Portugal

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Madeleine McCann Could Still Be Alive: Scotland Yard

Detectives urge Portugal to reopen investigation

(Newser) - Scotland Yard uncovered evidence while reviewing the Madeleine McCann case that has let it to "genuinely believe there is a possibility that she is alive," a detective announced today. Do read on, but stop holding your breath: Detectives wouldn't elaborate on the new leads. But they did...

Eurozone Economy Shrinks
 Eurozone Economy Shrinks 
Feb 15, 2012 9:11 AM CST

Eurozone Economy Shrinks

Nine of 17 member states post a fall

(Newser) - For the first time since 2009, the eurozone economy contracted last quarter. The fourth quarter of 2011 saw the GDP shrink 0.3% compared to the third quarter; the last quarterly contraction occurred during the second quarter of 2009 when the GDP dropped 0.2%. Meanwhile, the GDP grew just...

Portugal May Need a 2nd Bailout

Country's troubles likened to Greek crisis

(Newser) - In order to pay back $11.6 billion in debt, Portugal needs to re-enter capital markets next year—and as it stands, that's looking like a tall order. The deadline isn't until September 2013, but the International Monetary Fund could call on the country to release a financial...

Get Ready for &#39;Eurogeddon&#39;
 Get Ready for 'Eurogeddon' 
OPINION
Nov 27, 2011 7:23 AM CST

Get Ready for 'Eurogeddon'

Jeremy Wagner warns of riots, 'biggest mass default in history'

(Newser) - With the euro crisis spreading even to mighty Germany last week—when investors ignored a bund auction and sovereign debt yields grew more expensive than the UK's—it is clear now that the euro crisis is not just about the debts of the poorer, peripheral countries like Greece and...

Portugal Won't Extradite Fugitive US Killer

George Wright's lawyer says Lisbon court sided with his client

(Newser) - George Wright, the killer who escaped from prison in 1970, hijacked a plane two years later, and was finally caught in Portugal in September, will not be extradited to the US to serve the rest of his murder sentence. A Lisbon court denied the US request on the basis that...

Man Surfs 90-Foot Monster Wave, Sets Record



 Man Surfs 90-Foot 
 Monster Wave, 
 Sets Record 
IN CASE YOU MISSED IT
Nov 13, 2011 9:00 AM CST

Man Surfs 90-Foot Monster Wave, Sets Record

Garrett McNamara rides rode monster off Portugal

(Newser) - There are waves, and then there are waves. Garrett McNamara managed to surf one of latter. The Telegraph reports that the Hawaiian set a world record after riding the 90-foot monster off the coast of Portugal. The 44-year-old professional surfer was in a prime position to do so: He was...

Fugitive Fights Extradition With New Identity

George Wright says he should be able to serve any time in Portugal

(Newser) - George who? Lawyers for captured American fugitive George Wright will fight his extradition to the US by arguing that he is a Portuguese citizen by the name of Luis Jorge dos Santos, reports AP . They're not claiming he isn't the murderer/robber/jail-breaker/hijacker who fled the US four decades ago,...

US Fugitive Spent Decades in Portuguese Village

George Wright became handyman Jorge Santos

(Newser) - George Wright, murderer, hijacker, and American fugitive, was known as Jorge Santos, easygoing immigrant from Guinea-Bissau during the decades he hid in a Portuguese village. The 68-year-old, who was recaptured earlier this week , married a local woman and raised two children, now in their early 20s, after settling down in...

US Fugitive Caught After 41 Years in Portugal

Killer, hijacker George Wright fighting extradition

(Newser) - This might be the end of the road for fugitive George Wright, but what a road it's been. Authorities arrested the 68-year-old in Portugal yesterday after 41 years on the lam. Even the bare bones of his rap sheet nearly defy belief, as CNN and AP recount: In 1962,...

Portugal Reaches Bailout Deal
 Portugal Reaches Bailout Deal 
May 4, 2011 5:54 AM CDT

Portugal Reaches Bailout Deal

Will be worth about $116 billion over three years

(Newser) - Portugal pleaded for a bailout , and now it's got one. The hard-up nation has negotiated a bailout from the EU and IMF worth about $116 billion. The three-year loan is a "good agreement that defends Portugal," according to caretaker PM Jose Socrates, who added that Portugal would...

