Showing posts with label crisis in Portugal. Show all posts
Showing posts with label crisis in Portugal. Show all posts

May 23, 2011

Deep in crisis, Portugal tries to transform

Melides, Portugal — A former physical education teacher, Manuel Araujo puts his energy to use now as mayor of this sleepy village in the Portuguese south, springing into action to aid a resident panicked by a snake in her house in the thick of night and marshalling town workers to help another local fend off a home invasion by stinging bees.

May 04, 2011

Euro zone takes third debt crisis patient into care

Portugal and Greece talked up the benefits of Lisbon's decision to accept a multi-billion euro bailout from the European Union and IMF on Wednesday, but the outlook for both countries and Ireland remains highly uncertain.

April 10, 2011

Travel costs battered by volatility in currencies

ANYONE heading abroad this Easter to visit family on the other side of the world or escape to the sun will have been watching international turmoil with concern at the impact on the cost of their holiday.

The crisis in Portugal, coming after Ireland and Greece, might have been expected to put downward pressure on the euro, bringing relief to UK travellers.