At this morning’s auction of six- and 18-month Treasury bills, interest increased to 1.041% and 1.603%, respectively. This operation took place on the same day that the Ministry of Finance announced that a troika delegation will arrive in Lisbon on Monday.
Wednesday, 18 June: “Diário Económico” reports that Europe is expected to release Portugal’s eighth bailout tranche on Friday, but EU and eurozone finance ministers meeting in Luxembourg are expected to postpone a decision on the extension of the loan maturities of Portugal and Ireland.
The Portuguese market ended lower in the session, in line with Europe and the US, while investors wait for the Federal Reserve's decision this [...]
The coalition is not in good health, but the government runs little risk of collapsing as long as Portugal is under the troika's control. On the [...]