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Investing in Portugal

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80 Percent of Greeks Oppose More Austerity; Tens of Thousands Defy Spain’s Protest Ban; Greece, ECB Deny the Obvious; IMF in Denial Regarding Portugal
Wall Street Sector Selector  May 22  Comment 
Courtesy of Mish  The words for today are the same as the words for last week and last month: defy and denial. Let’s consider a few examples. Campers in Spain Defy Protest Ban  The New York Times reports Tens of Thousands in S...
S.&P. Cuts Its Outlook for Italy
New York Times  May 21  Comment 
The revision may heighten concerns that contagion from the debt problems in Greece, Ireland and Portugal could be spreading.
Ronaldo eyes goal record, six fight for survival
Sydney Morning Herald  May 21  Comment 
Real Madrid star Cristiano Ronaldo is looking for personal glory on Saturday when the Portuguese star aims to beat the all-time La Liga goals record of 38 on the final day of the season.
IMF approves $A34bn euro loan to Portugal
Sydney Morning Herald  May 21  Comment 
The International Monetary Fund has approved a 26 billion euro ($A34.64bn) three-year loan to Portugal as part of a European Union bailout.
IMF approves $36.8 billion loan for Portugal
Reuters  May 21  Comment 
Last week Portugal, this week Japan officially slipped into recession
FX Street  May 20  Comment 
Overview A slightly jittery time as all types of debt, quantities, and borrowers come under renewed... For more information, read our latest forex news and reports.
Playing Grown-Up at KidZania
BusinessWeek  May 19  Comment 
At KidZania theme parks, children pretend they're adults—and companies market to them as if they are
Portuguese election hopefuls clash on economy
Financial Times  May 19  Comment 
Portugal will face a ‘prolonged and painful recession’ if it fails to comply with the country’s €78bn bail-out agreement, according to the leader of the main opposition party
NYSE Euronext Lists Commerzbank Certificates On Portuguese Government Bonds - Innovative Product Facilitates Access To Portuguese Public Debt
Mondo Visione  May 18  Comment 
NYSE Euronext Lisbon lists from today Certificates on Government Bonds (“Certificados OT”), an innovative product issued by Commerzbank. With this new financial product, investors have an opportunity to gain exposure to  Portuguese public...
No let-up on Portugal’s borrowing costs
Financial Times  May 18  Comment 
Portugal raises €1bn in its first debt auction since the EU approved the country’s €78bn bail-out package, but the caretaker government sees no easing in its cost of borrowing




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