April 13, 2013 |
DUBLIN - European Union finance ministers agreed Friday to grant Ireland and Portugal seven more years to pay their bailout loans, easing the burden on their economies and paving the way for a quicker return to sustainable growth. In their attempts to stabilize the economy of the 17 nations sharing the euro currency, the ministers also approved a 10 billion euro ($13 billion) loan package to stop Cyprus from sliding into bankruptcy. But the rescue comes at a heavy price for the Mediterranean island country.
March 4, 2013 |
LISBON, Portugal - Many thousands of demonstrators held marches in more than 20 cities in Portugal on Saturday to protest against government-imposed austerity measures aimed at lifting the ailing country out of recession. Tens of thousands of people filled a Lisbon boulevard leading to the Finance Ministry carrying placards saying "Screw the troika, we want our lives back. " The troika is a reference to the European Commission, the International Monetary Fund and the European Central Bank, the lenders behind the country's financial bailout.
July 15, 2012 |
I have never been good at making decisions. In fact, I think that may be one of the things I am worst at. I'm not sure, I can't decide. When people ask me where I want to eat or what I want to do, I get stressed, contort my face in different ways for a while, and eventually exasperatedly state, "I don't know, you decide. " So when I thought about planning a solo trip while studying abroad in London last year, I would normally have had a hard time deciding where to go. Luckily, my law-student budget made the decision for me, and I picked the place with the cheapest flight and hotels in December: Portugal.
June 29, 2012 |
Far from its best, Spain still advanced to another major final, beating Portugal, 4-2, in a penalty shootout in Donetsk, Ukraine, on Wednesday after a scoreless draw at the European Championship. Cesc Fabregas, who came on as a substitute in the second half of regulation time, scored the deciding penalty after Bruno Alves hit the crossbar for Portugal moments earlier. Spain, seeking its third straight major trophy after claiming titles at Euro 2008 and the 2010 World Cup, will next face either Germany or Italy on Sunday in Kiev.
June 22, 2012 |
Cristiano Ronaldo had it all on Thursday: the deft touches, the blazing runs with the ball, the sulking, the petulance - and, in the end, that golden scoring touch to send Portugal into the European Championship semifinals with a 1-0 win over the Czech Republic in Warsaw, Poland. After bouncing two earlier attempts off the post, Ronaldo scored on a powerful header in the 79th minute off a cross by Joao Moutinho - a shot straight at the ground and up past the flailing hands of Czech goalkeeper Petr Cech.
June 19, 2012 |
Germany advanced to the European Championship quarterfinals without playing brilliantly. But after grinding out its third straight victory with a 2-1 win over Denmark on Sunday in Lviv, Ukraine, Germany finished on top of a group that didn't end up being as dangerous as it looked on paper. World Cup finalist the Netherlands was a major disappointment, losing all three Group B matches. Cristiano Ronaldo found his form just in the nick of time to beat the Dutch, 2-1, and take Portugal to the quarterfinals as runner-up to Germany.
March 23, 2012
Judges: Ex-leader took payments DUBLIN, Ireland - Former Irish Prime Minister Bertie Ahern received at least $276,000 in secret payments while in office and repeatedly lied about it under oath, a mammoth fact-finding judicial investigation ruled Thursday. The three judges led by Justice Alan Mahon stopped short of finding Ahern guilty of corruption, because they couldn't prove that Ahern gave favors to any of his cash donors when he was finance minister in the 1990s. The judges did find two other former lawmakers in Ahern's Fianna Fail party guilty of corruption for soliciting payments from property developers for personal use. They also found 11 past and present 11 members of local councils guilty of the same offense.
March 1, 2012
LISBON - Portugal won't extradite American fugitive George Wright to the United States for crimes he committed four decades ago, after the U.S. ran out of possibilities to appeal the decision to let him stay, a Portuguese court official said yesterday. Portuguese police captured Wright, 68, in September. He had escaped from a New Jersey prison in 1970. He was jailed for 15-to-30 years for killing a gas-station attendant during a 1962 robbery in New Jersey. Senior Judge Luis Maria Vaz das Neves said that the U.S. would need to find other grounds for an extradition request, such as a crime committed more recently, to reopen the case.
January 5, 2012 |
LISBON, Portugal - Europe won modest respite from its debt crisis Wednesday as Germany and Portugal borrowed with relative ease ahead of a hazard-filled few weeks for the 17 nations that use the euro. But Greece's new prime minister warned that his debt-crippled country had only three months to come up with new reforms so his country could stay in the eurozone and avoid a potential default - a reminder of how the crisis can flare at any time. And the news that a major Italian bank had to offer an unexpectedly large discount to raise new capital showed just how wary investors are of Europe's shaky banks.
December 6, 2011
Lautenberg urges return of fugitive Sen. Frank Lautenberg (D., N.J.) urged the Portuguese government to return an American fugitive who escaped from a New Jersey prison in 1970 and spent more than 40 years on the lam before being captured in September in Portugal. Lautenberg said Monday that he sent a letter to Portugal's prime minister asking him to send George Wright, 68, back to the United States to serve the rest of his 15- to 30-year sentence for the 1962 killing of a gas station attendant in Wall Township, Monmouth County.