Visão
«Former owners of BPN bank in millionaire business», is the cover story in this week’s Visão, as the Sociedade Lusa de Negócios (SLN), former owner of BPN bank, is bathing in success in national and international business, despite the group having been assigned with a debt of over €1.3bn. The BPN was bailed out by the Portuguese state in 2008 following a criminal investigation into malpractice, fraud and money laundering.
Sábado
«The rebel life of the saint who inspires the Pope in his day-to-day life», is the lead story in this week’s Sábado, making a comparison between Pope Francis and St Francis of Assisi, as the recently elected head of the Catholic Church challenges the Vatican hierarchy and wants the institution to become once again closer to the poor and needy.
Público
«Government responds to Socialist no-confidence vote with threat of second bailout», reveals Público, as the PSD/CDS-PP coalition majority in parliament defeated a motion of no confidence tabled by the Socialist Party on Wednesday, saying that if the government fell it would lead to Portugal needing a second bailout.
Correio da Manhã
«Cyprus virus pulls €2bn from banks», reports Correio da Manhã, with BES and BCP leading losses after the decision to hit bank deposits in Cyprus with a one-off tax made financial markets react nervously across the eurozone.
Diário de Notícias
«Socialists only sent letter to troika yesterday», writes Diário de Notícias, as the Socialist Party had announced that it was to send the troika of international lenders a letter on 23 March but only presented them with the document Wednesday, the day the party presented a no-confidence vote against the PSD/CDS-PP coalition government.
Jornal de Notícias
«2,490 young people flee to Brussels», reports Jornal de Notícias, as the number of young Portuguese applying for an internship with the European Commission in Brussels, for a salary of €1,000, has multiplied by ten in the space of one year.
i
«Socialists’ no-confidence motion defeated», writes i, as the PSD/CDS-PP coalition majority defeated a motion of no confidence tabled by the Socialist Party in parliament on Wednesday. The daily newspaper reports that Prime Minister Passos Coelho questioned why the Socialists would want to create political instability, while Socialist leader António José Seguro says that “freeing the Portuguese from this government” is a “national imperative”.
Diário Económico
«Political instability sparks panic in Portuguese stock market», reports financial daily Diário Económico, as the Socialists’ motion of no confidence, tabled on Wednesday in parliament, and expectations that the Constitutional Court will rule against several of the measures included in the state budget, led the Portuguese stock market to plunge by 3.54%.
Jornal de Negócios
«Government says Socialist strategy would lead country to second bailout», reports Jornal de Negócios, as the PSD/CDS-PP coalition majority in parliament defeated a no-confidence motion tabled by the Socialists Wednesday. According to the paper, the government refuted the Socialists’ arguments and governing strategy, claiming it would lead to a second bailout.
A Bola
«Settling accounts», writes A Bola, as Benfica manager Jorge Jesus is planning to chase success in tonight’s match against Newcastle in the Europa League quarter-final first leg.
Record
«You’re dead meat», writes Record, in response to Newcastle’s Alan Pardew claiming that if Benfica played in England it would only be vying for the “8th or 10th place”.
O Jogo
«Fernando sparked the fuse», writes O Jogo, referring to the Brazilian’s effort in a game that saw FC Porto beat Rio Ave 4-0 at Estádio do Dragão on Wednesday.