Finland Elections 2011 / Suomen Vaalit 2011

Tweet Live blog of Finland's 2011 parliamentary election

Portugal Requests EU Bailout‎: the Wrong signal at the Wrong time

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Communication of Portugal PM, José Socrates - [Jornal Publico]

"As always said to Portuguese, the rejection of the Stability and Growth Pact in the Parliament, on March 23, dramatically worsened the financial situation of our country. The rejection of the Government proposed  "PEC", which had the support and vote of confidence from European institutions, was the  more wrong signal  that we could give to the financial markets and international institutions. It was the wrong signal at the wrong time."

CoveritLive Event - Portugal Sovereign Debt Crisis [Eurozone]

Portugal PM Socrates Resigns After Parliament Rejects Austerity Plan [VIDEO]

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Portugal political crisis over  sovereign debt - Prime Minister José Sócrates tendered his resignation after Parliament rejected a new government austerity plan (PEC IV), moves expected to greatly increase pressure on the country to accept an international bailout.

In Ireland a bail-out by the euro zone’s rescue fund helped to force the government into calling (and losing) an early election. In Portugal an early election may force the government into accepting a bail-out. The question is: which government?

Portugal and Finland could overshadow EU summit

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FT.com / Brussels - #Brussels fears #Lisbon left rudderless http://t.co/d2XMLlMWed Mar 23Luis Alves
mokkikunta

‎Even if Portugal were to ride out the storm with its government in limbo, European officials worry that failure to pass the EU-backed measures on Wednesday and Mr Sócrates’ resignation could overshadow the upcoming summit.

“If there is a fall of the Portuguese government, we’re in trouble,” said one senior European diplomat involved in economic negotiations. “How do you sell this as a credible collective response?”

"Finland Holds Key to #Euro Zone ‘Grand Bargain’ - CNBC-http://www.cnbc.com/id/42206590Wed Mar 23Luis Alves
mokkikunta

When European Union leaders gather in Brussels at the end of the week to finalise a much-anticipated “grand bargain” to solve their debt crisis, the eyes of the financial markets will be focused on an unlikely place: Finland.

After months of negotiations, the Finnish government, normally one of the most pro-European Union members in the bloc, is set to hold up one of the central elements of the package, in part because it has been blindsided at home by the rise of a populist anti-euro party that is threatening to cause havoc in next month’s national elections.(...)

Without unanimity in the euro zone, the deal could fall apart. In an interview with the Financial Times, Ms Kiviniemi acknowledged that Finland was playing the unusual role of “troublemaker” in negotiations.

But, with the parliament’s Europe committee opposing the increase and the legislature dissolved ahead of the April 17 elections, her hands are tied. 

“I don’t have the mandate from the parliament to increase them,” she said, noting it would have to be called back into an emergency session to approve an increase.

“It would be very, very difficult. I would say impossible, because this topic is a very hot one.” Ms Kiviniemi is not the only one struggling with the issue. 

UPDATE
Portugal Premier Quits After Austerity Plan Is Rejected

No, Paul Krugman, Portugal Is Not Broke

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No, Paul #Krugman, #Portugal Is Not Broke: the Game is Over. http://goo.gl/SHXDE #euroThu Jan 13 Luis Alves
mokkikunta

Portugal Near Default: Bond Yields Reach New 7% Record

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A month ago, the portuguese Finance Minister  Teixeira dos Santos said that if the interest payments surpass the threshold of 7% , Portugal would have to start thinking of resorting to international aid.

Today, the  "yield" of Portuguese 10-year bond down slightly since the late morning, after hitting new highs (7 %) since Portugal adopted the euro currency.

While Ireland doesn't plan to enter primary markets the rest of this year, Portugal will auction as much as €1.25 billion bonds Wednesday. It is likely to pay record yields of nearly 7% on its 10-year bond, a level deemed unsustainable over the long term.

