LISBON Europe needs a scheme similar to the U.S. Troubled Asset Relief Programme (TARP), adopted during the 2008 subprime crisis, to help its banks cope with the fallout from the COVID-19 pandemic, European Central Bank policymaker Carlos Costa said on Tuesday.
LISBON Portugal's government announced on Thursday it sealed a final deal with private shareholders of ailing flag carrier TAP to take a controlling stake in the airline while avoiding nationalisation.
LISBON, July 2 Portugal's government and private
shareholders in ailing flag carrier TAP are close to sealing a
deal that would give the state a controlling stake while
avoiding a full-scale nationalisation, two sources with
knowledge of the talks said.
LISBON/MADRID Portugal backs the candidacy of Spanish Economy minister Nadia Calvino to head the Eurogroup, the country's Prime Minister Antonio Costa said in an interview on Sunday.
LISBON The Portuguese government will nominate Mario Centeno, who resigned from his role as finance minister this month, as the next central bank governor, the prime minister said on Thursday.
LISBON People in several parts of Greater Lisbon will have to go back to staying at home from next week as Portuguese authorities deal with a worrying wave of coronavirus on the city's outskirts, the government announced on Thursday.
LISBON, June 25 People in several parts of
Greater Lisbon will have to go back to staying at home from next
week as Portuguese authorities deal with a worrying wave of
coronavirus on the city's outskirts, the government announced on
LISBON Portugal's flag carrier TAP is confident the European Commission will approve a restructuring plan that would allow the airline to avoid repaying a government-backed loan, its chief executive said on Tuesday.
LISBON How quickly more than 40 airports run by French group Vinci (SGEF.PA) can recover from the coronavirus crisis depends on whether passengers feel safe enough to travel, the head of the company's airports business Nicolas Notebaert said on Monday.
LISBON Negotiations between Portugal and Britain on an "air bridge" that would allow British tourists to dodge a mandatory COVID-19 quarantine upon returning home are still in progress and going well, Prime Minister Antonio Costa said on Monday.