Search

The article focuses on the promise made by Portugal Prime Minister-elect Pedro Passos Coelho to cut spending and sell public companies to meet requirements imposed under a 114 billion U.S. dollar bailout to prevent market fears.

The article reports that Portugal's Prime Minister José Sócrates is in close race for re-election in June 2011 after he failed to prevent an international bailout for the country.

The article reports on the contraction of the Portuguese economy in the first quarter of 2011 prompting the European Commission to predict that the country's gross domestic product (GDP) will shrink in 2011 and 2012.

The article reports on the decision of Portugal President Anibal Cavaco Silva to schedule an early election on June 5, 2011, after the country failed to meet its 2010 budget-deficit goal.

The article reports on the optimism of Portuguese Prime Minister José Sócrates that an increase in exports and foreign investors could ease the debt crisis of Portugal.

The article announces the victory of Anibal Cavaco Silva as president of Portugal for the second term.

The article reports that Moody's Investors Service has threaten to downgrade ratings on Portugal's banks if they will continue to rely on funding from the European Central Bank.