Euro Plummets on Greek Default Fears

Developments in Portugal, Finland deepen market panic

(Newser) - The euro took a nose dive today, and so did the bonds of weak eurozone nations, as investors panicked over fresh speculation that Greece will have to restructure its debt in the near future, and the election of an anti-Euro party in Finland. German government sources tell Reuters that they...

Portugal Pleads for Bailout
 Portugal Pleads for Bailout 
Apr 7, 2011 1:19 AM CDT

Portugal Pleads for Bailout

Country is third EU victim of debt crisis

(Newser) - Portugal is biting the bullet and admitting that it desperately needs a massive bailout from its European Union partners to stay afloat. Caretaker prime minister Jose Socrates told the nation that the decision to seek a bailout was "a last resort" as interest rates on its short-term debt skyrocket,...

Portugal Gov't Verges on Collapse

Country could soon go the way of Greece, Ireland

(Newser) - Today promises to be a tumultuous day in Portugal, with all signs pointing to the resignation of Prime Minister Jose Socrates and the collapse of his minority Socialist administration. The country’s parliament is expected to vote down Socrates’ austerity plan, a move the prime minister contends will force the...

Is Madeleine McCann in US?
 Is Madeleine McCann in US? 
Feb 18, 2011 12:19 PM CST

Is Madeleine McCann in US?

One sleuth believes pedophile ring took her to America

(Newser) - Nearly four years after her disappearance, an amateur investigator believes he knows where Madeleine McCann is: the US. Marcelino Italiano has told police that a Portugal-based pedophile ring likely snatched the little girl and smuggled her out of the country, and he tells the Sun he has been twice attacked...

As Crises Spread, Europe Scrambles for an Answer
As Crises Spread, Europe Scrambles for an Answer
analysis
Dec 1, 2010 10:04 AM CST

As Crises Spread, Europe Scrambles for an Answer

Even healthier countries now feeling pinch

(Newser) - Financial crises in Greece, Ireland, and Portugal have stoked fears for Italy, Belgium, and the more robust Germany as Europe struggles to find a solution, the New York Times reports. Worry that Germany may have to pay the brunt of bailout costs have prompted the sale of its debt; investor...

Germany Must Step Up in Euro Crisis
Germany Must Stop Carping, Step Up in Euro Crisis 




roger cohen
Nov 29, 2010 1:59 PM CST

Germany Must Stop Carping, Step Up in Euro Crisis

Berlin's not getting the bigger picture, writes Roger Cohen

(Newser) - Is the euro the new League of Nations—a grand experiment that eventually gets abandoned and left to waste away? With bailouts in Greece and Ireland and threats to Portugal and Spain, the currency “can no longer take its survival for granted just because its collapse would be unthinkable,...

Columbus Was Polish King's Son: Historian

We've had it wrong 500 years, says researcher

(Newser) - Christopher Columbus’ origins have long been shrouded in mystery—was he Italian? Spanish? Greek? None of the above: In fact, his father was a Polish king, argues Columbus expert Manuel Rosa in a new book. Rosa holds that the adventurer's father was Vladislav III, who was not killed in 1444...

Europe Markets in Turmoil Over Debt Worries

New concerns (and rumors) center on Portugal, Spain

(Newser) - Authorities across Europe rejected a report that a Portuguese bailout would cut the risk of Spain needing similar action, the Wall Street Journal reports. A German paper had cited German finance ministers in the matter, but the ministry, Portugal, Spain, and the European Commission all said Portugal wasn’t being...

Europe's Bailouts Aren't Working
 Europe's Bailouts 
 Aren't Working 
OPINION
Nov 24, 2010 1:52 PM CST

Europe's Bailouts Aren't Working

Europe needs to do more than force Ireland and Co. to slash budgets

(Newser) - First there was Greece. Then Ireland. And now it looks like Portugal and Spain are next. “Let’s just be blunt: The Eurozone bailout program has failed,” writes Michael Schuman in Time . Europe has so far hoped that throwing money at troubled countries and ordering them to cut...

Portugal Screeches to Halt as Unions Strike

Trains, planes, banks shut down in unions' joint effort

(Newser) - The largest Portuguese unions banded together and went on joint general strike today, the first of its kind since 1988, the New York Times reports. The unions, protesting a government austerity plan amid a debt crisis, halted trains, buses, planes, health care, and banking services. “What’s coming for...

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