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Bailout beckons as Portugal’s Sócrates resigns

José Sócrates failed to convince other political parties of the need for further cuts.

Portugal moves a step closer to a Greek-style crisis as the Socialist prime minister steps down after an unsuccessful congressional vote on measures to cut the deficit.

March 24th, 2011 | Posted in Politics, Portugal News | Read More »

Portugal’s debt: a tale of pride and prejudice

Portuguese Prime Minister José Sócrates still has plenty to ponder. Photo: José Goulao.

Portuguese officials continue to insist they can keep the threat of a bailout at bay with their current austerity push. However, that does not mean the markets will be convinced.

February 24th, 2011 | Posted in Business, Portugal News | Read More »

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