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A Portugal court rejected four out of nine contested austerity measures from this year's budget in a ruling that deals a blow to government finances, but is unlikely to derail the bailed-out country's reforms.
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LISBON, April 5- Portugal's constitutional court on Friday rejected four out of nine contested austerity measures in this year's budget in a ruling that deals a blow to government finances but is unlikely to derail reforms two years after the country's bailout.
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A Portugal court rejected four out of nine contested austerity measures from this year's budget in a ruling that deals a blow to government finances, but is unlikely to derail the bailed-out country's reforms.
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LISBON, April 5- Portugal's constitutional court on Friday rejected four out of nine contested austerity measures from this year's budget in a ruling that deals a blow to government finances, but is unlikely to derail the bailed-out country's reforms.
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LISBON, April 5- Portugal's constitutional court on Friday rejected four out of nine contested austerity measures from this year's budget in a ruling that deals a blow to government finances, but is unlikely to derail the bailed-out country's reforms.
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*Lew goes to Belgium, France and Germany for first official trip. Treasury Secretary Jack Lew will discuss ways Europe can rebalance its demand to help grow the economy during a trip to the continent next week, a senior U.S. official said on Friday.
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*Freeh has prepared lawsuit vs MF Global former executives. *Corzine puts blame on those outside MF Global. April 4- The "negligent conduct" of Jon Corzine and other officers of the MF Global Holdings Ltd brokerage contributed to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.
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MADRID, April 4- When a corruption scandal hit Spain's ruling party earlier this year, attention turned to the Accounts Tribunal, an obscure body that audits public spending.
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April 4- The "negligent conduct" of Jon Corzine and other officers of the MF Global Holdings Ltd brokerage contributed to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.
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April 4- Jon Corzine's aggressive bets on European sovereign debt while head of the MF Global Holdings Ltd brokerage led to the firm's dramatic collapse in 2011, according to a report by the bankruptcy trustee.
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But with persistent recession across Europe and high levels of youth unemployment and long-term joblessness, signs that growth is picking up may offer little cheer.
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There's good reason to short bank stocks, Newedge's Larry McDonald says.
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*Portugal faces stiff competition for foreign investment. TORRES VEDRAS, Portugal, April 1- For Portugal to succeed in ambitions to reindustrialise its shrinking, debt-laden economy, it will not be down to the revival of mass manufacturing but to the sprouting of high-tech start-ups such as UAVision.
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*Slovenia does not need to go to bond market now. LJUBLJANA, March 29- Slovenia will not be the next euro member to need a financial rescue as it can afford to wait for lower borrowing costs before issuing new debt, its top economic official said on Friday.
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*Slovenia does not need to go to bond market now. LJUBLJANA, March 29- Slovenia will not be the next euro member to need a financial rescue as it can afford to wait for lower borrowing costs before issuing new debt, its top economic official said on Friday.
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Cyprus may be a "special case" in the eyes of European officials, but their handling of its bailout is taking a toll on another small euro zone member with an over-burdened banking sector- Slovenia.
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*Cyprus saved for now, but at what cost? NICOSIA, March 28- Christakis Petsas counts the cost of the turmoil in Cyprus in terms of cars- 40 of them, stuck at the port in the coastal town of Limassol and costing him 800 euros a day in lost earnings.
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NICOSIA, March 28- Cyprus conceded on Thursday that tight capital controls would remain in force longer than expected as the island's banks reopened for the first time after the government was forced to accept a tough EU rescue package to avoid bankruptcy.
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LONDON, March 28- Cyprus may be a "special case" in the eyes of European officials, but their handling of its bailout is taking a toll on another small euro zone member with an over-burdened banking sector- Slovenia.
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LISBON, March 28- Portugal is facing a potential political crisis if its constitutional court rejects government austerity measures, risking more euro zone turmoil on top of the Cyprus bailout this month.
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NICOSIA, March 28- Cypriots queued calmly at banks as they reopened on Thursday under tight controls imposed on transactions to prevent a run on deposits after the government was forced to accept a stringent EU rescue package to avert bankruptcy.