Titoli di Stato area Euro PORTOGALLO Operativo titoli di stato
- Creatore Discussione lorixnt2
- Data di Inizio
tommy271
Forumer storico
Portugal PM: Too Soon To Talk About Post-Bailout Financial Aid
PARIS (MNI) - Portugal is monitoring Ireland's talks on possible post-bailout financial support, but it is too soon to speculate on plans for the end of its program next June, Portuguese Prime Minister Pedro Passos Coelho said Wednesday.
"Our objective comply with the adjustment program and get back to the markets," Passos Coelho told journalists in Brussels following a meeting with European Commission President Jose Manuel Barroso. "We can't talk about what will happen at the end of the program," he said. "We are not there yet."
Noting that Ireland has been in talks to determine whether it should request a precautionary credit line for when it returns to the markets, Passos Coelho said "we are monitoring discussions between Ireland and the Troika because those developments may well help us when our time comes to do the same, but that time is not now."
Portugal bond yields fell sharply on Wednesday amid what traders said were hopes for a European Central Bank rate cut or other easing move. Yields on 10-year government bonds fell 22 basis points to 5.91%, the first drop below 6% since June.
Passos Coelho took note of the drop, commenting that Portugal had finally broken the "sound barrier" of 6%.
Barroso, a former Portuguese prime minister, urged Portugal to stick to the terms of bailout despite rising political and social tensions. Less than a year before the end of the program, he said "we can't risk it all now."
PARIS (MNI) - Portugal is monitoring Ireland's talks on possible post-bailout financial support, but it is too soon to speculate on plans for the end of its program next June, Portuguese Prime Minister Pedro Passos Coelho said Wednesday.
"Our objective comply with the adjustment program and get back to the markets," Passos Coelho told journalists in Brussels following a meeting with European Commission President Jose Manuel Barroso. "We can't talk about what will happen at the end of the program," he said. "We are not there yet."
Noting that Ireland has been in talks to determine whether it should request a precautionary credit line for when it returns to the markets, Passos Coelho said "we are monitoring discussions between Ireland and the Troika because those developments may well help us when our time comes to do the same, but that time is not now."
Portugal bond yields fell sharply on Wednesday amid what traders said were hopes for a European Central Bank rate cut or other easing move. Yields on 10-year government bonds fell 22 basis points to 5.91%, the first drop below 6% since June.
Passos Coelho took note of the drop, commenting that Portugal had finally broken the "sound barrier" of 6%.
Barroso, a former Portuguese prime minister, urged Portugal to stick to the terms of bailout despite rising political and social tensions. Less than a year before the end of the program, he said "we can't risk it all now."
SempreFranco
Nuovo forumer
Qualcuno conosce le ragioni del brusco calo odierno dei bond ( stanno perdendo 1 figura, circa 1,20% dopo partenza ben intonata).Sui siti portoghesi non trovo nulla; e' presa d profitto o.....?
tommy271
Forumer storico
Aveva anche recuperato molto nei giorni scorsi ... segue i movimenti della Grecia.
SempreFranco
Nuovo forumer
Si ho visto che viaggiano in parallelo; quindi e' uno storno fisiologico...
tommy271
Forumer storico
E' da un pò di tempo che i movimenti dello spread sono piuttosto simili, anche se la Grecia ha ristretto sul Portogallo.
Comunque sembrerebbe un sell su good news ... luce verde alla tranche e miglioramento dell'outlook di Moodys da negativo a stabile.
tommy271
Forumer storico
IMF gives Portugal next aid tranche, warns of risks
WASHINGTON Fri Nov 8, 2013 11:28pm GMT
(Reuters) - The International Monetary Fund said Portugal was on track with the conditions of its bailout program and gave the indebted euro zone country another 1.9 billion euros ($2.5 billion).
The board also waived certain conditions Portugal was supposed to meet by the end of September because the IMF's board did not have access to all the needed data when they met, the IMF said in a statement on Friday without giving details.
Portugal's prime minister said this week the country was determined to conclude its 78 billion euro bailout as scheduled in June 2014 and return to financing itself in debt markets, instead of relying on international lenders, the IMF and European Union.
Portugal exited its worst recession since the 1970s in the second quarter of this year, when the economy expanded 1.1 percent quarter on quarter, and the government expects continued growth for the rest of the year.
The IMF said there are still risks Portugal may not be able to finance itself in markets. It called on the government to continue its austerity policies.
"Continued strong commitment to the program and political cohesion are therefore critical to strengthen the recovery and regain full market access," Nemat Shafik, a deputy managing director at the IMF, said in a statement.
However, the IMF said the country's success in pulling itself out of its crisis also depends on the commitment of the euro zone currency bloc as a whole.
The IMF also called on Portugal to intensify its efforts to restructure banks to help them deal with a pile of corporate
debt.
Analysts are questioning whether Lisbon can stabilize its debts without further help. Portuguese central bank chief Carlos Costa said last week that the fact Portuguese banks still faced unsustainably high borrowing costs on mainstream markets showed the country needed to do more.
($1 = 0.7491 euros)
(Reporting by Anna Yukhananov; Editing by James Dalgleish and Andrew Hay)
WASHINGTON Fri Nov 8, 2013 11:28pm GMT
(Reuters) - The International Monetary Fund said Portugal was on track with the conditions of its bailout program and gave the indebted euro zone country another 1.9 billion euros ($2.5 billion).
The board also waived certain conditions Portugal was supposed to meet by the end of September because the IMF's board did not have access to all the needed data when they met, the IMF said in a statement on Friday without giving details.
