Crisis: Portuguese voice their discontent across the country
“Stop stealing from the people!” This was the slogan painted on one of the largest banners carried by protestors in the streets of Lisbon Saturday, in what was considered one of the biggest...
View ArticlePolitical crisis: Coalition government at risk
The coalition government was at risk Monday and scenarios which included a break-up were still open yesterday evening, PDV’s political sources said. Until Monday, Prime Minister Pedro Passos Coelho had...
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Austerity: Government makes U-turn on controversial changes to SS contributions
Portuguese Prime Minister Pedro Passos Coelho (C) accompanied by Silva Peneda (C-R) president of the Portuguese Social Concertation on arrival for the meeting with the social partners(Photograph: Mário...
View ArticleEconomy: Austerity sinks consumer confidence
The economic climate and consumer confidence in Portugal fell sharply in September according to figures released by the National Statistics Institute (INE) Thursday. The consumer confidence index...
View ArticleProtests: Week long train strike strife
Trains in Portugal are expected to suffer severe disturbances this week, particularly on the 5 October public holiday following industrial action announcements by various unions in protest against...
View ArticleFT: EU officials claim Portugal bailout probably extended into mid-2015
Portugal’s bailout will now probably be extended into mid-2015, EU officials have revealed to the Financial Times. Following Portugal’s fifth assessment by the so-called troika of international...
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President: ‘Austerity obviously recessive’
President Cavaco Silva said politicians cannot ignore the voice of the people (Photograph: All Rights Reserved) President of Portugal, Aníbal Cavaco Silva, said Monday the austerity measures that were...
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Eurogroup: Latest tranche of bailout funding approved
Portuguese Minister of Finance Vítor Gaspar (L) with Luxembourg's Prime Minister and Eurogroup President Jean-Claude Juncker (Photograph: Nicolas Bouvy/LUSA) The discussions leading up to approval of...
View ArticleProtests: Thousands in the streets against austerity
Thousands of people protested in towns and cities across Portugal Saturday against the coalition government’s austerity measures like higher taxes and cuts in public-sector wages and pensions. As has...
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Interview: IMF defends broad consensus to cut public wages and social transfers
Portugal is well on track to regain full market access, says Albert Jaeger, who heads the IMF office in Lisbon. In an exclusive interview with PDV following the country’s earlier-than-expected return...
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Austerity: Government delays holiday bonus until November
Minister of Defence José Pedro Aguiar-Branco followed by Minister of Parliamentary Affairs Luís Marques Guedes, Minister of State and Regional Development Miguel Poiares Maduro and Secretary of State...
View Article“Two surreal political days”, writes PDV editor Vítor Matos
Portugal is living the surreal nightmare of an irresponsibility from its main political leaders impossible to imagine. It’s been 48 hours of madness. On Monday, the minister of Finance, Vítor Gaspar...
View ArticleCrisis: Coalition leaders’ meeting ends, talks continue
The meeting between the prime minister and leader of the PSD and the leader of the junior coalition party CDS-PP has ended but the conversations are to continue in an atmosphere that a government...
View ArticleSummer bulletin: Central bank gloomy on GDP, jobs
The Bank of Portugal (BdP) said on Tuesday that the outlook for the Portuguese economy was riddled with “particularly high uncertainty” due to “recent domestic developments” and the on-going demands of...
View ArticleCrisis: Leading business figures pressure parties on ‘national salvation’ deal
Business leaders and academics have drafted a manifesto calling on the three largest parties in Portugal’s parliament to reach an understanding and listen to the President’s call for a ‘National...
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