Sol
«Troika delays departure», reports weekly newspaper Sol, as officials from the international bailout institutions, who were in Lisbon to carry out the seventh quarterly review of Portugal’s economic programme, were meant to leave today but have delayed their flights to further discuss cuts in government spending and redundancies.
Público
«Standard & Poor’s warns that cuts to state could put social stability at stake», reveals Público, after the rating agency raised Portugal’s outlook from negative to stable but also warned that the government’s planned cuts of €4bn to state expenditure could increase the risk of social conflict.
Correio da Manhã
«Banks denounced», reports Correio da Manhã, as several Portuguese banks are under investigation for allegedly operating in a cartel-like manner and are risking a “millionaire” fine.
Diário de Notícias
«Private schools laying off teachers due to cuts in funding», reveals Diário de Notícias, as the reduction in 25% of state funding to private schools – from €114m a year per class to €85m – have led the schools to lay off teachers practically in the same proportion.
Jornal de Notícias
«Government to inject billions in construction sector», reports Jornal de Notícias, as the government is launching a package of measures to bolster and support the construction and real estate sectors this Friday, including settling of state debts to construction firms.
i
«BPN case: Public Prosecutor’s Office accuses former health minister of profiteering», writes i, as Arlindo de Carvalho has been accused of illegitimately receiving €80m from bank BPN.
Diário Económico
«ZON shareholders give green light to merger with Optimus», reports financial daily Diário Económico, as ZON’s general assembly approved the merger with Sonaecom’s mobile phone unit Optimus. According to the paper, the move took less than an hour and 98.9% of the shareholders present voted for the merger.
Jornal de Negócios
«Government launches plan to boost construction sector», reports financial newspaper Jornal de Negócios, which includes 50 measures, including mapping out the payment of the state’s debt to construction firms.
A Bola
«Minimum services», writes A Bola, after Benfica beat Bordeaux 1-0 in the Europa League on Thursday.
Record
«Rodrigo provides oxygen», writes Record, as despite Benfica being “tired” and displaying a below-par performance, the team beat Bordeaux on Thursday thanks to Rodrigo’s goal.
O Jogo
«Shot and breach», writes O Jogo, as Spanish striker Rodrigo scored in Benfica’s Europa League match against Bordeaux but “didn’t disguise the team’s lacklustre performance.”