Portugal
CEPR: PIGS neglected current account deficits
Centre for Economic Policy Research study shows adoption of euro caused countries to relax current account discipline
Banks upped exposure to troubled eurozone states in first quarter: BIS
Bank for International Settlements says first quarter figures show exposure to Portugal, Greece and Spain grew, in spite of default worries
Portuguese debt office agrees to post collateral to its dealers
Agency becomes one of first developed-market sovereigns to succumb to dealer pressure as costs of one-way collateral postings grow
EU stress tests detail exposure to Piigs debt
Stress tests show which banks are heavily exposed to riskiest sovereigns
Differing sovereign debt haircuts to be included in EU stress tests: reports
Reports quote German banking officials as saying that extreme scenarios will apply steep haircuts to PIIGS sovereign debt, but none to bunds or French paper
CentralBanking.com panel: ECB’s response to Greek crisis too slow
Mike Williams, Paul Mortimer-Lee, and Phil Davis say the ECB should have moved more swiftly to tackle the fiscal problems in Greece
Markets unfazed by Moody’s Greek walloping
Bulk of European bourses gain despite rating agency’s four notch downgrade of Greek sovereign debt; analysts link calm to tardiness of downgrade and renewed risk appetite
Low savings widened Southern Europe's fiscal gap: IMF paper
Fund study finds lack of savings in Southern European countries caused large current account deficits to form in the run-up to the global financial crisis
Carlos Costa replaces Constâncio at head of Bank of Portugal
Former EIB vice president Carlos Costa is sworn in as governor after Vitor Constâncio takes ECB deputy spot
Portugal's Constâncio: markets cannot self regulate
Bank of Portugal governor Vítor Constâncio discusses new vision of European regulation
Cracks emerge over ECB’s bond purchases
Bundesbank head and ECB leadership candidate Axel Weber criticises central bank’s entry into bond markets, analysts disagree on whether intervention justified
Europe gambles to save currency union
Markets surge as European Central Bank changes course and commits to buying government bonds, move comes as eurozone and IMF unveil trillion-dollar support package
Trichet plays down 'nuclear option' to end Greece crisis
ECB president Jean-Claude Trichet says option for outright purchase of government bonds is not on table
Sovereign troubles will drag banks down: Moody's
Ratings agency says sovereign downgrades in the southern eurozone could lead to decline in banking sector, further spending cuts will exacerbate problem
European rating agency could break the hold of 'big three': Barnier
European commissioner Michel Barnier moots a continental ratings agency to introduce diversity, comments follow criticism of ratings agencies from European finance minister
Buba’s Weber chastises 'counterproductive' stalling on Greece
Bundesbank president Axel Weber calls for swift action to move forward as Standard & Poor’s downgrades Spain in further sign that Greek crisis is spilling over to neighbouring countries
ECB’s Trichet: voices opinion on fiscal goals in Europe
ECB president Trichet calls for concerted effort from European finance ministers to rebuild confidence in markets
Trichet to rally German support for Greek bailout
European Central Bank president Jean-Claude Trichet expected to urge German lawmakers to stop dragging their feet over the Greek bailout, markets suffer as uncertainty persists
Portuguese rating takes double-notch beating
Standard & Poor’s downgrades long-term rating to A- and short-term rating to A-2 on concerns over deteriorating macroeconomic environment, credit default spreads stretch further
Portugal suffers downgrade
Sovereign debt marked down a notch by Fitch; move eaxcerbates eurozone tensions
Rogoff predicts wave of sovereign defaults
Greece will not be the only country to face threat of bankruptcy, ex-IMF chief economist Kenneth Rogoff warns
Macao links China and Portuguese-speaking countries – Teng
Monetary Authority of Macao’s Anselmo Teng says the country is an important economic link between China and Portuguese-speaking countries
Bank of Portugal - Annual Report 2007
The Portuguese economy saw no real convergence to European Union (EU) norms over the past decade, notes the country's central bank in its latest Annual Report.
Wages and prices determined by shocks
New research from the Bank of Portugal finds that import-price and unemployment shocks lead to wage and price rises in the Portuguese economy.