Europe Mending as Markets Signal Even Portuguese Get Work

It took 11 months and the sale of his 2008 Ford Focus to pay the bills before Nuno Silva found a job as a supervisor at a food warehouse in southern Portugal.

Crisis-hit Portugal sees record tourism numbers in 2013

Bailed-out Portugal welcomed a record number of tourists in 2013, official data showed on Thursday, providing a much-needed boost to the crisis-hit economy.

Portugal raises $1.34 billion amid recovery hopes

LISBON, Portugal (AP) — Portugal raised 1 billion euros ($1.34 billion) in an auction of short-term debt Wednesday amid signs the country's deep recession has bottomed out, though investors remain wary of the political and economic risks of planned new austerity measures.

Euro Zone Returns to Growth

The euro-zone economy emerged more strongly than expected from its longest postwar contraction in the three months to June, but a resolution to its banking and fiscal crises remains a distant prospect.

The Euro Zone Crisis Is Back - on Multiple Fronts

Europe's finance ministers meeting in Dublin on Friday are facing a renewed crisis on multiple fronts,with a backlash against austerity acting as a gloomy backdrop for negotiations over bailout extensions for Portugal and Ireland, while tackling Cyprus's botched bailout and growing worries about Slovenia.

Portuguese flee economic crisis

More than 2% of Portugal's population have emigrated in the past two years, since the country entered the worst recession in decades, officials say.

Euro zone crisis: Spain's leader could learn some lessons from Portugal

MADRID/LISBON: Spanish Prime Minister Mariano Rajoy could learn some lessons about communication from neighbouring Portugal as he struggles to restore confidence in Madrid's public finances and avoid an international bailout.

Spain, Portugal want more European investment help

LISBON, Portugal (AP) — The leaders of Spain and Portugal said Wednesday they want the European Investment Bank to play a bigger role in generating economic growth on the continent by financing more business projects.

Euro-Area Ministers to Decide This Week on Future of Firewall

Euro-area finance ministers will meet in Copenhagen on March 30 to weigh whether to expand the 17-nation region’s financial crisis firewall. At stake is the future of the region’s two rescue funds, the temporary European Financial Stability Facility and its permanent successor, the European Stability Mechanism.

Five ways to solve the eurozone crisis

Myths and misinformation feed in to a general lack of ideas about how to save the eurozone

The crisis of the eurozone seems to be going from bad to worse. Not only have the key players not yet found convincing solutions for the fiscal problems in Greece, Ireland and Portugal but we are already witnessing the beginning of a political backlash that could undermine the achievements of decades of European integration. There is generally a lack of ideas about what needs to be done to turn things around so here are my suggestions:

Euro crisis bleak future for ASEAN single currency

Economists and policymakers in euro-adopter countries are experiencing stormy weather outside their office windows.

Early this month the Portuguese government declared its inability to pay its debts and requested financial assistance from the EU. After the economies of Greece and Ireland collapsed last year, Portugal is the third euro-adopter country that has failed to pay its debts and ask for a bailout.

Portugal euro crisis? What crisis?

With Portugal on the verge of a massive bailout, will we be paying more for our holidays there? The answer in the short term is ‘No’. While Portuguese austerity tax measures will squeeze ex-pats who are living in the country, tourists will notice very little change, as, in spite of the 80 billion euro bailout, the currency has remained strong against the pound. At present, the caretaker government of Jose Socrates has no measures planned (such as rises in taxes on food or hotels) that will directly affect visitors to the country.

The euro crisis, Italy and its playful premier

In Las Vegas they call the really big gamblers – the ones whose fortunes can make or break a casino – the “whales”. For the European Union, Italy is the whale – the country whose economy and debts are so large that the fate of the single currency and the EU itself hang on its future.

ECB, EU Visit Portugal Under Measures Agreed on Debt Crisis

European Central Bank and European Commission officials are visiting Portugal as part of measures agreed earlier this month to fight the debt crisis.

The visit is in accordance with a Feb. 4 statement by the heads of state and government of the euro area and European Union institutions, said an official at Portugal’s Finance Ministry in Lisbon, declining to provide further information.

European leaders said in the statement they had agreed steps including “assessment by the commission, in liaison with the ECB, of progress made in euro area member states in the implementation of measures taken to strengthen fiscal positions and growth prospects.”