Category : Portugal

Congratulations to the Euro2016 Winner Portugal

No excuses for France, they were the home team and there was no Ronaldo after about 20 minutes in and they just weren’t good enough. An ugly win is still a win but congrats to Portugal

Posted in * Culture-Watch, * International News & Commentary, Europe, France, Men, Portugal, Sports

(CNN) Champions League: Advantage Barcelona and Porto

Eight goals, a big upset and two wonder strikes from Luis Suarez highlighted a pulsating night of Champions League quarterfinal action Wednesday.

Both first leg ties ended 3-1, but Porto’s home win over 2013 champion Bayern Munich was predicted by few, while Barcelona is a warm favorite to progress with a two-goal cushion after its away leg victory against depleted Paris Saint Germain.

Read it all.

Posted in * Culture-Watch, * International News & Commentary, Europe, France, Germany, Men, Portugal, Spain, Sports

(FIFA) Memories of revivals past buoy wounded Portugal in World Cup 2014

Beaten 4-0 by Germany on their Group G debut and deprived of the services of some of their first-choice players through injury and suspension, Portugal have made an inauspicious start to the 2014 FIFA World Cup Brazil™. Nevertheless, a look at the history books shows that they need not despair. After slow starts at UEFA EURO 2004 and 2012, A Selecção das Quinas went far on both occasions.

Sunday’s meeting with USA is a crucial one for Paulo Bento’s men, and victory would certainly give them a timely lift, especially with Fabio Coentrao having gone back to Lisbon, with his World Cup having come to a premature, injury-enforced end, and Pepe serving a one-match suspension. To make matters worse, Rui Patricio and Hugo Almeida have both picked up knocks that will keep them sidelined until after the group phase, while Bruno Alves is also an injury doubt. All five started against the Germans and their absences ”“ temporary or otherwise ”“ have given coach Bento plenty to ponder as he assesses his options for the USA game.

The Portuguese need not feel too downcast, however, not when they have shown an ability to recover from similar situations in the past.

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Posted in * Culture-Watch, * International News & Commentary, Brazil, Europe, History, Men, Portugal, South America, Sports

Congratulations to Real Madrid for Winning the Champion's League Final

Ángel di María the best player today he deserves the most credit for the win.

By the way, di María will be playing w/ Lionel Messi in the world cup–Argentina will be dangerous

Posted in * Culture-Watch, * International News & Commentary, Europe, Portugal, Spain, Sports

(SI) Ben Lyttleton–Ronaldo captures Ballon d'Or, a prestigious, yet checkered prize

The last time Cristiano Ronaldo won the Ballon D’Or, back in December 2008, it was a rather sedate affair. For starters, the prize came to him; the golden trophy was dispatched to his house in Manchester, where he posed with it and gave a long interview to the competition organizers from France Football magazine.

Back then, he had scored 42 goals and helped Manchester United win the Premier League, the Champions League and the Club World Cup. He had studied the history of the Ballon D’Or, voted on by journalists from 52 European countries, and told France Football at the time: “I’ve now made a place in history and that’s not something everyone can do. But it does not mean I have reached the top. I want more. I’m going back to square one. I’m starting my career again now.”

Six years, five trophies and 283 goals later, at a glittering ceremony Monday in Zurich, broadcast live to 180 countries, a tearful, emotional Ronaldo reacquainted himself with the Ballon D’Or. The player was no longer the callow 23-year-old of 2008, but a global star; the award, too, had changed. This Ballon D’Or is not just a France Football production, but since 2010 has been called the FIFA Ballon D’Or, combining FIFA’s former World Player of the Year award with the Ballon D’Or. So as well as the journalists’ vote, FIFA also collects the votes of international coaches and captains.

Read it all.

Posted in * Culture-Watch, * International News & Commentary, Europe, Men, Portugal, Sports

(Reuters) Portugal political crisis deepens as bond yields soar

Two more Portuguese ministers from the junior ruling coalition party were ready to resign on Wednesday, local media said, deepening turmoil that could trigger a snap election and derail Lisbon’s exit from an EU/IMF bailout.

Multiple newspaper radio and television reports said Agriculture Minister Assuncao Cristas and Social Security Minister Pedro Mota Soares will follow their CDS-PP party leader Paulo Portas who tendered his resignation on Tuesday. Party officials were not available to comment as the party’s executive commission was in a meeting.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Foreign Relations, Globalization, Politics in General, Portugal, Stock Market

From the Do Not Try this at Home Dept.–Garrett McNamara 'surfs record 100ft wave' in Portugal

Watch it all.

