The European Union and Portugal have reached an initial agreement to inject billions of euros into Portugal’s largest lender by assets, an important step toward cleaning up the country’s troubled banking sector.
By Andrei Khalip and Robert-Jan Bartunek
LISBON/BRUSSELS (Reuters) - The European Commission and Portugal have agreed in principle on the recapitalization, on market terms, of ailing state-owned bank CGD, envisaging an injection of up to 2.7...
LISBON (dpa-AFX) - Portugal's producer prices continued its downward trend
in July, figures from Statistics Portugal showed Thursday.
The producer price index fell 3.4 percent year-over-year in July, which was
worse than the 3.2 percent...