What seems clear is that the collapse in yields – albeit not quite as apparently dramatic relative to equivalent German government bonds – has more to do with faith in the European Central Bank’s determination to keep the single currency intact than it does with confidence in Portugal’s economic fundamentals.
Portuguese company Ynvisible created Printoo kits to get flexible, thin electronics out of laboratories and into the hands of makers. It is offering a series of modules on Kickstart as of today that can do just about anything.
Known as the 'Engineer' in his native Portugal for his university education and careful planning, Fernando Santos has lived up to that reputation in Greece since taking over as coach of the national football team.
Porto ages happily on the Douro River, along with the most of the world's port wine. The harborfront, called the Ribeira, faces Porto's sister city, Vila Nova de Gaia, just across the river, where traditional boats that hauled the wine to the port lodges for aging and distribution decorate the scene.
Portugal completed a successful 10-year debt sale that could be a precursor to it following Ireland and emerging from its own bailout program on schedule on May 17, as well as a closely watched survey pointing to a pick-up in eurozone-wide economic growth.
Joel Achenbach: We’re staying bluffside on what I believe is the Atlantic Coast of Portugal. It looks like the Mediterranean to me but the salinity, sparkle and seaweed flavor, and in particular the crunchiness of the barnacles, tell me it’s the Atlantic.
The European Central Bank (ECB) still plans to take action to combat the problem of low and falling inflation despite holding off and disappointing markets over the past few months, Portugal's finance minister told CNBC.
Portugal's government defined on Tuesday savings measures worth 1.4 billion euros, or 0.8 percent of gross domestic product, needed to slash the budget deficit next year and promised to abstain from tax hikes as well as further wage and pension cuts.
Greece's success in tapping markets on Thursday raise the chances that Portugal will not need a precautionary credit line when it exits the euro zone bailout in mid-May, the head of euro zone finance ministers, Jeroen Dijsselbloem, said on Friday.
Fitch Ratings upgraded the outlook on Portugal's credit rating to 'positive' from 'negative' on Friday, citing the good progress the country has made in reducing the budget deficit. The ratings were affirmed at 'BB+'.