Madeira Debts Add To Portuguese Concerns

MILESTONES: PORTUGAL   By Matt Greco   With the government of Portugal announcing one austerity measure after another to meet IMF-imposed budgetary guidelines and as the rating agencies hack away at the credit-worthiness of the country’s financial institutions, new revelations ...

Trichet Exits From ECB

NEWSMAKERS: EUROPE   By Anita Hawser   At the press conference that followed the European Central Bank’s Governing Council meeting on October 6 in Berlin, few would have guessed that it was Jean-Claude Trichet’s last meeting as ECB president.   ...

Strong Investor Interest In Irish Bonds

MILESTONES: IRELAND   By Matt Greco   In Ireland each day’s financial developments seem to bring either a positive surprise or a mild disappointment.   Irish four- and eight-year bond sales in September generated the greatest one-day increase in price ...

Denmark Extends Claim In Arctic Seabed

MILESTONES: ARCTIC   By Paula L. Green   The Danish government is embarking on a precarious high-wire act as it presents an Arctic seabed claim to the UN Commission on the Limits of the Continental Shelf.   Danish Arctic claims clash with ...

Country Report: Spain

UPHILL BATTLE   By Antonio Guerrero   Spanish banks are struggling to regain momentum in the face of a sluggish economy and the need for further restructuring.   Three years after Spain’s decade-long real estate bubble burst, the country’s banks ...

LSE’s Rolet Between A Rock And A Hard Place

NEWSMAKERS: UNITED KINGDOM   By Anita Hawser   Xavier Rolet, the London Stock Exchange’s CEO, must have breathed a sigh of relief when the European Commission announced in early August that it would investigate the proposed merger between Deutsche Börse ...

Country Report: Portugal

Light At The End Of The Tunnel   By Vanessa Drucker   Portugal’s new political leaders have a plan to dig their country out of its deep fiscal hole.   Portugal is about to receive a dose of strong medicine. ...