Wednesday, 31 July: In a bid to make Portugal competitive and attractive to foreign companies, the PSD-CDS coalition is aiming to cut taxes drastically making the country a tax paradise like Holland and Luxemburg.
Tuesday, 30 July: Fifteen thousand low-qualified State workers have two months in September and November to accept an amicable split with the Portuguese civil service and get benefits or be fired.
Monday, 29 July: As the effects of the Government’s austerity policies continue to bite, each Portuguese citizen will be €792 worse off this year because of soaring taxes and falling incomes.
Friday, 27 July: It has emerged that an e-mail detailing the 145 debt-ridden public companies that badly managed their SWAP contracts got hugely in debt and the minister at the Treasury at the time, Maria Luís Albuquerque, who is now the Minister of Finance, claimed she knew little about the problem.
Thursday, 25 July: Portuguese banks involved in a major restructuring programme encouraged by the European Commission will have to shed jobs and close branches. BPI plans to shut 21 agencies by the end of 2014 and get rid of 363 staff.
Wednesday 24 July: After three weeks of political crisis, the leader of the CDS-PP, Paulo Portas finally gets what he wanted all along: increased power within the coalition PSD/CDS-PP Government as Deputy Prime Minister with extraordinary powers over economic policy.
Monday, 22 July: The President of the Republic has backtracked and accepted the PSD-CDS-PP coalition Government with conditions after a week of tri-party horse trading between the parties that signed the Memorandum of Understanding with the ‘troika’ in 2011 failed to reach a political consensus for a ‘National Salvation’ accord.
Friday, 19 July: Despite not wanting to get involved in negotiations to find a tri-party agreement for National Salvation between the PS, PDS and CDS-PP parties, the President may have to take a more active role on his return to Lisbon today from the Ilhas Selvagens to break the deadlock.
Thursday, 18 July: Former Portuguese President and PS Party stalwart Mário Soares has warned that attempting to accommodate the coalition Government’s policy in shaving €4.7bn in cuts off Government expenditure will split the PS party
Wednesday, 17 July: Tough ‘troika’-imposed State reforms are likely to cause the Portuguese economy to all but grind to a halt next year warns the Bank of Portugal in its summer bulletin.