Portugal Holds Local Elections as Deeper Spending Cuts Approach

Portugal holds local elections on Sunday, two weeks before the government hands in a budget proposal for 2014 that will include new spending cuts.

Euro Stability in the Face of Financial Trouble a Sign of Strength?

The euro has suffered through more than its fair share of fundamental threats through the past weeks; and yet, the currency has managed to maintain an impressive strength.

Portugal warns of deficit target miss

LISBON: Portugal may request a third revision to deficit targets agreed with EU-IMF creditors as part of its 78-billion euro international bailout, Prime Minster Pedro Passos Coelho warned Friday.

Spain, Portugal push for full banking union as Germany finds hurdles

(Reuters) - Spain and Portugal called on Monday for the euro zone to complete a banking union as Germany underscored legal hurdles before a central element of the plan to deal with failing banks can be introduced.