Portugal's decision to make a clean exit from its IMF-EU programme and its successful return to capital markets at favourable yields reflects investor confidence in the country's progress since 2011. It also reflects strong market liquidity and a search for yield while global interest rates are low. Without a precautionary programme, the risk of Portugal getting caught up in a future bout of market volatility cannot be fully discounted. However, the sovereign's large deposit buffer mitigates this risk, says Fitch Ratings.
Southern eurozone member Portugal has announced it will not need further international rescue funds it had been granted in the debt crisis. The government noted the country returned to growth after unpopular reforms.
Helena Costa, who has managed the women's national teams of Qatar and Iran, will be the first woman to coach a men's professional soccer team in any major European league when she begins her roll with Clermont Foot 63.