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Tag Archives: 'Jornal de Negócios'


Press Review – Banks given €546m by state to cancel “swaps”

Monday, 17 June: “Diário Económico” reports that in just three months, six state-owned enterprises handed over €545.6m to banks to cancel 38 high risk operations. According to the paper, all contracts, except for one made by rail infrastructure manager REFER, held potential losses until the end of their maturity.

Press Review – IMF has doubts on Portugal’s state reform

Friday, 14 June: “Diário Económico” reports that the IMF report on the seventh quarterly review of Portugal’s bailout has raised doubts as to the execution of the government’s proposed reform of the state, as it only has until 15 july to come up with the necessary legislative changes to meet its agreement with the troika.

Press Review – Amending budget has €1bn more to pay for swaps

Wednesday, 12 June: “Diário Económico” reports that the amending budget has increased funding for the Lisbon Metro, Porto Metro and Refer train company, by around €1bn. However, the financial authorities admit that most of this money will go towards paying back speculative swap contracts which recently came to light.

Press Review – Dilma guarantees that Brazil will give Portugal a hand

Tuesday, 11 June: According to daily “Diário de Notícias”, Brazilian President Dilma Rousseff said that her country was very willing to expand its investment in Portugal, claiming that the economic relationship between the two countries should be taken to another level.

Press Review – Portugal Day: Are there still reasons to commemorate?

Monday, 6 June: Daily newspaper “i” reports that “the crisis also hits Elvas” the city where the official celebrations of Portugal Day take place this year. The paper also questions whether there are reasons for Portugal to celebrate amid the financial and economic crisis.

Press Review – Socialist leader says paying debt is a matter of honour

Friday, 7 June: In an interview with daily newspaper “Público”, Socialist Party leader António José Seguro said he would refuse to negotiate a debt relief for Portugal and that paying back the creditors is a matter of honour.

Press Review – Discussing euro exit not a taboo any more for coalition

Thursday, 6 June: According to daily “i”, senior figures in the two coalition parties, PSD and CDS-PP, are now openly discussing the possibility of Portugal leaving the euro, blaming the European currency for being in part responsible for the problems the country is facing.

Press Review – Half of Portuguese want government in power until 2015, but without Gaspar

Wednesday, 5 June: Daily newspaper “i” found that almost half of the Portuguese want the current coalition government in power until 2015 to comply with the mandate, but without Minister of Finance Vítor Gaspar.

Press Review – Managers responsible for swaps scandal refuse to resign

Tuesday, 4 June: Newspaper “i” reports that the government was going to force the managers of six state owned companies which dealt with speculative swap contracts to step down.

Press Review – Socialist leader meets with parties amid struggle for consensus

Monday, 3 June: “Público” reports that Socialist leader António José Seguro will today sit down with the Communist Party Secretary General Jerónimo de Sousa and Portuguese Minister for Foreign Affairs Paulo Portas.