The trials and tribulations of the Greek economy have caused a few nervous glances to be cast in the direction of Portugal, with some observers worried that the country could face a similar debt crisis. However, the Portuguese government's late budget and four-year austerity programme have gone a long way to allaying such fears. Writer Peter Wise
Western Europe
Latest articles from Portugal
A reliable model for a risk-averse world
August 4, 2009Portugal's traditionally cautious approach to banking with a strong leaning towards public investment is being recognised by other countries as an effective, if temporary, approach during the current downturn. Writer Peter Wise
Weathering the storm
May 5, 2009Although not caught at the epicentre of the financial hurricane, the Portuguese economy's hopes of an upturn after four years of slow growth have been hit by the global recession. However, the country's trade links with Africa and Latin America and its lack of subprime exposure are giving some cause for optimism. Writer Peter Wise
Portuguese banks offer customers a safety net
May 5, 2009In the wake of the global financial crisis, Portugal's leading banks are focusing on improving relations with both corporate clients and individuals, as well as expanding overseas, as a means to boost their ailing profit margins. Writer Peter Wise
Easy credit blows away
October 6, 2008Portugal’s businesses have had to adjust to the financial climate change as the credit crunch makes itself felt, leaving simple funding a thing of the past. Writer Peter Wise.
An uphill climb for credit in Portugal
October 6, 2008Global jitters and the escalating cost of financing have forced Portuguese banks to drastically alter their credit model. Writer Peter Wise.
Record rights issue in turbulent times
July 1, 2008Millennium BCP exceeded expectations with a $1.3bn rights issue in April despite a cooling market and tough regulation, writes Edward Russell-Walling.
Covered bonds’ appeal grows
June 2, 2008A legal framework incorporating the best international practices of investor protection should pave the way for the success of Portuguese covered bonds.
Portugal: the ones to watch
May 5, 2008Peter Wise reports on the Portuguese firms that are making a name for themselves on the international stage.
Shoring up the defences
May 5, 2008Just as the dust was settling on the chaotic attempted takeover of Banco BPI by Millennium BCP, the global credit crunch came along. Peter Wise reports on a tumultuous 18 months for Portugal’s banking sector.
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