Cousins of indebted ex-banker sought… to pay €38 million fine
In one of the most surreal news stories of the day Público suggests that the Public Prosecutors Office and the State are actually “looking for the cousins of João Rendeiro
Portugal could double income in a decade
Former banker António Horta Osório says Portugal could “double its income” in 10 years if it managed to set aside party political differences and define a broad consensus. The former
Banks urge struggling clients to negotiate now
Banks are reaching out to individual customers as recession fears loom Portugal’s banks are urging clients who may already be in difficulties or anticipate cashflow or loan repayment problem in
New diploma on ‘renegotiation of mortgages’ does not stipulate age
Opens door to over-70s being able to revise repayment terms With families everywhere faced with higher monthly mortgage payments due to increasing interest rates, the government’s new ‘draft law’, published
Portugal is second country in eurozone where it really doesn’t pay to have money on deposit…
Interest rates are rising. In theory anyone with any money on deposit should start seeing this ‘increase’ accordingly – but not in Portugal. Portugal remains stolidly the second country in
Portugal’s PM to sue former central bank governor
António Costa takes exception to comments in new book Portugal’s prime minister António Costa is reported to be ‘suing’ former central bank governor Carlos Costa (no relation) over comments the
State admits banks in Portugal acted as cartel
Attempts by various banks operating in Portugal to dodge significant fines handed out by the Competitions Authority (AdC) may well hit the buffers as it is reported that the Portuguese
Marcelo says ECB should rethink jumbo hikes in interest rates
Portugal’s head of State Marcelo Rebelo de Sousa has said that, in his opinion, the ECB (European Central Bank) should reconsider the “galloping rise in interest rates” by the end
Banks “must renegotiate mortgages when interest rates exceed stress tests”
PM António Costa has announced the next Council of Ministers will approve a law forcing banks to renegotiate mortgage contracts when interest rates “rise beyond the ‘stress’ test to which
Left Bloc warns of ‘enormous risk’ of ‘hoping banks will come up with solution for mortgage increases’
Catarina Martins speaks on day marked by political ‘groundhog’ announcements On yet another day where the government re-releases policies it has announced previously, as if somehow they are new, Bloco