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The loan deal Portugal negotiated with the EU and the IMF in May 2011.

09/27/2010

The terms of the loan deal and the problems negotiators faced in coming up with a deal that will give Portugal the breathing space to it needs. The economy is expected to contract 2% in 2011, and 2% in 2012. As a result the defict as a percentage of GDP target of 3% was set for the third year in the three year program, instead of earlier as originally planned. The IMF loan interest rate was set at 3.25% for the first 2 years. Portugal's weakness in competitiveness and in its educational system means Portugal badly needs this breathing space.

Grouped Articles

Portugal's Government Thrust Into Turmoil

Wall Street Journal 07.03.2013

Lisbon Cabinet Shuffle Buoys Junior Coalition Party Leader

Wall Street Journal 07.08.2013

Portugal’s President Calls for Early Elections

New York Times 07.11.2013

Portugal Unveils Toughest Austerity Budget Yet

Wall Street Journal 10.16.2013

Economic Report Supports Socialists’ Policy in Portugal

New York Times 09.27.2010

Portugal's public finances: The apology of Sócrates

Economist 10.23.2010

Buoyed by Exports, Portugal Chooses Clean Exit From Bailout

New York Times 05.04.2014

Bailout Is Over for Portugal, but Side Effects Will Linger

New York Times 05.05.2014

Government Sees Deep Recession Ahead for Portugal

New York Times 05.05.2011

Portugal's bail-out: Sócrate's poison

Economist 05.07.2011

Deep in crisis, Portugal tries to transform - The Washington Post

Washington Post 05.23.2011

Portugal Decisively Ends Leftist Rule

Wall Street Journal 06.06.2011

Portugal's election: A grim inheritance

Economist 06.11.2011

Portugal Deficit Much Higher Than Forecast

Wall Street Journal 06.30.2011

Moody’s Cuts Portugal’s Debt to Junk Rating

New York Times 07.05.2011

Ratings Gag Is No Joking Matter

Wall Street Journal 07.12.2011

The Euro Crisis: Big Rescue, Big Doubts

BusinessWeek 07.28.2011

Portugal Faces Challenges in Meeting Bailout Terms

New York Times 08.09.2011

Portugal Gets Endorsement for Bailout Plan

Wall Street Journal 08.13.2011

Angola and Portugal: Role reversal

Economist 09.03.2011

Portugal Downgrades 2012 Economy Outlook

Wall Street Journal 09.24.2011

Next Port of Call for Crisis in Euro Zone

Wall Street Journal 10.19.2011

Problems in Ireland and Portugal Pose Broader Risks

Wall Street Journal 11.25.2011

Euro Zone Agrees to New IMF Loans

Wall Street Journal 12.20.2011

Fears Mount That Portugal Will Need a Second Bailout

Wall Street Journal 01.24.2012

Lisbon Losing Control of Financial Destiny

Wall Street Journal 01.31.2012

As Talks in Greece Continue, Investors Now Worry About Portugal

New York Times 02.01.2012

Portugal’s Debt Efforts May Be a Warning for Greece

New York Times 02.14.2012

Portugal Needs the Luck of the Irish

Wall Street Journal 02.29.2012

Portugal May Need a Plan B

Wall Street Journal 03.20.2012

For Portugal, Moment of Truth Nears

Wall Street Journal 03.29.2012

Court Ruling Disrupts Portuguese Bailout Plan

Wall Street Journal 07.07.2012

Portugal's Outlook Dims, OECD Says

Wall Street Journal 07.26.2012

Portugal Says It Will Bail Out Azores Region

Wall Street Journal 08.20.2012

Pension Uproar Sours Portugal's Recovery

Wall Street Journal 09.23.2012

Portugal Gears Up for Tax Increases

Wall Street Journal 09.24.2012

Budget U-Turn Scuttles Portugal Plans

Wall Street Journal 09.25.2012

IMF Says Greece Needs More Time

Wall Street Journal 10.12.2012

Portugal Advances Unpopular Budget Plan

Wall Street Journal 11.01.2012

Merkel Vows Support for Portugal

New York Times 11.12.2012

Portugal Is Next Nation in European Union's €˜Debt Trap

New York Times 04.08.2011

Portugal to Seek New Bailout Terms

Wall Street Journal 03.04.2013

Portugal Court Strikes Down Austerity Measures

Wall Street Journal 04.07.2013


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