For Silva Lopes,  former Finance Minister  of Nobre da Costa Government,  assistance from the European Fund and the IMF would have two advantages. First, would reduce interest payments and, secondly, would bring the fiscal adjustment measures, that "governments have not been able to do." 

Debt Crisis Watch - Next target: Portugal?

PIMCO – Bill Gross | February 2010: The Ring of Fire

"Debt Crisis Watch Turns to Portugal - Next target: Portugal", an article today published in The New York Times, puts Portugal featured on Google. The text is a description of the terrible portuguese economic and financial situation.

Accordingly, analysts say, it will be all the more difficult for Portuguese politicians to explain to their already pinched populace that more sacrifices — from public-sector wage cuts to higher value-added taxes — are necessary.(...)

Gilles Moëc, an economist for Europe at Deutsche Bank, said, “It is going to be a long and painful process for Portugal, and there are questions about whether they can do it.” He added, “It’s a reminder that there is an issue here.”, The New York Times.

Keynes e Krugman num Plano Inclinado

No programa da SIC-Notícias Plano Inclinado, Mário Crespo, João Duque e Henrique Medina Carreira debateram com Rui Moreira a política de Estado para as empresas. 

De registar que, durante este interessante debate, não se ouviu pronunciar  a palavra "descentralização" ou  "regionalização", elementos decisivos para potenciar os factores de competitividade das economias,  para além do indicador de crescimento do PIB.

Krugman: "Spain is the heart of the crisis"

• Bloom of Doom V: "We have control of the ship, we have a plan" « CrisisMaven's Blog goo.gl/P0FD #euro #
• epa - european pressphoto agency: Países da Zona #Euro estudam forma de ajudar a Grécia a sair da crise goo.gl/onyN #eurozone #
• Nobel da Economia diz que Espanha «é o coração da crise» | agência financeira goo.gl/6lDJ #krugman #spain #
• Anatomy of a Euromess - Paul #Krugman Blog - NYTimes.com goo.gl/9ea5 #eurozone #
• Paul #Krugman prevê que «Espanha parece agora condenada a sofrer anos de deflação e muito desemprego» goo.gl/6lDJ #
• #EU to Lay Groundwork for Greek Aid in Drive to Protect #Euro bit.ly/d8Rkqx #economy #

Spain accuses speculators of targeting the country

• Risco da dívida portuguesa sobe mais que o da Grécia | Económico goo.gl/BiI7 #econ #
• Autarcas portugueses pedem demissão de #Almunia | goo.gl/Cgkh #Portugal #
• Oje -- #Portugal: o centro da crise dos mercados financeiros internacionais goo.gl/4cnm #economy #
• RT @JNegocios: Défices orçamentais na Europa pressionam #WallStreet xl.pt/r/aVsdgK #
• "Spread" da dívida pública portuguesa sobe para máximos de 11 meses goo.gl/3pDy #
• #GreekDebtCrisis: How Goldman Sachs Helped #Greece to Mask its True Debt... - tinyurl.com/ya4qxfh #
• #GoldmanSachs helped the Greek government to mask the true extent of its deficit with the help of derivatives tinyurl.com/ya4qxfh #
• The Next Contagion | Money and Markets: Free Investment Email Newsletter shar.es/aLtmI #euro #
• EEUU, Europa y China: Los puntos rojos de la economía mundial: bit.ly/99P21q #econ #
• El grupo en el que nadie quiere estar: los "pigs" de la globalización www.clarin.com/diario/2010/02/07/um/m-02135419.htm #euro #
• Espanha acusa especuladores de atacarem o país | Económico goo.gl/Eo8O #eurozone #
• Grécia não cai sozinha: países arrastados são « #STUPID » | agência financeira goo.gl/UJmw #eurozone #
• RT @TelegraphNews The UK mustn't be #STUPID - Telegraph bit.ly/dvkkFU #eurozone #
• The #UK mustn't be #STUPID: digg.com/d31ICDD?t #digg #digguser #euro #
• Les marchés f inanciers américains attaquent l' euro - Coulisses de Bruxelles, UE goo.gl/7NyQ #US #finance #
• RT @financial24: #Euro zone debt worries sink #Dow below 10 000 www.financial24.org/story/1174820/ #

