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Pedro Manuel Mamede Passos Coelho

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  • Portugal looks for speedy sale after Novo Banco reshuffle

    LISBON (Reuters) - Portuguese Prime Minister Pedro Passos Coelho stood by government policy toward the remains of failed Banco Espirito Santo (BES) on Monday, saying a quick sale of its successor Novo Banco was necessary to avoid further risks.
  • EU regulators expect Novo Banco sale to proceed as agreed

    BRUSSELS (Reuters) - European Union state aid regulators expect Portugal to sell Novo Banco, the successor to troubled Banco Espirito Santo (BES) , in line with a pledge made in return for regulatory approval of its 4.9-billion-euro state bailout. "There...

    Special Report: The billion-dollar fall of the house of Espirito Santo

    LISBON (Reuters) - On June 9, with his 150-year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. Salgado signed two letters to Venezuela's state oil company, which had...

    After painful cuts, Portugal set to exit Eurozone bailout

    After painful cuts, Portugal set to exit Eurozone bailout
    Three years after it was forced to seek a humiliating international rescue, Portugal is set to become the latest Eurozone country Saturday to exit its bailout program and regain control of its finances amid a halting economic recovery. At the order of...

    Eurozone unemployment figures hit a new high

    Europe’s economic gloom deepened Wednesday on the back of news that unemployment in the 17-nation Eurozone hit another record high in September as the region’s debt crisis continued to sap the confidence of business owners, investors and...