Portugal, Ireland Win Bailout Concessions

EU finance ministers agreed to allow Portugal and Ireland to repay their bailout loans later than initially agreed, in a bid to help the two governments wean themselves off bailout money in the coming year.

Sections:  world   
  • Northern Ireland hopes to tear down 'peace lines'
    Northern Ireland's leaders say they want to tear down the so-called "peace lines" of Belfast - dozens of walls that divide Irish Catholic and British Protestant neighborhoods - by 2023. More
  • Spain education sector hit by strike against cuts
    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
  • In Germany, a U.S. beer invasion
    Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More
  • Cyprus parliament approves bailout
    Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
  • Baby food shortage in Europe due to China demand
    Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right brand for her 13-month-old son. More
  • Predictions for 2019: Fortune's Crystal Ball for the Year Ahead
    such as the border with Northern Ireland and the right to work for EU nationals living in the U.K. Despite a revolt from the right-most fringes of her party, Theresa May will win a parliamentary ...
    12/3/2018 - 12:55 pm | View Link
  • Latvia, Luxembourg, Portugal, Slovakia bid for Eurogroup chair
    The president of the Eurogroup chairs monthly meetings of finance ministers and heads the euro zone bailout fund which has saved Greece, Ireland, Portugal ... which could win her the support of center ...
    11/30/2017 - 12:07 am | View Link
  • Exit plan unresolved as Portugal's last bailout review kicks off
    Opinion polls put the party on track to win next year's general election ... whether it will follow Ireland by making a clean exit from its 78 billion euro bailout or request a precautionary loan from ...
    04/22/2014 - 12:47 am | View Link
  • Portugal to ponder bailout exit strategy in January
    Portugal is in line to follow Ireland ... bailout behind last week, but many analysts doubt the Southern European country can manage a “clean” exit. With two quarterly reviews of the 2011 rescue packa...
    12/17/2013 - 11:00 am | View Link
  • Portugal passes bailout review, expects to meet 2013 target
    Portugal emerged from its deepest downturn since the 1970s in the second quarter and has begun to win ... Ireland, which last week became the first bailed-out euro zone member to complete its lending ...
    12/16/2013 - 7:10 am | View Link
  • More
  • BailOut Window Cleaning
    BailOut Window Cleaning was birthed in 2008 to fill a need to offer excellent window cleaning and screen repair at an affordable price. Delivering fantastic work that we stand behind 100% is always our goal.
    12/4/2018 - 7:08 am | View Website
  • European debt crisis
    This has prompted some economists such as Joseph Stiglitz and Paul Krugman to note that Europe is not suffering from a sovereign debt crisis but rather from a banking crisis. [402] On 6 June 2012, the European Commission adopted a legislative proposal for a harmonised bank recovery and resolution mechanism.
    12/3/2018 - 5:31 pm | View Website
  • Debate: Greece bailout
    On 23 April 2010, the Greek government requested that the EU/IMF bailout package (made of relatively high-interest loans) be activated. And, on May 2nd, the European Union and IMF agreed to a $145 billion bailout for Greece, and a $975 billion 'solidarity package' designed to protect other Euro zone countries.
    12/3/2018 - 10:22 am | View Website
  • 2010–14 Portuguese financial crisis
    Portugal leaved bailout in May 2014, the same year that positive economic growth re-appeared following three years of recession. The government achieved a 2.1% budget deficit in 2016 (the lowest since the restoration of democracy in 1974) [7] and in 2017 the economy grew 2.7% (the highest growth rate since 2000).
    12/2/2018 - 7:03 am | View Website
  • Portugal Bailout Plan Detailed
    Investors cheered an agreement on a $115.5 billion bailout for Portugal that will fund the troubled country's deficits and provide capital for its banks, while obliging it to slash government ...
    11/26/2018 - 8:46 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More World News