Portugal

How a unilateral Greek default and Grexit would affect politics, policy, and the citizens' psychology elsewhere in Europe.

His belief that the European partners want Greece to remain part of the single currency while following Eurozone's rules expressed Portuguese Deputy Prime Minister Paulo Portas. "Everybody wants Greece in the euro. Europe has rules and guidelines. It is...

Latest data published by the Organization for Economic Co-operation and Development (OECD) regarding the average European citizens’ working hours, reversed the unflattering stereotype of the lazy Greeks, which the country’s ongoing economic crisis has left them with. Contrary to what...

European Commission President Jean-Claude Juncker said today that Athens should stop worrying about a "diabolical plan" cooked up by Spain and Portugal to topple the country's new leftist-led government. The statement came just a few hours after Greek Prime Minister...

  The Eurogroup decisions on Greece still apply and do not contain ambiguities, German Finance Ministry spokesman Martin Jaeger said on Monday. The spokesman said that every step in the implementation of the process agreed jointly with Athens will be carefully monitored. Referring...

Foreign Minister Nikos Kotzias underlined the geopolitical importance of Greece in the meeting of Med Group diplomats. Mr. Kotzias underlined that a possible Greek economic collapse would have negative results in the entire region. As he argued, Greece’s destabilization at...

His opinion that Europe has lost the necessary balance between the markets and state institutions expressed Former Greek Prime Minister Costas Simitis in an article published in Greek newspaper "Efimerida Ton Syntakton." As he highlighted, ever since the northern European...

Portugal is not a signatory to a possible Greek request for debt restructuring, clarified earlier today the country’s Prime Minister, Pedro Passos Coelho. Addressing the Portuguese Parliament, Coelho assured that he does not intent to participate in any team...

“Our people are suffering,” said the President of the Hellenic Republic Karolos Papoulias to the Prime Minister of Portugal Pedro Passos Coelho. “Greek people cannot take any more,” stressed the Greek President during the meeting with Coelho at the Presidential Mansion in...

Portugal and Greece have money set aside to recapitalize their banks if the European Central Bank (ECB) uncovers problems during its asset-quality review and stress test, European Stability Mechanism (ESM) chief Klaus Regling said, according to Bloomberg news agency. The...