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Les jeunes chômeurs portugais retournent aux champs

Les jeunes chômeurs portugais retournent aux champs | Adamastor | Scoop.it

Dans le contexte de désindustrialisation du pays et d’écroulement du secteur tertiaire, de jeunes Portugais choisissent de retourner dans des zones rurales, touchées jusqu’ici par le dépeuplement.

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Portugal. Viewed from abroad.
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Portugal has Europe's fewest women on boards

Portugal has Europe's fewest women on boards | Adamastor | Scoop.it

Portugal has the lowest proportion of female board members of any European country while some nations have introduced legislation to spur companies to add women at the highest level of management.

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Don't repeat mistakes of Irish bailout, former IMF official warns Portugal

Don't repeat mistakes of Irish bailout, former IMF official warns Portugal | Adamastor | Scoop.it

Portugal is making the same costly mistake as Ireland by rescuing a troubled bank and largely sparing its bondholders losses, one of the architects of Ireland's bailout has warned.

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Portugal bank rescue helps Wall Street rebound

Portugal bank rescue helps Wall Street rebound | Adamastor | Scoop.it

Wall Street stocks rose Monday after a sharp drop last week, helped by earnings and Portugal’s rescue of a major lender.

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Los fondos de la 'troika' rescatan al Banco Espírito Santo

Los fondos de la 'troika' rescatan al Banco Espírito Santo | Adamastor | Scoop.it

Nace el Novo Banco con 4.500 millones de préstamos europeos. Los accionistas del BES pierden todo y se quedan un banco malo.

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Tax-averse French seek shelter in Portugal

Tax-averse French seek shelter in Portugal | Adamastor | Scoop.it

Lisbon real estate agent Paulo Silva says Portugal’s booming high-end property market has a Frenchman to thank: François Hollande.  'The French president’s taxes are prompting many to flee their country', says Silva, who heads real estate agency Aguirre Newman. 'Many of these wealthy French are coming to Portugal to take advantage of tax benefits that are better than in other countries'.

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Investment in Angolan banking may prove a crippling deal for Portugal

Investment in Angolan banking may prove a crippling deal for Portugal | Adamastor | Scoop.it

The country may have to do some damage control because of problems with a subsidiary of the troubled Portuguese lender Banco Espírito Santo.

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Espirito Santo Group: how it all started

Espirito Santo Group: how it all started | Adamastor | Scoop.it

Two linked companies, Espirito Santo Group and RioForte, have applied to Luxembourg courts for protection from their creditors in recent days. The Portuguese family dynasty that owns both companies is at a crossroads.

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The custard tarts are reason enough to visit Lisbon

The custard tarts are reason enough to visit Lisbon | Adamastor | Scoop.it

Rosie Mortimer: Go to the Pasteis de Belem and sample their Pastel de Nata (Portuguese custard tart), is a friend’s top recommendation for Lisbon. My husband and I follow it to the letter.

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Portugal's PM tries to soothe investors; BES says can cover any losses

Portugal's PM tries to soothe investors; BES says can cover any losses | Adamastor | Scoop.it

Portugal's government and central bank assured investors on Friday that the southern European country's financial system was sound, aiming to quell worry about the spillover effects of trouble at the Espirito Santo business empire.

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Un Portugais quitte son pays toutes les 5 minutes

Un Portugais quitte son pays toutes les 5 minutes | Adamastor | Scoop.it

Malgré la timide reprise de l économie portugaise, les candidats à l exil sont toujours plus nombreux parmi les jeunes diplômés, dont des infirmiers, médecins, professeurs et ingénieurs.

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Portugal slashes its budget deficit

Portugal slashes its budget deficit | Adamastor | Scoop.it

Portugal, which has just emerged from a bailout programme, nearly halved its budget deficit in the first quarter of the year relative to national output, official data showed on Friday.

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Germany dominates Portugal, 4-0

Germany dominates Portugal, 4-0 | Adamastor | Scoop.it

This was one of the most anticipated battles of the opening round of matches. Germany, one of the favorites to win the World Cup, taking on Portugal, led by perhaps the best player in the world in Ronaldo.

