Portugal
Low savings widened Southern Europe's fiscal gap: IMF paper
Fund study finds lack of savings in Southern European countries caused large current account deficits to form in the run-up to the global financial crisis
Carlos Costa replaces Constâncio at head of Bank of Portugal
Former EIB vice president Carlos Costa is sworn in as governor after Vitor Constâncio takes ECB deputy spot
Portugal's Constâncio: markets cannot self regulate
Bank of Portugal governor Vítor Constâncio discusses new vision of European regulation
Cracks emerge over ECB’s bond purchases
Bundesbank head and ECB leadership candidate Axel Weber criticises central bank’s entry into bond markets, analysts disagree on whether intervention justified
Europe gambles to save currency union
Markets surge as European Central Bank changes course and commits to buying government bonds, move comes as eurozone and IMF unveil trillion-dollar support package
Trichet plays down 'nuclear option' to end Greece crisis
ECB president Jean-Claude Trichet says option for outright purchase of government bonds is not on table
Sovereign troubles will drag banks down: Moody's
Ratings agency says sovereign downgrades in the southern eurozone could lead to decline in banking sector, further spending cuts will exacerbate problem
European rating agency could break the hold of 'big three': Barnier
European commissioner Michel Barnier moots a continental ratings agency to introduce diversity, comments follow criticism of ratings agencies from European finance minister
Buba’s Weber chastises 'counterproductive' stalling on Greece
Bundesbank president Axel Weber calls for swift action to move forward as Standard & Poor’s downgrades Spain in further sign that Greek crisis is spilling over to neighbouring countries
ECB’s Trichet: voices opinion on fiscal goals in Europe
ECB president Trichet calls for concerted effort from European finance ministers to rebuild confidence in markets
Trichet to rally German support for Greek bailout
European Central Bank president Jean-Claude Trichet expected to urge German lawmakers to stop dragging their feet over the Greek bailout, markets suffer as uncertainty persists
Portuguese rating takes double-notch beating
Standard & Poor’s downgrades long-term rating to A- and short-term rating to A-2 on concerns over deteriorating macroeconomic environment, credit default spreads stretch further
Portugal suffers downgrade
Sovereign debt marked down a notch by Fitch; move eaxcerbates eurozone tensions
Rogoff predicts wave of sovereign defaults
Greece will not be the only country to face threat of bankruptcy, ex-IMF chief economist Kenneth Rogoff warns
Macao links China and Portuguese-speaking countries – Teng
Monetary Authority of Macao’s Anselmo Teng says the country is an important economic link between China and Portuguese-speaking countries
Bank of Portugal - Annual Report 2007
The Portuguese economy saw no real convergence to European Union (EU) norms over the past decade, notes the country's central bank in its latest Annual Report.
Wages and prices determined by shocks
New research from the Bank of Portugal finds that import-price and unemployment shocks lead to wage and price rises in the Portuguese economy.
Portugal: components of exports shifting
The share of Portugal's exports of parts and components has more than doubled since the late 1980s, a new paper from the country's central bank states.
IMF's Portugal on liquidity provision
Central banks should continue to provide liquidity as needed to assure the smooth functioning of markets, said Murilo Portugal, a deputy managing director of the International Monetary Fund (IMF).
Reservation wage related to benefit payments
Higher unemployment benefits lead to higher reservation wages, research published by the Bank of Portugal finds.
Cyprus and Malta join gold agreement
Cyprus and Malta, the two newest members of the eurozone, have signed up to the Central Bank Gold Agreement, which limits the amount of gold cooperating institutions can sell.
Rock raises lender of last resort issue for EU
One important aspect of the Northern Rock crisis in the UK has been to make market participants wonder what would happen if a similar-sized institution got into difficulties in a small or medium-sized EU member state.
Paper on the price level stability
This research paper from the Bank of Portugal provides an overview of the arguments for assessing the case for price level path stability (PLPS).
Commission's data on euro-area inflation misleads
The balance statistic, used by the European Commission to gauge inflation perceptions, is a poor measure of actual inflation, research published by the Bank of Portugal finds.