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Portugal Debt Topics

Merkel lauds crisis-hit Portugal

German Chancellor Angela Merkel praises Portugal's resolve in tackling its debt crisis, but faces angry anti-austerity protesters in Lisbon.

 

Portugal plans big spending cuts

The Portuguese government is planning the country's biggest spending cuts in 50 years, a move it described as "unprecedented".

 

Euro zone to back Portugal aid, IMF deputy attends

Euro zone finance ministers are ready to back an EU/IMF bailout of Portugal at a Monday meeting overshadowed by the arrest of International Monetary Fund chief Dominique Strauss-Kahn on sexual assault charges.

 

Portugal faces rating cut, Spanish debt costs rise

Portugal was put on notice on Tuesday that its credit rating could be cut and fellow euro zone debtor Spain had to pay more to issue new debt, suggesting the currency bloc's crisis will rage unabated in 2011.

 

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