EU finance ministers thrashed out Friday a multi-billion-dollar debt rescue for Portugal, demanding tough conditions.

In reaction to the Portuguese issue, the Madrid stock market's Ibex-35 index soared 5.42 per cent on Wednesday, powered by banking shares.

Europe's debt crisis flared up once again Monday, as Portugal's borrowing rates briefly spiked to euro-era highs amid reports Germany and F...

Austerity measures adopted by the government to restore the country's fiscal health are expected to stunt economic growth next year.

Mayer also told the newspaper that Spain, Italy and Belgium enjoyed much better fundamentals and would not need outside help to refinance t...

Portugal may have its bond rating cut by Moody’s Investors Service “by a notch or two” because of concerns over ‘sluggish’ economic growth.

Spain & Italy bond yields rose on fears of smaller bailouts. The yields on Spain's 10-year bonds jumped to 5.7% while Italy's reached highe...

Economist Nouriel Roubini says Portugal should consider asking for a bailout before its financial plight worsens.

The euro hit a new two-month low on Monday and equities struggled, as Ireland's bailout failed to ease eurozone debt concerns.

Portuguese finance minister Fernando Teixeira dos Santos said European Union governments can’t impose a bailout on his country even as spec...

Portugal adopted a raft of debt-reducing austerity measures on Friday, which the government claimed would be enough to restore market confi...

The Portuguese government said on Friday it was under no pressure from the European Central Bank or other eurozone member states to accept ...

Merkel and French President Nicolas Sarkozy also called for a swift conclusion of the negotiations for an Irish bailout.

European Central Bank council member Axel Weber said governments can increase the size of the European Union-led bailout fund if necessary ...

Ireland has unveiled a 15-billion-euro austerity package as part of its requirements to unlock an international bailout, slashing public se...

Fears that the infamous PIGS - Portugal, Ireland, Greece and Spain - would spell trouble for the world at large have resurfaced.

Debt-crippled Ireland has formally applied for a massive EU-IMF loan to stem the flight of capital from its banks.