Portugal’s debt reaches €250Bn historic maximum
Portugal’s ballooning debt shows no sign of slowing. It rose €4.3Bn in April with an extra €300 million on the public debt in May. Portugal has once again hit a new record with Portuguese public [...]
Moody’s keeps Portugal’s rating at “junk” status
Despite recognising the considerable efforts by the Portuguese government in the past 12 months, US ratings agency Moody’s has decided to keep the country’s rating at Ba1. The agency said [...]
Portugal debt grows €721Bn
Portugal’s total economic debt has soared to its highest level since September 2017 – €721Bn. February was the second month running that the debt had passed the €720Bn. Portugal’s total [...]
IMF: Portugal pays 26% GDP to satisfy creditors
With a 26% set-aside of GDP, the International Monetary Fund (IMF) says that Portugal is one of the most vulnerable countries from a group of 52 when it comes to paying creditors. Despite [...]
Lisbon City Council debt at 15 years minimum
Lisbon City Council has reduced its debt to its lowest level in 15 years thanks to the boom in tourism and real estate. CML (Câmara Municipal de Lisboa) shaved €472 million off its debt [...]
Investor demand for Portuguese debt rises
Portugal has secured more than one half of its financing needs (60%) for 2018 through long-term sovereign bonds. This week the Portuguese government successfully issued and sold €3Bn in its [...]
