13/11/2012 | World

Anti-austerity strikes sweep southern Europe

17/11/2012 | World

Latin America pledges support for Iberia, warns on austerity

Latin America pledged investment opportunities for recession-hit Spanish and Portuguese companies but warned its former colonial masters drastic cost cutting would only deepen their misery.

11/05/2012 | World

IMF chief: 'Bailout programmes must be implemented'

Greece, Portugal and Ireland must meet their obligations under bailout agreements reached with international lenders, the head of the International Monetary Fund said today.

24/07/2012 | World

Portugal PM puts austerity before election victory

Portuguese Prime Minister Pedro Passos Coelho pushed his tough pro-austerity line a step further, telling his party he would rather lose at the ballot box than abandon his policy of strict adherence to the terms of an EU/IMF bailout.

12/11/2012 | World

Merkel, in anxious Lisbon, hails austerity drive

Angela Merkel faced scattered protests in Lisbon, where she delivered German endorsement of a government austerity drive designed to honour a bailout loan but which critics fear may only deepen the slump.

24/11/2011 | World

Fitch cuts Portugal rating to junk status

Rating agency Fitch downgraded Portugal's rating to junk status, citing large fiscal imbalances, high debts and the risks to its EU-mandated austerity program from a worsening economic outlook.

13/02/2012 | World

Moody's warns it may strip France, UK and Austria's Aaa rating

Rating agency Moody's warned it may cut the triple-A ratings of France, the United Kingdom and Austria, while it downgraded the ratings of Italy, Portugal, Spain, Slovakia, Slovenia and Malta.

22/03/2012 | World

Portuguese strike in protest at austerity measures

Portuguese strikers halted trains, shut ports and paralysed most public transport today in protest at austerity measures and labour reforms imposed as a condition of a 78-billion-euro ($103 billion) EU-IMF bailout.

01/10/2011 | World

Thousands march in Portugal against austerity

Tens of thousands marched in Lisbon and Porto to protest against austerity measures imposed under the terms of an EU/IMF bailout, the first major rallies since a centre-right government took power in Portugal in June.

17/10/2011 | World

Portugal unions propose general strike ahead of key budget draft

Portugal's two largest labor unions proposed today holding a general strike to protest against the government's austerity plans, just as the centre-right administration was to present its draft budget to parliament.

19/10/2011 | World

Portugal unions to hold general strike on Nov 24

Portugal's biggest unions said today they will stage a general strike next month against austerity measures by the government as it tries to meet budget goals imposed as part of a 78-billion-euro ($107 bln) bailout.

01/07/2011 | World

Portugal's parliament approves austerity programme

The new Portuguese government's austerity programme passed through parliament today after the opposition offered no objections that required a vote. The centre-right coalition government that took over last week has a comfortable majority.

05/07/2011 | World

Moody's cuts Portugal to junk, warns on 2nd bailout

Moody's cut Portugal's credit standing to junk in the first such move by a ratings agency and warned the country may well need a second round of rescue funds before it can return to capital markets.

12/07/2011 | World

Moody's cuts Ireland to junk, warns of 2nd bailout

Moody's Investors Service cut Ireland's credit rating to junk status, saying the country will likely need further official financing before it can return to international capital markets.

15/06/2011 | World

Portugal president appoints new Prime Minister

Portugal's president appointed Social Democrat (PSD) leader Pedro Passos Coelho prime minister today, with a new government expected to take office next week and start implementing a bailout programme.

21/06/2011 | World

New Portugal PM says public finances 'urgent imperative'

Portugal's Prime Minister Pedro Passos Coelho said today that his new government considers that bringing the country's public finances under control is an "urgent imperative".

28/06/2011 | World

Portugal gov’t submits programme for bailout

Portugal's new centre-right government submitted today to parliament a four-year programme, promising to strictly fulfill the country's obligations under a 78-billion euro international bailout.

16/05/2011 | World

Euro zone backs Portugal bailout with Finnish conditions

Euro zone finance ministers approved a three-year, 78-billion euro emergency loan programme for Portugal and said Lisbon would ask private bondholders to maintain their exposure to its debt.

20/05/2011 | World

IMF approves 26 billion euro funding for Portugal bailout

The International Monetary Fund approved a 26 billion euro loan for Portugal and said it would immediately disburse 6.1 billion euros of the money to the euro zone member country to ease investor concerns over its debts.

05/06/2011 | World

Portuguese center-right kick out Socialists in vote

Portugal's center-right Social Democrats (PSD) won Sunday's general election, booting out Prime Minister Jose Socrates' Socialists after they sought a 78-billion-euro bailout that will bring deep austerity, exit polls showed.

08/04/2011 | World

IMF says will move swiftly on Portugal aid request

The International Monetary Fund (IMF) said it had received a request from Portugal for financial assistance and the institution will move quickly to negotiate a loan program with the authorities.

12/04/2011 | World

Portugal starts bailout talks; deal seen

Portugal launched talks with European authorities and the IMF on a bailout the caretaker government says is needed to cover the country's financing from June, as politicians jostled ahead of a general election.

03/05/2011 | World

Portugal agrees EU/IMF bailout, Greece deal teeters

Portugal agreed a three-year 78-billion-euro ($116 billion) bailout with the European Union and IMF, making it the third euro zone country in a year, after Ireland and Greece, to need financial help.

06/04/2011 | World

Portugal caves in, requests EU financial aid

Portugal's caretaker government said it had decided to seek financing from the European Union in an abrupt turnaround after resisting a bailout for months despite sharply deteriorating financial conditions.

