleasantries,” declared Greek Prime Minister Georgios Papandreou. This was the ... a collision course with the working class. Greece faces the threat of sovereign default, with ... Fears Rattle Europe,” the on Wednesday wrote: “Portugal, Ireland, Italy, Greece and Spain, a group ...

  • ANALYSIS - Investors question "implied support" for Greece 9 Dec 2009 15:41 GMT
    ... handful of new 10-euro-cent coins at the Greek National Mint... "Implied guarantees" have lost their ... support troubled euro zone members such as Greece. Many investors in the Gulf once took ... by a group nicknamed Europe's PIGS -- Portugal, Ireland, Italy, Greece and Spain. Then-German finance ...

  • Investors question "implied support" for Greece 9 Dec 2009 13:50 GMT
    ... from the debacle. Now the creditworthiness of Greece -- seen as the weakest link in ... hitting the euro as well as local Greek markets. Investors sold Greek bonds and bought ... by a group nicknamed Europe's PIGS -- Portugal, Ireland, Italy, Greece and Spain. Then-German finance ...

  • Periphery euro zone debt under pressure on Greek woes 18 Dec 2009 11:00 GMT
    ... LONDON, Dec 18 (Reuters) - The premium investors demand ... investors demand to hold 10-year Spanish and Portuguese government bonds rather than euro zone benchmark ... week on Friday on ongoing concern over Greece. Greek debt remained under selling pressure after ...

  • Do Greece Problems Portend Pain For Neighbors? (EWI) 9 Dec 2009 00:51 GMT
    ... With ratings agencies taking the knife to Greek government debt, some economists are saying that ... for select European nations, namely the PIIGS. (Portugal, Ireland, Italy, Greece and Spain). Fitch Ratings cut Greece’s debt ...

  • European Monetary System Crisis, Debt Show Down in Athens 10 Dec 2009 20:32 GMT
    ... a faint-hearted schoolboy. Papaconstantinou is concerned that Greece's dire economic situation will lead to default ... cab on the ranks looks like being Portugal." (Bill Mitchell's Billy Blog) Greece's problems are ... for the region, which is why the Lisbon Treaty was recently ratified despite its widespread ...

  • S&P warns Greece, Portugal over fiscal woes 9 Dec 2009 05:51 GMT
    ... Greece on negative credit watch and cut Portugal's outlook on Monday, saying deteriorating public finances ... their debt burdens. Spreads on Greek and Portuguese bonds widened versus benchmark German bunds, reflecting ... chief economist at Santander. (Additional reporting by Lisbon, London bureaux, Writing by Dina Kyriakidou, Editing ...

  • WRAPUP 3-Greek markets hammered as strikers march 17 Dec 2009 18:46 GMT
    ... ATHENS/FRANKFURT, Dec 17 (Reuters) - Greece pledged on Thursday to sell off state ... lowering the counterparty credit ratings of several Greek banks on Thursday. 'The challenges Greece faces ... than fellow euro zone laggards Ireland, Spain, Portugal and Italy. Economists say the government needs ...

  • Implementing the Landfill Directive in Greece: problems, perspectives and lessons to be learned 12 Dec 2009 14:54 GMT
    ... Implementing the Landfill Directive in Greece: problems, perspectives and lessons to be learned ... in high biowaste recovery, such as Greece, Portugal and NMS (COM 2005b; EC 2005 2007; ... extent, European legislation is well incorporated into Greek national law and the legislative framework for ...

  • Threat of Greek default giving EU a real headache 18 Dec 2009 01:54 GMT
    ... intervene, writes THE ESCALATING economic crisis in Greece raises profound questions for the European authorities. ... of striking communist workers marched on the Greek parliament yesterday, Standard Poor's ratings agency responded ... states, Ireland among them, as well as Portugal, Italy and Spain. Notwithstanding the nascent recovery ...

  • Greece verges on default 12 Dec 2009 06:26 GMT
    ... said, “It’s five minutes to midnight for Greece. Default is not unavoidable, but unless there ... 15 sovereign default since Germany in 1948.” Greek Finance Minister George Papaconstantinou sought to reassure ... boom in 2006, apart from Spain and Portugal, Greece had the lowest minimum wage in ...

  • WRAPUP 2-Greek markets hammered as strikers march 17 Dec 2009 17:37 GMT
    ... ATHENS/FRANKFURT, Dec 17 (Reuters) - Greece pledged on Thursday to sell off state ... the coming weeks. The cost to insure Greek sovereign debt with credit default swaps for ... than fellow euro zone laggards Ireland, Spain, Portugal and Italy. Economists say the government needs ...

  • Greek Markets Hammered as Strikers March 17 Dec 2009 18:55 GMT
    ... on December 17, 2009. (Louisa Gouliamaki/AFP/Getty Images) ATHENS/FRANKFURT—Greece pledged on Thursday to sell off state ... the coming weeks. The cost to insure Greek sovereign debt with credit default swaps for ... than fellow euro zone laggards Ireland, Spain, Portugal and Italy. Economists say the government needs ...

  • Portuguese keener on euro than on governments 16 Dec 2009 08:50 GMT
    ... of 2008 there was a joke in Portugal that the world was finally catching up, ... in the early 2000s. Little did the Portuguese know that such vindictiveness would come back ... it now seems the worst has passed. Lisbon restaurants are busy again and there are ...

  • Greek premier says country risks sinking in debt - December 16 17 Dec 2009 17:51 GMT
    ... Greek premier says country risks sinking in debt ... sinking in debt - December 16 ATHENS, Greece (AP) - Greece's prime minister says the ... eurozone facing debt problems. Ireland, Spain and Portugal all are suffering from extra scrutiny in ...


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