Europe Economics Update Portugal remains on the frontline After a month of respite, the surge in Portuguese ten year government bond yields to new euro-era highs has reignited fears that Portugal may still need outside support. Even if Portugal isn’t forced... 10th February 2011 · 1 min read
Europe Economics Update Will Portugal's presidential election add fuel to the fire? Portugal has survived its first market tests of 2011 and resisted pressure to accept outside support. But with government bond yields still at very high levels, the Government’s struggle to go without... 21st January 2011 · 1 min read
Europe Economics Update Portugal - the end of Act 1? It now seems a matter of when, rather than if, Portugal will follow Greece and Ireland in accepting some form of European/IMF bail-out. But will this signal the beginning of the end of the euro-zone... 11th January 2011 · 1 min read
Europe Economics Update Portugal's toughest tests still lie ahead The ECB’s announcement that it would step up its bond purchase programme and extend liquidity provision to the banking sector has eased immediate pressure on Portugal. But the initial positive market... 9th December 2010 · 1 min read
Europe Economics Update Will Portugal inevitably follow Ireland? With Ireland on the brink of accepting some kind of bail-out, fears of contagion have intensified. While Portugal is clearly the next in line, it is in a better position than Ireland, which means that... 19th November 2010 · 1 min read
Europe Economics Update Are Ireland and Portugal about to turn to the EFSF? There are reasons to think that Portugal and Ireland will not follow Greece in seeking financial support in the very near future. But there are still major doubts over their ability to address their... 4th November 2010 · 1 min read
Europe Economics Update Portuguese Budget will only buy time The Government finally passed its 2011 Budget in parliament yesterday. This may provide some relief after weeks of political tension but the episode has re-awakened market concerns. And while Portugal... 4th November 2010 · 1 min read
Europe Economics Update France and Portugal struggle to apply fiscal squeeze Recent developments in France and Portugal confirm that both are struggling to implement measures to ensure a sustained reduction in public borrowing. But market pressures will force Portugal to act... 30th September 2010 · 1 min read
Europe Economics Update Iberian economies still facing an uphill struggle The bold measures announced by European policymakers at the weekend may have reduced the chance of financial market meltdown. But this does not change our fundamental view that the Iberian Peninsula... 11th May 2010 · 1 min read
Europe Economics Update Portugal warnings underline broader fiscal problems The European Commission’s warnings about Portugal’s budget plans are a timely reminder that the euro-zone’s fiscal crisis extends well beyond Greece. 14th April 2010 · 1 min read
Europe Commercial Property Update Greek and Portuguese rental forecasts downgraded We have cut our forecasts for rental value growth in Greece and Portugal over the next two years by around 6% and 4% respectively. The cuts reflect downgrades to our GDP growth forecasts. Our rental... 1st April 2010 · 1 min read
Europe Commercial Property Update What does Portugal’s credit downgrade mean for commercial property? Along with GDP growth turning negative again in Q4, yesterday’s downgrade of Portugal’s credit rating can be nothing but bad news for commercial property. Even before the downgrade, our analysis... 25th March 2010 · 1 min read
Europe Economics Update Portuguese double dip increases fiscal worries The second release relating to Portuguese GDP in Q4 last year revealed a downward revision to the quarterly change in output from the previously estimated zero to -0.2%. So after fairly robust growth... 11th March 2010 · 1 min read
Europe Commercial Property Update Long road to recovery for Finnish and Portuguese retail rents Retail rental values in Helsinki and Lisbon have fallen by more than the euro-zone average. Helsinki has been hit by a steep drop in Finnish consumer spending, while increased supply has added to... 25th February 2010 · 1 min read
Europe Economics Weekly The spotlight turns on Portugal and Spain Last week, the noose around the Greek Government’s neck loosened slightly. But markets are still baying for blood – Portugal and Spain are their new targets. Neither Portugal nor Spain have quite the... 8th February 2010 · 1 min read
Europe Economics Update Portugal’s Budget won’t dispel market worries The markets and credit rating agencies had been looking to yesterday’s budget for confirmation that the Portuguese Government is prepared to follow other fiscally strained euro-zone economies in... 27th January 2010 · 1 min read
