Portugal is doing what it needs to do Needs to deliver on its program and needs to rely on solidarity of European partners Portuguese banking system is more capitalised ECB member and governor of the Bank of Portugal, Carlos Costa … Continue reading
Speaking in parliament. They’ve been doing well in hitting targets recently so I’d have them in my darts team.
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
The government sees the deficit at 5.9% to GDP in 2013 compared to the 5.5% target, which is no surprise. The good news is that they reaffirmed the 2014 deficit target at 4% of GDP. The 2014 budget plans to … 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.
Just looking at various CPI numbers that have been popping up this morning, and the overall picture is confirming the euro zone flash estimate drop we had last week. Sweden’s headline CPI fell to 0.1% from 0.2% y/y Norway’s dropped to … Continue reading
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