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PORTUGAL NEWS (Lisbon)
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BornAgain2



Joined: 12 Dec 2009
Posts: 17167



PostPosted: Wed Oct 31, 2012 8:12 pm    Post subject: Reply with quote

Euro zone approves 800 million euros aid to Portugal
Oct. 8, 2012
- Euro zone finance ministers signed off on a further tranche of financial aid to Portugal on Monday and said the country was working hard to put in place the budget cuts and structural economic adjustments demanded of it.

In a statement following a meeting in Luxembourg, the Eurogroup, made up of the finance ministers of the 17 euro zone countries, said Lisbon was carrying out its reforms faster than expected and was broadly on track to meet its goals. It has been given an extra year to meet its deficit targets.

"The Eurogroup notes with satisfaction that the government's active preparation of a return to the financial markets in 2013 has recently been met with success," it said, adding that it had approved the next disbursement of 800 million euros from the eurozone's temporary EFSF bailout fund.
A further 3.5 billion euros from the eurozone and the IMF is expected to be disbursed at the end of the month, it said.
http://news.yahoo.com/euro-zone-a...-portugal-212239694--finance.html


IMF approves 1.5 billion euro disbursement to Portugal 24 October 2012
http://uk.reuters.com/article/201...mf-portugal-idUKBRE89N1QA20121024

The International Monetary Fund on Wednesday approved a 1.5 billion (1.2 billion) loan disbursement to Portugal, confirming the country is on track with the terms of its 78 billion international bailout.


Portugal passes fresh tax hikes
The changes form part of Prime Minister Pedro Passos Coelho's new 2013 budget programme.
Lisbon has to meet targets set by a 78-billion-euro bailout agreement with the EU and IMF.
The bill passed despite the main opposition Socialists voting against as the governing coalition parties control 132 seats in the 230 seat parliament. The government must now wait to see if the cuts will be challenged in the constitutional court.
Judges threw out similar measures earlier this year.
Ministers have already slashed public sector wages, triggering a series of demonstrations.
http://www.youtube.com/watch?v=509fjBlG1FU
http://www.euronews.com/ Portugal's parliament has passed the country's largest tax hike package in decades.
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BornAgain2



Joined: 12 Dec 2009
Posts: 17167



PostPosted: Wed Nov 14, 2012 6:55 pm    Post subject: Reply with quote

http://news.yahoo.com/anti-auster...n-europe-135200865--business.html

11/14/12

Anti-austerity marches turn violent across southern Europe

MADRID/LISBON (Reuters) - Demonstrations turned violent in Spain and Portugal after millions took part in a mostly peaceful general strike on Wednesday in organized labor's biggest Europe-wide challenge to austerity policies since the debt crisis began three years ago.

In Lisbon, marches ended with a level of violence not seen since the crisis began, with police charging demonstrators who hurled stones and bottles, leaving nearly 50 people hurt.

Protesters in Madrid burned rubbish bins, filling the central boulevard with smoke, while in Barcelona demonstrators burned police cars.

Riot police fired rubber bullets to disperse protesters in both cities, where more than 140 people were arrested, including two said by police to be carrying material to make explosives, while more than 70 were reported injured.

Hundreds of flights were cancelled, schools were shut, factories were at a standstill and trains barely ran in Spain and Portugal where unions held their first joint general strike. Stoppages in Belgium interrupted international rail services.

Workers also protested in Greece and France against austerity policies that have taken a heavy economic toll and aggravated mass unemployment.

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BornAgain2



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PostPosted: Sat Mar 02, 2013 1:23 pm    Post subject: Reply with quote

http://news.yahoo.com/thousands-m...-protest-austerity-173529063.html

3/2/13
Thousands march in Portugal to protest austerity

Tens of thousands march in more than 20 Portuguese cities to protest government's austerity


LISBON, Portugal (AP) -- Many thousands of demonstrators are holding marches in more than 20 cities in Portugal to protest government-imposed austerity measures aimed at lifting the ailing country out of recession.

Tens of thousands of people have filled a Lisbon boulevard leading to the Finance Ministry carrying placards saying "Screw the troika, we want our lives back." The troika is a reference to the European Commission, the International Monetary Fund and the European Central Bank, the lenders behind the country's financial bailout.

Many protesters are singing a 40-year-old song linked to a 1974 popular uprising known as the Carnation Revolution.

Portugal is expected to endure a third straight year of recession in 2013, with a 2 percent contraction. The overall jobless rate has grown to a record 17.6 percent.
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BornAgain2



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PostPosted: Mon Mar 11, 2013 6:35 pm    Post subject: Reply with quote

Portugal endures worst recession in 37 years
March 2013
Portugal hit by worst recession in 37 years as slump deepens amid austerity measures
LISBON,  Portugal's statistics agency says the economy contracted 3.2 percent last year its sharpest annual downturn since 1975.
Portugal is enacting broad debt-reduction measures, including tax hikes and pay and pension cuts, in return for a 78 billion ($102 billion) international financial lifeline it received in May 2011. Those austerity policies are widely blamed for the deepening recession and growing hardship.

The National Statistics Institute said Monday that a drop in private consumption and slower export growth were the main factors behind the slump, with the economy shrinking 3.8 percent in the fourth quarter. Unemployment stands at 17.6 percent, the third-highest rate in the 27-nation bloc after Greece and Spain.
The economy contracted 1.6 percent in 2011. The government predicts a 2 percent contraction this year.
http://news.yahoo.com/portugal-en...worst-recession-37-120417065.html
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CJ
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Joined: 22 Sep 2009
Posts: 32229



PostPosted: Tue May 26, 2015 8:11 am    Post subject: Reply with quote

Israeli plane detained
May 26, 2015
-  Israir Airbus plane detained in Lisbon.  Portuguese airline EuroAtlantic claims Israeli company owes it millions of euros in a 7-year-old debt, Israir says legal proceedings in dispute are still ongoing and was surprised of the seizure.
http://www.ynetnews.com/articles/0,7340,L-4661238,00.html
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BornAgain2



Joined: 12 Dec 2009
Posts: 17167



PostPosted: Thu Jan 14, 2016 7:55 pm    Post subject: Reply with quote

http://news.yahoo.com/hurricane-a...016-forecast-storm-175848641.html
Hurricane Alex 2016: Forecast, Storm Tracker, Path and Updates
1/14/16

The National Hurricane Center upgraded eastern Atlantic ocean subtropical storm Alex to hurricane status Thursday as it heads toward the coast of Azores, Portugal. The center has issued a five-day hurricane warning and tropical storm warnings for various regions of the Azores islands as Hurricane Alex moves north-northeast toward land at 20 mph.

"The Azores Meteorological Service has issued a hurricane warning for the islands of Faial, Pico, Sao Jorge, Graciosa and Terceira in the central Azores, and a tropical storm warning for the island of Sao Miguel and Santa Maria in the eastern Azores," the National Hurricane Center wrote in its public advisory for Alex, currently located 490 miles off the coast of Azores.


Alex is the first January hurricane to form since 1938 and only the fourth January hurricane on record since 1851, CNN reported.  

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CJ
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Joined: 22 Sep 2009
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PostPosted: Sun Jun 18, 2017 5:56 am    Post subject: Reply with quote

Portugal fatal forest fires
Jun 18, 2017  
-  A major forest fire in central Portugal led to at least 57 fatalities, with 59 more injured.  Many were burnt to death in their cars trying to flee.
The fire may have been caused by a lightning strike.
https://www.rt.com/news/392821-portugal-deadly-forest-fires

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