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Portugal in Race to Avoid Humiliation of EU Bailout

Portugal may be forced into a humiliating financial bailout after suffering a damaging downgrade to its credit rating, its prime minister has admitted…   read more»

Portugal hit by debt downgrade from ratings agency

Moody's has downgraded Portugal's sovereign debt rating, citing the country's need to cut debt and its poor growth prospects.…   read more»

Portugal buffeted by Greek budget storm

Portugal is under pressure to convince investors that its public finances are under control - a tough job for the Socialist government after the country's credit rating was downgraded.…   read more»

TAP Portugal swings to 2009 profit

TAP Portugal recorded a 2009 net profit of €59 million ($79 million), a sweeping reversal from the €209 million deficit incurred in 2008, crediting its change in fortunes to declining fuel prices, cost-cutting measures, a "selective" capacity reduction and a commercial policy that allowed it to minimize the fall in revenue.…   read more»

Portugal out of recession, but Finland sinks

Portugal joined the ranks of EU countries coming out of recession as official data today showed the economy returning to growth in the second quarter.…   read more»