Portugal's prime minister said this week the country was determined to conclude its 78 billion euro bailout as scheduled in June 2014 and return to financing itself in debt markets, instead of relying on international lenders, the IMF and European Union.
The IMF said there are still risks Portugal may not be able to finance itself in markets. It called on the government to continue its austerity policies.
"Continued strong commitment to the program and political cohesion are therefore critical to strengthen the recovery and regain full market access," Nemat Shafik, a deputy managing director at the IMF, said in a statement.
However, the IMF said the country's success in pulling itself out of its crisis also depends on the commitment of the euro zone currency bloc as a whole.
The IMF also called on Portugal to intensify its efforts to restructure banks to help them deal with a pile of corporate
debt.Analysts are questioning whether Lisbon can stabilize its debts without further help. Portuguese central bank chief Carlos Costa said last week that the fact Portuguese banks still faced unsustainably high borrowing costs on mainstream markets showed the country needed to do more.
($1 = 0.7491 euros)
(Reporting by Anna Yukhananov; Editing by James Dalgleish and Andrew Hay)
C.Bonacieux
Forumer attivo
IMF gives Portugal next aid tranche, warns of risks
WASHINGTON Fri Nov 8, 2013 11:28pm GMT
(Reuters) - The International Monetary Fund said Portugal was on track with the conditions of its bailout program and gave the indebted euro zone country another 1.9 billion euros ($2.5 billion).
The board also waived certain conditions Portugal was supposed to meet by the end of September because the IMF's board did not have access to all the needed data when they met, the IMF said in a statement on Friday without giving details.
Portugal's prime minister said this week the country was determined to conclude its 78 billion euro bailout as scheduled in June 2014 and return to financing itself in debt markets, instead of relying on international lenders, the IMF and European Union.
Portugal exited its worst recession since the 1970s in the second quarter of this year, when the economy expanded 1.1 percent quarter on quarter, and the government expects continued growth for the rest of the year.
The IMF said there are still risks Portugal may not be able to finance itself in markets. It called on the government to continue its austerity policies.
"Continued strong commitment to the program and political cohesion are therefore critical to strengthen the recovery and regain full market access," Nemat Shafik, a deputy managing director at the IMF, said in a statement.
However, the IMF said the country's success in pulling itself out of its crisis also depends on the commitment of the euro zone currency bloc as a whole.
The IMF also called on Portugal to intensify its efforts to restructure banks to help them deal with a pile of corporate
Analysts are questioning whether Lisbon can stabilize its debts without further help. Portuguese central bank chief Carlos Costa said last week that the fact Portuguese banks still faced unsustainably high borrowing costs on mainstream markets showed the country needed to do more.
($1 = 0.7491 euros)
(Reporting by Anna Yukhananov; Editing by James Dalgleish and Andrew Hay)
tommy271
Forumer storico
Moody's Lifts Portugal Outlook
By Dow Jones Business News,
November 08, 2013, 05:15:00 PM EDT
Moody's Investors Service raised its outlook on Portugal's ratings, touting the European nation's slowly improving economic outlook as exports grow while a very high unemployment rate declines.
The ratings firm's rosier outlook, which was lifted to stable from negative and thus lessens the near-term likelihood of a downgrade, comes as Portugal's economy shows signs of stabilization after nearly three years of recession.
Moody's expects moderate but positive gross-domestic-product growth of 0.7% in 2014. Unemployment, meanwhile, has started to decline over the past few months and stood at 16.3% in September, down from the peak of 17.7% in January.
While Moody's said a key aspect of Portugal's success will be the ability to export to markets outside the European Union, a recovery in Spain, as well as the euro area as a whole, also will help the nation.
Moody's rating on Portugal stands at Ba3, which is three levels into junk. Fitch Ratings affirmed its view on Portugal last month, while Standard & Poor's Ratings Services took a more bearish stance when it put the country's ratings on watch for possible downgrade in September.
Portugal has shown some recent, albeit modest, signs of improvement. Gross domestic product in the second quarter grew 1.1%, according to the national statistics agency. The deficit stood at 4.1% of GDP.
Write to John Kell at [email protected]
Read more: Moody's Lifts Portugal Outlook - NASDAQ.com
By Dow Jones Business News,
November 08, 2013, 05:15:00 PM EDT
Moody's Investors Service raised its outlook on Portugal's ratings, touting the European nation's slowly improving economic outlook as exports grow while a very high unemployment rate declines.
The ratings firm's rosier outlook, which was lifted to stable from negative and thus lessens the near-term likelihood of a downgrade, comes as Portugal's economy shows signs of stabilization after nearly three years of recession.
Moody's expects moderate but positive gross-domestic-product growth of 0.7% in 2014. Unemployment, meanwhile, has started to decline over the past few months and stood at 16.3% in September, down from the peak of 17.7% in January.
While Moody's said a key aspect of Portugal's success will be the ability to export to markets outside the European Union, a recovery in Spain, as well as the euro area as a whole, also will help the nation.
Moody's rating on Portugal stands at Ba3, which is three levels into junk. Fitch Ratings affirmed its view on Portugal last month, while Standard & Poor's Ratings Services took a more bearish stance when it put the country's ratings on watch for possible downgrade in September.
Portugal has shown some recent, albeit modest, signs of improvement. Gross domestic product in the second quarter grew 1.1%, according to the national statistics agency. The deficit stood at 4.1% of GDP.
Write to John Kell at [email protected]
Read more: Moody's Lifts Portugal Outlook - NASDAQ.com
C.Bonacieux
Forumer attivo
fra dati macro e outlook, lunedì dovrebbero salire
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