Portuguese reject govt call to work on Carnaval
LISBON, Portugal (AP) — Portuguese workers issued a spontaneous “Ja chega!” — “That’s enough!” — to the government Tuesday, rejecting its appeal to stay at their jobs during Carnaval, one of their most beloved holidays.
Elaborate costumes, scary masks
Greek bailout wards off disaster _ for now
BRUSSELS (AP) — A second, €130 billion ($172 billion) bailout and a deep debt write-off for financially stricken Greece will ward off a financial disaster in Europe.
Economists, however, only give the deal a slim chance of putting the country
Bailed-out Portugal’s jobless rate hits new record
LISBON, Portugal (AP) — Portugal’s jobless rate jumped to a record 14 percent at the end of last year, the national statistics agency reported Thursday in the latest grim sign of the bailed-out country’s worsening economic problems.
The unemployment rate
EU probing trade, debt imbalances among members
FRANKFURT, Germany (AP) — The European Union said Tuesday it is looking more deeply into the economies of 12 of its 27 member states to check whether they have excessive debt, trade deficits or business costs.
Economists say such imbalances
Eurozone has one foot in recession
LONDON (AP) — The 17-nation eurozone has one foot in recession, according to official figures showing the economy contracted 0.3 percent in the final three months of 2011 from the previous quarter, a clear sign that Europe’s debt crisis has
Iran halts oil to Portugal, five other EU nations
Oil rose to near $102 a barrel on Wednesday after Iran announced it would stop crude exports to six European countries and investors were heartened from positive developments in Europe’s sovereign debt crisis.
Iranian state TV said Wednesday that Tehran
Portugal records double-dip recession in 2011
LISBON, Portugal (AP) — Portugal’s economy contracted by 1.5 percent last year, pitching it into a double-dip recession amid an acute financial crisis, the country’s statistics agency reports.
Portugal needed a €78 billion ($103 billion) bailout last year to avoid
Portugal wins German support for bailout changes
LISBON, Portugal (AP) — Portugal’s attempts to get some breathing space in its austerity and reform program appears to have won the support of Germany’s finance minister.
Portugal’s promises to introduce a raft of tax hikes, pay cuts and other
Debt crisis threatens slow death for Portugal
LISBON, Portugal (AP) — In a six-room Lisbon office where until last year more than a dozen people worked, engineer Joao Paulo Lopes sits alone in silence amid dark computer screens, patiently waiting for a bankruptcy lawyer to shut the
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