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bufordbnxy   , 79

from West New York


Portugal bond yields fall as government vows to stick to bailout

Its a boy. Pope Francis arrives in Brazil on 1st international visit Portugal finance minister unveils enormous tax 15/10/2012 21:33 CET Crisis talks between Portugals three main political parties have broken down, raising doubts about the countrys international bailout programme. The Portugese President Anibal Cavaco Silva has been pushing for the Socialist Party (PS) to join the ruling parties the Social Democratic Party (PSD) and the Democratic and Social Centre (CDS) to form a National Salvation pact and ensure the bailout stays on track. PS leader Antonio Jose Seguro said negotiations had failed because the governing coalition had rejected most of his partys proposals. This week we did all we could to find realistic solutions to the serious problems of the Portuguese, of families and businesses. Even so, the PSD and the CDS failed to commit to a National Salvation pact, Seguro told reporters.
More: http://www.euronews.com/2013/07/20/portugal-political-crisis-no-end-in-sight

The coalition government still has a majority in the parliament as long as it stays united, in which case it should be able to stay in power through mid-2015 when its 4-year term comes to an end," analysts at Barclays said in a morning note. (Read More: Portugal ruling party vows to meet bailout goals ) However fears remain that the ruling coalition will have limited powers to push through 4.7 billion euros ($6.17 billion) in additional spending cuts and austerity measures to keep the country's bailout on track until mid-2014 when Portugal was expected to exit the program. "We cannot correct, just in two years, some imbalances that were lasting for decades. We need more time in order to have correct consolidation on the fiscal front," Miguel Frasquilho, a member of the ruling Social Democratic Party, told CNBC on Monday. Frasquilho also said see here that while Portugal would continue with its austerity program, it must also boost growth.
More: http://www.cnbc.com/id/100902371


clicking here Portugal PM vows to complete bailout, rebuild confidence

Credit: Reuters/Hugo Correia LISBON | Mon Jul 22, 2013 8:23pm IST LISBON (Reuters) - Portugal's prime minister said on Monday the country needs to rebuild confidence dented by this month's http://osbornearkl.wordpressy.pl/?p=15 political crisis and pledged to stick to the timetable agreed with the international lenders for Lisbon's exit from its bailout by mid-2014. In his first speech after the president ruled out a snap election and told the government to stay and finish its term until 2015, premier Pedro Passos Coelho said the austerity course and profound reforms had to continue as they were dictated by the country's difficult circumstances. "We will rebuild the confidence without raising any doubts about the process we are carrying out, saying 'yes, we want to complete the assistance program on the agreed date'," he said. (Reporting By Andrei Khalip and Daniel Alvarenga, editing by Shrikesh Laxmidas) Tweet this
More: http://in.reuters.com/article/2013/07/22/us-portugal-crisis-premier-idINBRE96L0CI20130722