Eurostat is out with the Q2 2013 government budget balance figures. EU 28 states is -3.9%, unchanged from Q1 EZ -3.7% from 3.8% Greece -16.6% from -11.0% in Q1 Spain 11.0% from -11.1% Ireland -7.6% from -8.2% Portugal -6.1% from … Continue reading
Just to keep some continuity to my earlier post, Portuguese CPI fell to 0.1% from 0.2% y/y while Irish headline CPI and HICP stayed put at 0.2% and 0.0% respectively.
Convinced Portugal has conditions to end aid plan Government committed to budget consolidation Evidence shows Q3 GDP will be positive Concluding reviews was an important target Yesterday Portugal got the thumbs up from the Troika review and have been in real … Continue reading
Gold star from the Troika but the bond market is still very worried about Portugal. Portugal says troika wants a 4% budget deficit target for 2014 Portugal has argued for a 4.5% deficit target
Nations shouldn’t unravel fiscal consolidation progress Portugal has much to do on privatizations Seeing the first signs of recovery in Portugal Sounds like Draghi’s buddies have some below-market bids ready on some Portuguese govt assets.
If pass current bailout review will be close to completing program Signs of growth still not guaranteed Like Ireland, Portugal has been moving towards exiting the bailout program but is likely to need a “helping hand” with finances as they … Continue reading
When asked if Portgual should get more time to cut their deficit Reuters reporting
Then adds that the Troika wants 4% Hey, what’s 0.5% between friends and an extra loan !