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Germany Won’t Take Portugal’s EU Split
  + stars: | 2020-11-30 | by ( Walter Russell Mead | ) www.wsj.com + 0.97   time to read: 1 min
As European diplomats haggled over the threatened Polish and Hungarian vetoes that could block the Covid bailout plan so laboriously negotiated earlier in the year, Portugal’s Socialist Prime Minister António Costa took the occasion to propose a plan to shrink and simplify the European Union. To make Europe work, he says, the countries that genuinely care about European values need to slough off the unbelievers. The remnant would be a smaller but purer group of countries ready to build the kind of “ever deeper union” of which...
Persons: haggled, laboriously, António Costa Organizations: Portugal’s Socialist, European Union Locations: European
Portugal won't renege on Novo Banco commitments: finance minister
  + stars: | 2020-11-27 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
LISBON (Reuters) - Portugal’s finance minister said on Friday the state would comply with all its commitments related to Novo Banco after opposition parties blocked a 476 million euro ($567.53 million) capital injection for the lender next year. FILE PHOTO: A man walks near ATM machines of a Novo Banco branch in downtown Lisbon, Portugal April 10, 2018. “Portugal will meet, as it has always done, its commitments assumed regarding Novo Banco,” Leao said in a short statement sent to Reuters without providing further details. Opposition parties fear Novo Banco could be benefiting Lone Star by selling it discounted non-performing assets, which inflated Novo Banco’s losses. The bank and Lone Star have denied this.
Persons: Rafael Marchante, Rui Rio, Joao Leao, ” Leao, Antonio Costa, Christine Lagarde Organizations: Novo Banco, REUTERS, Banco, Banco Espirito Santo, U.S, Lone Star, Portuguese, Social Democrats, Social, Finance, Reuters, European Central Bank Locations: LISBON, Novo, Lisbon, Portugal, Brussels, “ Portugal
LISBON (Reuters) - Portugal’s finance minister said on Friday the state would comply with all its commitments related to Novo Banco after opposition parties blocked a 476 million euro ($567.53 million) capital injection for the lender next year. FILE PHOTO: A man walks near ATM machines of a Novo Banco branch in downtown Lisbon, Portugal April 10, 2018. “Portugal will meet, as it has always done, its commitments assumed regarding Novo Banco,” Leao said in a short statement sent to Reuters without providing further details. Opposition parties fear Novo Banco could be benefiting Lone Star by selling it discounted non-performing assets, which inflated Novo Banco’s losses. Novo Banco said it “has fulfilled and continues to fulfill all of its commitments” and believes that the Portuguese Resolution Fund will also comply with its obligations, as it has done in the past 3 years.
Persons: Rafael Marchante, Rui Rio, Joao Leao, ” Leao, Antonio Costa, Christine Lagarde, Organizations: Novo Banco, REUTERS, Banco, Banco Espirito Santo, U.S, Lone Star, Portuguese, Social Democrats, Social, Finance, Reuters, European Central Bank, Locations: LISBON, Novo, Lisbon, Portugal, Brussels, “ Portugal, Portuguese
LISBON (Reuters) - Europe’s biggest technology conference, the Web Summit, will return to Lisbon in full force as a massive in-person event in 2021 after the coronavirus pandemic forced it to go fully online this year. FILE PHOTO: Web Summit's co-founder Paddy Cosgrave, Lisbon's Mayor Fernando Medina and Portugal's Prime Minister Antonio Costa react during the inauguration of Web Summit, Europe's biggest tech conference, in Lisbon, Portugal, November 5, 2018. But due to the outbreak, which has forced the cancellation or postponement of many major events, this year’s Web Summit will be held online next week. On Tuesday evening, Cosgrave announced on Twitter there will be a South American Web Summit in 2022 in either Rio de Janeiro or Porto Alegre in Brazil. “Holding each year, in the build up to November’s Lisbon Web Summit, events in key regions of the world is a good idea.”(This story refiles to fix repetition in headline)
Persons: Paddy Cosgrave, Fernando Medina, Antonio Costa, Pedro Nunes “, , Cosgrave, ” Cosgrave Organizations: Web, Lisbon's, Portugal's, REUTERS, Reuters, European Commission, Twitter, Summit, Locations: LISBON, Lisbon, Portugal, Dublin, Japan, New Zealand, American, Rio de Janeiro, Porto Alegre, Brazil, “ Brazil
EU must rebuild industry, avoid protectionism after pandemic: Portugal PM
  + stars: | 2020-11-23 | by ( Sergio Goncalves | ) www.reuters.com sentiment -0.98   time to read: +1 min
FILE PHOTO: Portugal's Prime Minister Antonio Costa speaks to the media outside European Commission building after a meeting with European Commission President Ursula von der Leyen, in Brussels, Belgium, October 15, 2020. Olivier Hoslet/Pool via REUTERS/File PhotoLISBON (Reuters) - Rebuilding European industry and making it less reliant on China and other nations should be a priority after the coronavirus pandemic but the EU should avoid protectionist policies, Portugal’s prime minister said on Monday. The pandemic has exposed how dependent the European Union has become on China and other countries for essential goods and this makes supply chains more vulnerable to the risk of disruption, Antonio Costa said. “Europe cannot be totally dependent on essential goods produced outside,” Costa said during an event to outline the main priorities of Portugal’s six-month EU presidency, which starts on Jan. 1. Part of the strategy should be to develop networks of different firms working on a European scale, he said, adding that the EU could only benefit from decentralising innovation and production chains.
Persons: Antonio Costa, Ursula von der Leyen, Olivier Hoslet, ” Costa, Costa Organizations: Portugal's, European, European Union, European Central Bank Locations: Brussels, Belgium, LISBON, China, Europe
Portugal to ban domestic travel, close schools around national holidays
  + stars: | 2020-11-21 | by ( Reuters Staff | ) www.reuters.com sentiment -0.85   time to read: +2 min
REUTERS/Rafael Marchante/File PhotoLISBON (Reuters) - Portugal is to ban domestic travel and close schools around two upcoming holidays in a bid to reduce the spread of coronavirus ahead of Christmas, Prime Minister Antonio Costa said on Saturday. Schools will close on the Mondays before both holidays, while businesses must close early. Employers are being encouraged to give workers the day off in order to minimise travel activity. “We continue to have a very high number of cases which is a threat to our health,” Costa told a press conference. Portugal reported 62 deaths and 6,472 cases of coronavirus on Saturday, mostly in the north of the country, bringing the total infections to 255,970 cases, with 3,824 deaths.
Persons: Rafael Marchante, Antonio Costa, ” Costa, Costa Organizations: REUTERS, Employers, European Centre for Disease Prevention Locations: Lisbon, Portugal, LISBON, Europe
FILE PHOTO: A tram is pictured on the empty street during the coronavirus disease (COVID-19) outbreak, in downtown Lisbon, Portugal October 31, 2020. REUTERS/Rafael MarchanteLISBON (Reuters) - Portugal’s parliament on Friday approved a 15-day extension of a state of emergency from next week to allow continuation of coronavirus measures as the government considers fresh steps. Under Portuguese law, a state of emergency is limited to 15 days but can be extended indefinitely in 15-day periods. Internal Affairs Minister Eduardo Cabrita told parliament the state of emergency was likely to be renewed again after Dec. 8. Portugal, with around 10 million people, has recorded 249,498 coronavirus infections and 3,762 deaths, relatively low figures compared to some European countries.
Persons: Rafael Marchante LISBON, COVID, Antonio Costa, Eduardo Cabrita Organizations: REUTERS, , Twitter, Internal Locations: Lisbon, Portugal
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