Comments from Portuguese Secretary of State for Treasury Castelo Branco says he would like to pre-finance two thirds of the countries 2015 funding needs and says issuing debt in USD’s is always a possibility. The sale of bonds via banks … Continue reading
After 6 months of wrangling the next tranche to Greece has been agreed, according to the FT. €8.3bn will be trunking its way over in three stages. The first payment is said to be around €6.3bn. The breakthrough in talks … Continue reading
2014 GDP 1.2% vs 0.8% Dec estimate 20151.4% vs 1.3% Issues 2016 forecast of 1.7% 2013 the economy contracted 1.4% The German ministry has chimed in saying they see a clean exit from the bail out program for Portugal but … Continue reading
Budget consolidation will continue after aid plan Portugal will benefit for years from structural reforms Banking system is well capitalised (we’ll find out soon enough) Systemic risk that threatened EU have eased Unemployment in Portugal is still unacceptably high Surprised … Continue reading
Super Bocks all round.
Risk are mainly legal Rigorous implementation of 2014 budget will be decisive step in transition to post bail out environment Baseline projections says recovery becoming more entrenched Portuguese minister Margues Guedes also on the wires saying that they will take … Continue reading