- 06 June 2014 09:00
- by Julian Matteucci
Portugal’s European bailout is over and its privatisation programme is winding down. Legal Business asks the country’s lawyers what happens next.
While the instances in which Europe’s ailing economies have been talking up their prospects have been as frequent as rain storms this past year, Portugal has more reason than most to be bullish. It exited the European Union (EU)/International Monetary Fund (IMF) bailout programme at the end of last month; activity levels and employment figures are exceeding expectations; and the government aims to reduce the budget gap further in 2015.
- 30 May 2013 09:00
- by Miriam Fahey
Portugal continues to navigate a deep recession, aided by its legal profession. But while the sale of state assets is providing some relief, firms are looking to their international practices to provide a bailout of their own.
The normally sedate setting of the Ritz Hotel in Lisbon became the focal point of Portugal's malaise in April. A flash mob of angry protestors gathered outside the hotel urging the Portuguese government to `screw the troika' in response to the severe austerity plans tabled to meet the demands of Portugal's 2011 €78bn bailout by the International Monetary Fund, European Central Bank and the European Commission.