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Economy

Economy

Portugal's economy explained: GDP data, market trends, business developments, inflation, real estate, and economic policy. Analysis of how economic trends affect daily life and expat finances.

BPCE's €1 Billion Cheque to the Fundo de Resolução Covers Only 15% of the Vehicle's State and Banking-Sector Debt — Novo Banco-Banif Liabilities Still Hang Over the System as Luís Máximo dos Santos Steers Repayment Plan

BPCE's €1 Billion Cheque to the Fundo de Resolução Covers Only 15% of the Vehicle's State and Banking-Sector Debt — Novo Banco-Banif Liabilities Still Hang Over the System as Luís Máximo dos Santos Steers Repayment Plan

The €1 billion the Fundo de Resolução netted from the BPCE acquisition of Novo Banco covers only 15% of the vehicle's accumulated debt to the Portuguese state and the bank-sector consortium. Implied residual liability of around €5.5-6 billion, with no disclosed repayment horizon.
The Portugal Brief
PCP to Table a €50 Permanent Monthly Pension Increase From July 1 — Communist Bench Pushes a Structural Raise Over the Government's Preferred One-Off Bonus, Montenegro Says 'É cedo' to Decide on Another Supplement

PCP to Table a €50 Permanent Monthly Pension Increase From July 1 — Communist Bench Pushes a Structural Raise Over the Government's Preferred One-Off Bonus, Montenegro Says 'É cedo' to Decide on Another Supplement

PCP to table a €50 permanent monthly pension increase from 1 July, structured as a base-line uplift rather than a one-off bonus. Montenegro says 'é cedo'. Annualised cost around €2.5-2.6 billion against a Programa de Estabilidade just revised down to a null surplus.
The Portugal Brief
Pordata Posts Portugal Fourth in the EU on Youth Precarious Work — 60% of Under-24s and 40% of Workers Under 30 on Temporary Contracts as Frederico Cantante Says Personnel Records Show Even Higher Numbers

Pordata Posts Portugal Fourth in the EU on Youth Precarious Work — 60% of Under-24s and 40% of Workers Under 30 on Temporary Contracts as Frederico Cantante Says Personnel Records Show Even Higher Numbers

Pordata's 1 May data drop puts Portugal fourth in the EU on youth precarious work — roughly 60% of workers under 24 and 40% of workers under 30 are on temporary contracts. CoLABOR sociologist Frederico Cantante says administrative records make the picture even worse.
The Portugal Brief