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Press Review – Troika warns slim chances of Portugal returning to markets

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Sol
«PM delays reshuffle», reports weekly Sol, as Prime Minister Passos Coelho has been busy with the negotiations between the government and the so-called troika of interational lenders, following the Constitutional Court’s rejection of four measures of the state budget. According to the paper, the prime minister was expected to announce a major reshuffle of his government but only replaced Deputy Minister and Minister of Parliamentary Affairs Miguel Relvas with Marques Guedes and Poiares Maduro.

Público
«Marques Guedes and Poiares Maduro in Miguel Relvas’ place», reveals Público, as Luís Marques Guedes, former  secretary of state of the presidency of the Council of Ministers, will replace Miguel Relvas in parliamentary affairs and Miguel Poiares Maduro has been announced as the new deputy minister, also responsible for state-owned media and regional development.

Correio da Manhã
«Relvas replaced by two minsters», reports Correio da Manhã, as outgoing Deputy Minister and Minister of Parliamentary Affairs Miguel Relvas is replaced by two new ministers Miguel Poiares Maduro and Luís Marques Guedes.

Diário de Notícias
«Poiares Maduro has super-powers in government without Relvas», writes Diário de Notícias, after Prime Minister Passos Coelho announced Miguel Poiares Maduro as the new deputy minister and minister for regional development, who will also be overseeing political coordination, media and will have supervisory powers regarding EU funds for Portugal’s National Strategic Reference Framework (QREN). According to the daily, the new minister is an award-winning jurist and has worked as European affairs advisor for governments in Europe and the United States.

Jornal de Notícias
«PM “deflates” Álvaro with Maduro», writes Jornal de Notícias, after Prime Minister Passos Coelho appointed Miguel Poiares Maduro as the new deputy minister and minister for regional development, a portfolio which belonged to the Ministry of the Economy, led by Álvaro Santos Pereira.

i
«Troika warns of risks: Portuguese debt is being bought by speculators», writes i, as a document released by the so-called troika of international lenders ahead of the Eurogroup meeting says there are slim chances of Portugal being able to make it alone in the bond markets from 2014, as the improvement of the country’s financing conditions in the debt markets is being sustained by “speculating investors” and it still has “limited access” to the normal functioning.

Diário Económico
«Property prices take biggest plunge since start of crisis», writes Diário Económico, as the number of property sales between October and December last year dropped 6%.

Jornal de Negócios
«Government studies social security contributions for pensioners», reports Jornal de Negócios, as the government scrambles to make further cuts in expenditure to meet its bailout targets following the Constitutional Court’s rejection of four austerity measures in the state budget, and is considering making pensioners pay social security contributions, just like employees and companies.

A Bola
«Roaring scream», writes A Bola, after Benfica eased into the Europa League semi-finals after a 1-1 tie with Newcastle at St James’ Park on Thursday.

Record
«Salvio secures semi-finals», writes Record, as Benfica’s Eduardo Salvio levelled in injury time to draw 1-1 with Newcastle.

O Jogo
«To suffer before dreaming», writes O Jogo, as Newcastle led Benfica 1-0 until stoppage time, before Eduardo Salvio scored in the 92nd minute, easing his team into the Europa League semi-finals.


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