07/04/2011 | World

Euro zone ministers to discuss Portugal's call for aid

Euro zone finance ministers will discuss Portugal's bailout plea, including how much it needs and what reforms it could do in return, but no firm decisions are likely yet, euro zone sources said.

08/04/2011 | World

Portugal must agree 'harder' reforms to get aid, euro zone ministers say

Euro zone finance ministers told Portugal that it would have to implement new economic reforms that went beyond those proposed by its outgoing government if it hoped to secure aid from the EU and IMF.

29/03/2011 | World

Standard & Poor's downgrades Portugal, Greece credit ratings

Standard & Poor's cut its foreign currency credit rating on Portugal by one notch to BBB-minus and Greece's rating by two notches to "BB-" from "BB+.

29/03/2011 | World

Standard & Poor's downgrades Portugal, Greece credit ratings

Standard & Poor's cut its foreign currency credit rating on Portugal by one notch to BBB-minus and Greece's rating by two notches to "BB-" from "BB+.

31/03/2011 | World

Portugal to hold snap general election June 5

Portugal's president dissolved parliament and set a snap general election for June 5, warning the next government faced an "unprecedented economic crisis."

23/03/2011 | World

Austerity measures continue to rattle Portugal

Portugal's parliament is expected to reject government austerity measures today, setting the stage for the possible collapse of the minority Socialist administration a day before a European summit.

23/03/2011 | World

Portugal PM Socrates resigns after austerity rejected

Portuguese Prime Minister Jose Socrates said he has submitted his resignation to the president after parliament earlier rejected his minority Socialist government's latest austerity measures in a vote.

25/03/2011 | World

Portuguese parties want early election in May

Portugal's political leaders urged the president to call a snap election in late May or early June after the Socialist prime minister's resignation, rejecting the option of a coalition cabinet.

21/12/2010 | World

Portugal faces rating cut, Spanish debt costs rise

Portugal was put on notice that its credit rating could be cut and fellow euro zone debtor Spain had to pay more to issue new debt, suggesting the currency bloc's crisis will rage unabated in 2011.

08/01/2011 | World

Germany and France want Portugal to accept aid

Germany and France want Portugal to accept an international bailout as soon as possible in order to prevent its debt crisis spreading to other countries, German magazine Der Spiegel reported.

09/03/2011 | World

Portugal gov't looks for deal as bond yield jumps

Portugal's two-year cost of borrowing hit the highest level since it joined the euro in a bond auction, and the government said yields were unsustainable in the long run without Europe-wide action.

03/09/2012 | Sports

'Unhappy' Ronaldo drops the bomb, awaits club's reply

Real Madrid striker Cristiano Ronaldo made the shock claim that he was unhappy with the club after he refused to celebrate his 149th and 150th goals in the win over Granada.

05/02/2013 | Sports

Ronaldo keen to play Ecuador friendly despite 'overload'

Portugal captain Cristiano Ronaldo is confident he will take part in Wednesday's friendly against Ecuador despite feeling a certain "overload".

13/06/2012 | Sports

Varela seals last-gasp win for Portugal

Portugal substitute Silvestre Varela scored a dramatic 87th-minute winner to give his side a 3-2 win over Denmark in a pulsating Euro 2012 Group B match.

21/06/2012 | Sports

Ronaldo fires Portugal past Czechs into last four

Cristiano Ronaldo powered home a superb header to give Portugal a 1-0 win against the Czech Republic on Thursday and set up a Euro 2012 semi-final against holders Spain or France.

23/06/2012 | Sports

Eusebio taken to hospital in Poznan

Former Portugal and Benfica great Eusebio was taken to hospital in the Polish city of Poznan where he has been watching matches at Euro 2012, the Portuguese Football Federation (FPF) said in a statement.

26/12/2011 | Sports

Eusebio beating pneumonia, to leave hospital this week

Former Benfica and Portugal striker Eusebio is shaking off pneumonia and is likely to leave Lisbon's Luz hospital by the end of this week.

20/02/2012 | Sports

Eusebio back in hospital with hypertension

Former Portugal and Benfica striker Eusebio was back in hospital after a hypertension crisis but is expected to be discharged in the next two days, said Lisbon Luz hospital clinical directors.

09/06/2012 | Sports

Denmark produce first shock of Euro 2012

Denmark provided the first upset of Euro 2012 when they beat Netherlands 1-0 in Kharkiv today in the opening game of Group B to leave the Dutch in a perilous position.

10/02/2011 | Sports

Swiss media crazy for Messi's 'fondue football'

The Swiss media praised the Argentina national football team’s performance in the 2-1 victory against Portugal, but most of all Lionel Messi’s magic on the pitch.

13/08/2011 | Sports

Under 20 World Cup:Portugal eliminates Argentina

After penalty kicks and additional time, Portugal ousted Argentina in the quarter-finals of the Under-20 World Cup.

23/12/2011 | Sports

Eusebio's health improving, set to exit intensive care

Portugal great Eusebio is recovering well from pneumonia and could be moved out of the intensive care unit by Saturday, an hospital official said.

05/01/2011 | Sports

Argentina v Portugal friendly moved to Geneva

Argentina's friendly against Portugal scheduled for Feb. 9 has been moved to Geneva from London, the Argentine Football Association said.

08/02/2011 | Sports

'I liked Boca's Tevez,' Batista

Argentina’s national football team coach Sergio Batista gave a press conference in the framework of the friendly match between Argentina and Portugal and left Carlos Tevez out of his priorities. “There’s a wind of change in the team,” the coach assured.

09/02/2011 | Sports

Messi leads Argentina to a victory over Portugal