Friday, 19 October: Daily newspaper Diário de Noticias reports that the European Comission was too preoccupied with Madrid to make a fuss about Portugal, despite the presence of Prime Minister Passos Coelho at the Brussels summit.
«Gaspar won’t be stepping down», writes weekly Sol, revealing that Vítor Gaspar, minister of finance of the coalition government, despite being the target of increasing criticism even from within his own PSD party, still has the full support of Prime Minister Passos Coelho and will not be leaving the cabinet even if there is a reshuffle.
«Son of director-general of Weaponry linked to deal which father will decide», reveals Público, after industrial engineer Hugo Chambel was involved in setting up a bid for helicopter maintenance which company Agusta Westland (AWIL) will present to the government in upcoming months. According to the daily, final decision on the contract depends on the director-general of Weaponry and Defence Infrastructure who is also his father, the Army Major General Manuel Chambel.
Correio da Manhã
«Public debt costs each Portuguese citizen €17m», reports Correio da Manhã, as public indebtedness grew €99m since 2006, an increase of more than 91%.
Diário de Notícias
«Summit more concerned with Madrid than with Lisbon», writes Diário de Notícias, as despite Prime Minister Passos Coelho’s presence in Brussels, the EU summit seemed more concerned with Spain than with Portugal, as the neighbouring country is still trying to avoid a full bailout. According to the paper, German Chancellor Angela Merkel convinced her EU peers to delay the proposed European Banking Union until next year.
Jornal de Notícias
«Unemployment benefits drop 10% from April», reports Jornal de Notícias, as people who have lost their jobs since April will see their benefits cut by 10%. The daily reports that the move was imposed by the so-called troika to “stimulate” search for employment.
«Studies say state can save €3bn if it pays like private sector», writes i, as the difference between what a young graduate earns in a private company and what a public employee earns as a non-qualified worker amounts to over €137. The paper reports that while a young graduate starting out on his or her career earns less than €600, a non-professional could earn €736,91.
«State-owned companies risk losing €2.5bn with interest», reports financial daily Diário Económico, as the Treasury and Public Credit Management Institution was sent to put accounts of state-owned companies in order. According to the paper and in accordance with the 2013 state budget, interest rates swaps contracted by state-owned companies presented losses of €621m in June, while new figures released reveal that potential damages could reach €2.4bn.
Jornal de Negócios
«Troika claims no room for manoeuver in spending cuts», reveals financial newspaper Jornal de Negócios, as the coalition parties PSD and CDS-PP promised to mitigate the state budget’s fiscal impact in parliament. The paper reports that the European Commission and the International Monetary Fund said they were sceptical as to whether a solution based on spending cuts could replace the government’s “huge” tax spike and still guarantee Portugal reaching the 4.5% deficit target agreed for 2013.
«Pointed spears», writes A Bola, following a 4-0 victory by Benfica against Freamunde. The Lisbon team qualified for the last 32 of the Portuguese Cup.
«What’s national is good», reports Record, as André Gomes scored Benfica’s first goal this season in a 4-0 victory against Freamunde Thursday.
«On fire and ready for Moscow», writes O Jogo, after Benfica routed Freamunde 4-0 Thursday. Benfica will play FC Spartak Moscow on 7 November.