Topic: Western Europe
Eurogroup head Jean-Claude Juncker on Saturday backed Germany's proposal of a "soft restructuring" of Greece's debt with a voluntary contribution from private-sector creditors."There will be no total restructuring," he told a German radio station. "The governments are agreed on that, ECB support ...
Portuguese election victor Pedro Passos Coelho received orders Monday to move quickly to form a new government as pressure mounted on Lisbon to enact reforms demanded by the EU and IMF in exchange for a massive bailout.President Anibal Cavaco Silva deemed that ...
Portugal's Social Democrats ousted the ruling Socialists in an early general election, paving the way for a new centre-right coalition government to implement the country's 78 billion euro bailout programme.The party won 105 seats in the 230-seat assembly against 73 for outgoing ...
WASHINGTON (Reuters) - U.S. President Barack Obama praised Germany's environment policies and success at taming unemployment in an interview released on Sunday ahead of Chancellor Angela Merkel's visit to Washington.In an interview with German newspaper Der Tagesspiegel, Obama said the United States ...
LISBON (Reuters) - Portugal's Social Democrats are favorites to win a general election on Sunday, but celebrations could be short as they face the urgent task of forming a coalition government to enact a demanding bailout plan.Polls suggest the center-right Social Democrats ...
Whatever the outcome of Sunday's general election in Portugal, the new government will face a race against the clock to put in place the demanding programme of reforms agreed with the EU and IMF in exchange for a 78-billion-euro bailout."The country faces ...
President Barack Obama trusts America's generous and compassionate nature, that our rugged individualism is tempered by a belief that we're all connected. In his speech on budget reform on April 13, he celebrated "our belief that those who benefited most from our ...
European finance ministers on Monday backed a three-year 78-billion-euro EU-IMF bailout for Portugal on condition Lisbon embarks on a major raft of public sell-offs.The ministers agreed unanimously to rescue Portugal, a statement said, making it the third eurozone country in the space ...
Finland officially approved a financial rescue package to Portugal on Friday, lawmakers said, removing a main obstacle to the European Union's approval but attached conditions to the bailout."We support the government's line ... including participation in a support package for Portugal and ...
Standard and Poor's rating agency said Wednesday that Portugal's 78-billion-euro ($111 billion) EU-IMF bailout programme is credible but warned there are considerable implementation risks.S&P said that the programme of measures agreed to unlock the bailout loans is consistent with its current BBB- ...