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Portugal waives its last bailout instalment

Portugal’s government says it is forgoing the final 2.6 billion-euro ($3.5 billion) instalment of its three-year bailout package because it cannot meet creditors’ deadlines for the latest promised austerity measures, which have run into legal challenges.

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Portugal court partially approves government austerity measures

Portugal's constitutional court gave the government on Thursday more leeway to cut the budget deficit by approving, in part, austerity measures included in an IMF/EU bailout that Lisbon exited in May.

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Morrissey statement: Lisbon, Portugal booked (Oct. 6)

Morrissey statement: Lisbon, Portugal booked (Oct. 6) | Adamastor | Scoop.it

We have our first World peace is none of your business concert booked in Lisbon (Portugal) on October 6th.

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Portugal in €4.9 billion rescue of Banco Espirito Santo

Portugal in €4.9 billion rescue of Banco Espirito Santo | Adamastor | Scoop.it

Portugal will spend 4.9 billion euros ($6.58 billion) to rescue its largest listed bank, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.

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In Portugal, central bank moves to clean up Banco Espírito Santo

In Portugal, central bank moves to clean up Banco Espírito Santo | Adamastor | Scoop.it

Portugal’s central bank stepped up efforts to clean up the troubled lender Banco Espírito Santo and end its family control after the bank reported a stunning first-half loss of $4.8 billion that will force it to raise more capital.

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Banco Espírito Santo shares more than halve in value

Banco Espírito Santo shares more than halve in value | Adamastor | Scoop.it

Banco Espirito Santo shares plummeted more than 50% on Thursday, with the most resilient shareholders finally yanking their money out of the troubled lender.

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In Portugal, ex-chief of bank is arrested

In Portugal, ex-chief of bank is arrested | Adamastor | Scoop.it

The former official was brought to court for a hearing in a major money laundering and tax evasion case aimed at a Swiss asset management company.

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Ex-Banco Espírito Santo head detained for questioning under money laundering investigation

Ex-Banco Espírito Santo head detained for questioning under money laundering investigation | Adamastor | Scoop.it

Ricardo Salgado, former chief executive of troubled Portuguese lender Banco Espírito Santo, has been detained for questioning as part of a three-year money-laundering and tax evasion investigation.

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Banco Espirito Santo: a Portuguese disaster, not a European crisis

Banco Espirito Santo: a Portuguese disaster, not a European crisis | Adamastor | Scoop.it

Sovereign recapitalization of banks can perhaps be justified on the grounds that disorderly failure would have disastrous economic effects, although countries can and do wind up insolvent banks rather than recapitalizing them. But there can be no justification whatsoever for bailing out a sprawling retail conglomerate with a corporate structure of extraordinary complexity and opacity.

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Novos mercados, bares e restaurantes animam as ruas de Lisboa

Novos mercados, bares e restaurantes animam as ruas de Lisboa | Adamastor | Scoop.it

Um dos destinos preferidos dos viajantes jovens, a capital de Portugal tem noite animada e democrática.

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Despite high unemployment, Portugal looks far afield for workers

Despite high unemployment, Portugal looks far afield for workers | Adamastor | Scoop.it

A low minimum wage and relatively generous unemployment benefits make tough agricultural labor a hard sell, so companies import workers from as far away as Thailand.

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Why Portugal will always wonder what might have been in Brazil

Why Portugal will always wonder what might have been in Brazil | Adamastor | Scoop.it

Portugal will be scratching their heads wondering what could have gone differently after finishing their World Cup campaign level on points with the USA and on a more positive note than when they were trounced by four goals at the hands and feet of Germany.

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Moody's: Portugal court ruling could hamper deficit plans

The rejection by Portugal's constitutional court of a series of austerity measures will make it more difficult for the country to balance its budget by 2018 as planned, credit rating agency Moody's said on Thursday.

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