Tag Archives: 'O Jogo'
Tuesday, 17 June: “Diário Económico” reports that the Portuguese and Finnish prime ministers have sent the European Commission and the European Central Bank a joint letter, to attempt to solve the problem of bank financing in Europe, mainly affecting small and medium-sized enterprises (SMEs).
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.
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.
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.
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.
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.
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.
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.
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.
Friday, 31 May: “Jornal de Negócios” reports that the austerity measures announced for 2013 are worth five times more than what is required to reach the deficit targets for this year.