Portugal Passes Latest Bailout Test

Country has stuck with its agreed program of austerity measures, featuring pay cuts and tax hikes, and broad economic reforms

BING NEWS:
  • Portugal passes bailout review, expects to meet 2013 target
    Portugal's international lenders have approved the country's progress in the latest review of its bailout, pushing the euro zone member closer to a smooth exit from the lending programme in mid-2014. Portugal emerged from its deepest downturn since the ...
    12/16/2013 - 11:39 pm | View Link
  • Portugal passes latest austerity budget
    could derail Portugal's goal of exiting the bailout in 2014. Government workers in particular will be hit by the action which will give Portugal a third year of austerity. Cuts Public employees earning more than 675 euros (£565, $915) a month will see ...
    11/25/2013 - 11:00 am | View Link
  • Portugal passes latest eurozone bailout test
    Representatives from the International Monetary Fund, the European Commission and the European Central Bank have approved Portugal's economic progress. A programme of cuts and reforms was promised by Portugal's leaders in return for its May 2011 bailout.
    10/3/2013 - 9:23 am | View Link
  • Portugal passes bailout test, gets more funding
    LISBON, Portugal (AP) -- Portugal has passed the latest test of its compliance with the terms of its bailout and qualified for around 5.5 billion euros ($7.5 billion) in further funding from creditors, officials said Thursday. However, the creditors who ...
    10/3/2013 - 7:20 am | View Link
  • Portugal Passes Latest Round of EU-IMF Bailout Tests
    Portugal is on track to receive a fourth round of foreign bailout money, after a review showed that Lisbon has managed to abide by the tough austerity terms agreed under its 78 billion euros ($98 billion) EU – IMF led bailout package. In a statement ...
    06/4/2012 - 1:00 pm | View Link
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