BRUSSELS/MADRID - Spain and Portugal called on Monday for the euro zone to complete a banking union as Germany underscored legal hurdles before a central element of the plan to deal with failing banks can be introduced. | Video
* Spain's Rajoy says banking union is credibility test for European Union
LISBON - Portugal's government said on Sunday its EU and IMF lenders had concluded work on the latest bailout review, indicating there were no outstanding obstacles for Lisbon to receive the next 2 billion euro tranche of the rescue package.
LISBON - When Nelson Craveiro lost his minimum wage job selling soft drinks last October due to Portugal's raging economic crisis, he dared not imagine that his fluent German would soon get him a better-paying job without the need to emigrate.
LONDON, May 7 - Portugal's debt lagged other euro zone bonds on Tuesday as investors made room for its first 10-year issue since its bailout, highlighting strong demand for lower-rated euro zone debt.
LISBON - Portugal's government said on Friday it would challenge in court several high-risk hedge contracts signed by public companies and banks JPMorgan and the local unit of Spain's Santander to avoid losses for the debt-ridden state.
* Total potential losses of 3 bln euros cut by 20 pct so far
LISBON - Official efforts to make euro zone banks build bigger buffers against risk are backfiring by preventing them from scaling down exposure to vulnerable sovereign debt, the head of Portugal's Banco BPI told Reuters.
LISBON, April 23 - Portugal's government hopes to reach a negotiated solution with foreign and local banks by the end of this week to minimise potential losses of up to 3 billion euros from high-risk hedge contracts agreed by public companies some years back.
STOCKHOLM - Community patrols and a beefed-up police presence helped to calm violence around Stockholm overnight on Saturday but 20 to 30 cars were still torched in poor immigrant suburbs and serious incidents were reported outside the capital for the first time. | Video
Ethiopia and Eritrea are still at each others’ throats. The two neighbours fought hammer and tongs in sun-baked trenches during a two-year war over a decade ago, before a peace deal ended their World War I-style conflict in 2000. Furious veRed Sea, UNrbal battles, however, have continued to this day.