Latest news and stories about debt in Portugal for expats and residents.
Soraia Franco Leite from Deco Proteste clarifies that the moratorium is a suspension of payment rather than debt forgiveness. She emphasizes the need for caution in applying the government's exceptional measures following the disaster, which have raised questions about moratoriums and tax obligations. Official clarifications are necessary, particularly concerning insurance activation and housing recovery support.
The Bank of Portugal (BdP) recommends that customers contact their banks as the deadline for loan moratoriums approaches.
The yields on Portuguese government bonds have increased across the two, five, and 10-year maturities.
In the same vein, five-year interest rates rose to 2.921%, compared to 2.883%.
In February, private sector debt grew by 2.3 billion euros, with individual debt rising by 900 million euros.
In the initial petition filed on March 13th at the Lisbon Civil Court, in which Azul demands the payment of 188.9 million euros from TAP (a value resulting from a bond loan granted in 2016), the company founded by David Neeleman argues that TAP SGPS was always a vehicle for TAP...
