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  • *Greece says can overcome immediate funding crunch. MADRID/ ATHENS, March 2- Euro zone countries are discussing a third bailout for Greece worth 30 billion to 50 billion euros, Spain's economy minister said on Monday, but EU officials said there were no such talks. Speaking at an event in Pamplona, northern Spain, Economy Minister Luis de Guindos said the new rescue...

  • DUBLIN/ MADRID, March 2- Europe's tough treatment of Greece's new government has eased some immediate anti-austerity pressure in Ireland and Spain, but it may take a lot more than that to put Dublin and Madrid's ruling parties' re-election prospects back on track. They both toed the line with Germany in demanding that Greece stick to its bailout commitments- a...

  • ATHENS/ MADRID, March 1- Spain's centre-right Prime Minister Mariano Rajoy hit back on Sunday against accusations from Greece's leftist premier that Spain and Portugal had led a conservative conspiracy to topple his anti-austerity government. Greek Prime Minister Alexis Tsipras said Spain and Portugal had taken a hard line in talks on the euro zone...

  • Greek PM accuses Spain, Portugal of anti-Athens "axis" Saturday, 28 Feb 2015 | 8:26 AM ET

    *Spain, Portugal leading "axis of powers" against Athens-PM. ATHENS, Feb 28- Greece's leftist Prime Minister Alexis Tsipras accused Spain and Portugal on Saturday of leading a conservative conspiracy to topple his anti-austerity government, saying they feared their own radical forces before elections this year. "We found opposing us an axis of powers... led by the...

  • LONDON, Feb 24- Portugal's government debt market is likely to benefit more than any other in the euro zone from the European Central Bank's bond-buying programme that starts next month. While Portugal's total debt is one of the highest in the bloc, having been bailed out by the International Monetary Fund and the European Union during the debt crisis, its stock...

  • Beijing's glare deepens crisis in Macau Wednesday, 18 Feb 2015 | 4:00 PM ET

    *VIPs avoid Macau during Beijing corruption crackdown. *60-70 percent of Macau casino revenues from high rollers. MACAU/ ZHUHAI, China, Feb 19- China's crackdown on corruption and conspicuous consumption is ever more visible in its impact on Macau, the world's biggest gambling hub, which makes most of its money from the high rollers who are staying away to avoid...

  • Post-bailout Portugal shrugs off Greek contagion risks Thursday, 12 Feb 2015 | 6:46 AM ET

    *Portugal has differentiated itself from Greece. *No Syriza or Podemos in Portugal. LISBON, Feb 12- Portugal has largely assuaged fears it is the euro zone's weakest link after Greece, although it could still be stung if a confrontation between the left-wing government in Athens and European creditors ends in "Grexit."

  • Portugal sold 1.25 billion euros in 10- year bonds at record low auction yields. "Portugal did a great job decoupling itself from Greece," said Jean-Francois Robin, head of rates strategy at Natixis. "The macroeconomic situation, the debt sustainability in Portugal doesn't deserve comparison with Greece.

  • Portugal sold 1.25 billion euros in 10- year bonds at record low auction yields. "Portugal did a great job decoupling itself from Greece," said Jean-Francois Robin, head of rates strategy at Natixis. "The macroeconomic situation, the debt sustainability in Portugal doesn't deserve comparison with Greece.

  • ATHENS/ BRUSSELS, Feb 6- Greece's new leftist-led government, isolated in the euro zone and under pressure from the European Central Bank, said on Friday it wanted no more bailout money with strings attached from the European Union and International Monetary Fund. The official said Greece was in effect asking for a "bridge agreement" to keep state finances...

  • WRAPUP 1-Isolated Greece rejects bailout extension Friday, 6 Feb 2015 | 10:45 AM ET

    *Greece said to want "bridge agreement" on finances. *Crunch meetings on Greece next week. Varoufakis returned empty-handed from a tour of European capitals in which even left-leaning governments in France and Italy insisted Greece must stick to commitments made to the European Union and International Monetary Fund and rejected any debt write-off.

  • LISBON, Feb 6- Portugal went through years of tough austerity which is now bearing fruit and Greece too must abide by its commitments to its single currency partners and creditors, Portugal's economy minister told the Reuters Euro Zone Summit. Antonio Pires de Lima ruled out any kind of debt renegotiation for Greece, saying Athens had to play by the rules of the...

  • Jan 15- The European Central Bank will almost certainly embark on a sovereign bond purchase program, and possibly announce one as soon as next week, according to economists in a Reuters poll. After exhausting almost every other policy tool- interest rates are rock-bottom, banks have been flooded with cheap cash and financial securities snapped up- buying...

  • BRUSSELS, Jan 15- The following is the text of a discussion paper sent by EU foreign policy chief Federica Mogherini to the 28 members of the European Union, spelling out options for future relations with Russia. In this context the question arises whether to complement that policy with a more proactive approach in order to induce a policy change from Russia.

  • LISBON, Jan 15- The future buyer or buyers of Portugal's flag carrier TAP will be barred from laying off workers en masse as long as the state remains a shareholder, the government said on Thursday. At a cabinet meeting on Thursday, the government approved a prospectus with conditions for TAP privatisation, which also include preserving TAP's status as the...

  • BRUSSELS, Jan 14- European Union foreign policy chief Federica Mogherini has suggested EU states could re-engage with Russia on global diplomacy, trade and other issues in return for gradual steps to defuse the crisis over Ukraine. Lamenting "negative spillover" from Ukraine into many areas of cooperation with Russia, and noting recent EU threats to step up...

  • Why this Greek drama won't be like the last one Monday, 5 Jan 2015 | 1:44 PM ET
    Pensioners receive free food as part of a protest during a nightlong rally in Athens, Dec. 10, 2014.

    Get ready for another Greek debt crisis in Europe. But don't worry——this one will be different.

  • Surprise! This country is shaking up the wine world Monday, 15 Dec 2014 | 11:26 AM ET
    Portugal's Douro Valley

    In a region known for port, winemakers along the Douro Valley are taking top prizes for reds and whites, Global Post reports.

  • LISBON, Dec 12- Portugal Telecom SGPS has called a general shareholder meeting on Jan. 12 to vote on telecoms group Altice's planned acquisition of Portuguese operations from Brazil's Oi for 7.4 billion euros. PT SGPS now has no assets other than the stake in Oi and 900 million euros in defaulted debt by a bankrupt holding company of the Espirito Santo family.

  • LISBON, Dec 5- Telecoms group Altice's plan to buy the Portuguese operations of Brazil's Oi for 7.4 billion euros depends on winning the backing of shareholders in Portugal Telecom SGPS, the holding company which owns 25.6 percent of Oi, a spokesman for Portugal Telecom said. Lisbon- listed Portugal Telecom SGPS is the target of a 1.2 billion-euro takeover offer...