Fiscal Crisis in Europe - a new stage of global crisis

• Comissão Europeia pode enviar inspectores para países que não forneçam dados financeiros confiáveis tinyurl.com/ybuka5s #
• A sobrevivência da zona #euro | Económico goo.gl/CEuY #
• FT.com / Columnists / Wolfgang Munchau - What the #eurozone must do if it is to survive goo.gl/fF7Z #econ #
• FT.com / Europe - #Spain and #Portugal fight to calm investors goo.gl/d3RJ #economy #
• Is #Greece's Debt Trashing the #Euro? - NYTimes.com goo.gl/YP5N #
• RT @economiaportuga: Saiba quais são as principais dúvidas dos investidores: Bolsa portuguesa desceu 7,39% esta sem bit.ly/bSyNuV #
• RT @bbcbusiness: Britain should be seen in the same category of highly indebted countries such as Greece, a leading bit.ly/dtYtkT #
• FT.com / Europe - #Portugal near political crisis over debt goo.gl/mIWJ #euro #
• Sovereign #debt fears signal new stage of global crisis goo.gl/ePtH #capitalism #
• RT @simbiotica: Dangerous shift in opinion about #climate change happening bit.ly/cYP7jS #
• Señal: La #crisis fiscal de #Europa derrumba a los mercados mundiales goo.gl/mbxf #
• #Greece 's financial crisis puts the future of the #euro in question | The Observer goo.gl/jx1j #
• Centralised control over budgets from the #eurozone 's big two, Germany and France? NO, THANKS! #
• The Spanish Tragedy bit.ly/a88bDX #euro #

Eurozone: Portugal near political and economic crisis

FT.com / Portugal near political crisis over debt http://goo.gl/mIWJ

• RT @31darmada: Teixeira dos Santos fala ao País às 20h, Ferreira Leite chamada a São Bento para falar com Sócrates bit.ly/9oCcHv #
• RT @TelegraphNews #Greece under #EU protectorate as funds shift fire to #Portugal - Telegraph bit.ly/aj5cze #economy #
• Stocks plunge as #eurozone debt fears sharpen | CAC | FTSE | DAX goo.gl/pQbk #
• investors grew increasingly nervous that countries like Spain + #Portugal could be in for the same troubles as debt-ridden Greece #econ #
• Ferreira Leite abandona reunião com Sócrates sem prestar declarações www.destak.pt/artigo/53003 #
• RT @Publico: Oposição reage a dramatização do Governo bit.ly/cvabe1 #
• Fears of 'Lehman-style' tsunami as crisis hits #Spain and #Portugal - Telegraph bit.ly/coKtIV #
• RT @AF_agencia: Finanças Regionais: ministro lança novo apelo goo.gl/fb/ciYD #
• RT @JNegocios: Wall Street regista maior queda dos últimos três meses xl.pt/r/daaPXc #
• RT @JNegocios: Não foi "um contributo para que os mercados inter nacionais serenem" xl.pt/r/br82Wp #
• Teixeira dos Santos ameaça bloquear transferências para a #Madeira goo.gl/HwVJ #
• Pessimista? shar.es/aNpBT #UE #
• #Stiglitz: Fears #Greece will go bust irrational goo.gl/O59O #economy #
• RT @JNegocios: Governo prepara-se para travar mexidas nas Finanças Regionais xl.pt/r/bR7u7d #

Is Portugal a risk to the Eurozone?

