Pedro Manuel Mamede Passos Coelho

Europe’s economic gloom deepened Wednesday on the back of news that unemployment in the 17-nation Eurozone hit another record high in September as the region’s debt crisis continued to sap the confidence of business owners, investors and...

BRUSSELS/MADRID (Reuters) - Spain and Portugal called on Monday for the euro zone to complete a banking union as Germany underscored legal hurdles before a central element of the plan to deal with failing banks can be introduced. "It is indispensable...

MADRID (Reuters) - Los líderes de los gobiernos de España y Portugal ratificaron el lunes su compromiso con las políticas de ajuste de las cuentas públicas y con la agenda de reformas, pero pidieron a sus socios europeos políticas para restablecer el...

MADRID (Reuters) - Spanish Prime Minister Mariano Rajoy said on Monday that the European Union must stick to the agreed-on calendar for banking reform in the euro zone area and provide credit for small businesses. Rajoy, who was speaking at a news...

MADRID (Reuters) - Spanish Prime Minister Mariano Rajoy on Monday called for the euro zone to move ahead with the creation of a bank resolution mechanism as part of an agreement to form a banking union in the area. Rajoy told a joint news conference with...

LISBON (Reuters) - Portugal's lenders will this week scrutinize new spending cuts outlined by the austerity-minded government on Friday to meet the country's bailout targets, the finance ministry said on Monday. The latest 2-billion euro tranche of the...