"There is a very real threat of contagion spreading to other countries in the eurozone, like Spain and Portugal, which are suffering similar difficulties with the size of their budget deficits" http://goo.gl/TtRe

• Banca asfixiada tira 5% do ar da bolsa | agência financeira http://goo.gl/cGui #crash #Lisbon #Economy 

• Juncker: «#Portugal não é um risco para a Zona #Euro» | agência financeira http://goo.gl/NmZi #Econ

• Acha que o Governo vai cair? «Governo andou a criar uma crise artificial» > > TVI24 http://goo.gl/sRGw #Portugal

• As maiores quedas de sempre do #PSI 20 http://economico.sapo.pt/noticias/as-maiores-quedas-de-sempre-do-psi-20_80733.html #Portugal

• Finanças Regionais: Aprovada por maioria proposta para limitar endividamento a 50 milhões de euros http://ow.ly/16uXNr

• Finanças Regionais: oposição aprova limite de endividamento - PS fica isolado a votar contra a iniciativa proposta ...http://ow.ly/16uY8W

• Banca asfixiada tira 5% do ar da bolsahttp://goo.gl/fb/gXZ3

• Trichet evita falar de Portugal e Espanha e diz que Grécia deve avançar com reformas (www.lusa.pt)

• Potencias en rojo : De la "crisis financiera" a la "crisis de los Estados": http://bit.ly/93wowz

• El #FMI recomendó a España, Grecia y Portugal que rebajen los salarios: http://bit.ly/dyOS0y #econ

• Movimento emigratório actual comparado ao da década de 60 - Sociedade - PUBLICO.PT http://bit.ly/dxltfu #Portugal

• #Portugal será o país mais prejudicado por corte salarialhttp://ow.ly/1o15mB #FMI

• FT.com / Brussels / Economy - #EU tells #Greece to cut public sector wages http://goo.gl/Aum5

• FT.com / Medicine for #Europe 's sinking southhttp://goo.gl/z2yo #econ #crisis

• http://bit.ly/bbAPRP #crisis Bruxelles place la Grèce dans un état de quasi-tutelle budgétaire/ cela promet de sacrées révoltes !

• http://bit.ly/dmzw03 #crisis "25 départements français sont au bord de la faillite", De nombreuses communes allemandes menacées de faillite

• Is Portugal the new Greece? | Money Supply | FT.comhttp://goo.gl/VHCNcom - #Portugal

• Bond Auction Disappointshttp://on.wsj.com/95f6Pr #economy #EU

• WSJ.com - #Greece Shouldn't Count on Euro-Zone Bond http://on.wsj.com/9T3A09 #economy #EU

• #Portugal salta para as manchetes da imprensa internacional | Económico http://goo.gl/glTT #ECONOMY

• #Portugal e #Espanha lideram perdas nas bolsas mundiais | Económico http://goo.gl/iZiF #economy

• Portuguese Bonds Drop as Borrowing Costs Soar at Bill Auction http://www.bloomberg.com/apps/news?pid=20601085&sid=achpanjSq3AI #Portugal

• #EU Backs Greek Deficit Plan; Papandreou Offers Cutshttp://www.bloomberg.com/apps/news?pid=20601085&sid=atECkQgRuUgM #econ

• #Almunia diz que #Portugal e #Grécia partilham problemas | agência financeira http://goo.gl/TXnk #econ

• Risco de Portugal dispara nos mercados (act)http://xl.pt/r/9pcm62

• Risco da dívida portuguesa é o que mais sobe no mundo | Económico http://goo.gl/5HxV #Portugal

• Mercado da decadência "Estes são os tempos em que os decadentes ocupam os lugares vagos, são usados para entreter."http://bit.ly/bAK3Ps

• #portugal Portugal vende dívida com juro mais elevado num ano - DiarioEconomico.com: http://bit.ly/a4AlkE 

•  Economic news headlines: EC: a toothless regent in Greece? - Money Supply ECB urges Irish veto on central bank mer...http://bit.ly/aiSzLO