Posted in * Culture-Watch, * International News & Commentary, Europe, Men, Portugal, Sports

([London] Times) Alan Posener–Germany reaches its Eurosceptic Moment

The anger within the three parties of the ruling coalition is understandable. These are the parties of the German taxpayer, after all, and ever since the sovereign debt crisis began they have been reciting the mantra that the eurozone is not and will not become a “transfer union”; that there will be no mutualisation of debt; that Mediterranean sloth and tax evasion will not be rewarded by payments from hardworking, honest Nordic Germany.

If this sounds racist, it’s because the debate is tinged on all sides by nationalist stereotypes. The German middle class feels it has been had and the country is digesting Moody’s downgrading of its credit rating. “Is this what we get for saving the Greeks?” asks the tabloid Bild. Good question….

It is impossible to explain to a German who has had her retirement age upped to 67, or an unemployed German whose benefits have been cut to balance the budget, why billions of euros should go south to support governments that didn’t have the guts to slash social spending or who let their citizens retire to the beach at 55.

Read it all (requires subscription).

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, England / UK, Euro, Europe, European Central Bank, Foreign Relations, Germany, Greece, Ireland, Italy, Politics in General, Portugal, Psychology, Spain

Ronaldo puts Portugal into Euro semis with win over Czechs

All too often, Cristiano Ronaldo stuns the world with his fine footwork. On Thursday, the Portugal superstar used the determination of a raging bull to make the difference.

Ronaldo used his head to score the lone goal against the Czech Republic and send his team into the European Championship semifinals with a 1-0 victory.

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Posted in * Culture-Watch, * International News & Commentary, Czech Republic, Europe, Men, Portugal, Sports

Germany and Portugal advance to the Euro 2012 quarterfinals

I tried to watch both at the same time (which was a challenge). These two teams deserved to go through; nice to see Ronaldo have a good game.

Posted in * Culture-Watch, * International News & Commentary, Europe, Germany, Men, Portugal, Sports

(NY Times) Euro Zone Nears Moment of Truth on Staying Together

On consecutive days last week, two of the most powerful figures in Europe ”” Mario Draghi, president of the European Central Bank, and Olli Rehn, the most senior economic official in Brussels ”” warned that the future of the euro zone was in doubt. In the words of Mr. Rehn, the union might well disintegrate unless policy makers took steps to bind the euro’s 17 nations closer together.

Coming as they did from two men at the very soul of the European project, the reprimands were a stark reminder of just how much the Spanish financial meltdown had shaken the confidence of the European brain trust, to say nothing of investors from New York to Beijing.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Foreign Relations, France, Germany, Globalization, Greece, Politics in General, Portugal, Spain, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

The Economist on the Eurozone Crisis–limited federalism is a less miserable solution than break-up

What will become of the European Union? One road leads to the full break-up of the euro, with all its economic and political repercussions. The other involves an unprecedented transfer of wealth across Europe’s borders and, in return, a corresponding surrender of sovereignty. Separate or superstate: those seem to be the alternatives now.

For two crisis-plagued years Europe’s leaders have run away from this choice. They say that they want to keep the euro intact””except, perhaps, for Greece. But northern European creditors, led by Germany, will not pay out enough to assure the euro’s survival, and southern European debtors increasingly resent foreigners telling them how to run their lives.

This has become a test of over 60 years of European integration….

Read it all.

Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Foreign Relations, France, Germany, Greece, History, Italy, Politics in General, Portugal, Spain, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

(NY Times) Eduardo Porter–Leaving the Euro May Be Better Than the Alternative

Like the single market before, …[the Euro] was conceived primarily as glue to bind Europe more closely together, tie Germany’s prosperity to that of its neighbors and prevent a third world war from the Continent, which had brought us two. A few engineering flaws wouldn’t be allowed to get in the way of such an important project.

A little over a decade since the first euro bills hit the shops in Madrid and Berlin, the euro’s design flaws have pushed much of the European Union into a deep economic pit. And political imperative is again being deployed as a major reason to stick to the common currency. “This enormously important motivation is often underestimated by outsiders,” argued the Financial Times columnist Martin Wolf, the most sober analyst of Europe’s economic maelstrom….
The main problem is that while leaders eagerly embraced the monetary bond, they rejected its necessary complement: a central budget that would transfer money from successful regions to underperforming ones, as the United States government sends tax dollars collected in Massachusetts to pay for unemployment benefits in Nevada.

The euro fed the illusion that Greece, Spain and Italy were as creditworthy as Germany or the Netherlands, propelling a decade-long credit boom in Europe’s less-developed periphery. And it was spectacularly ill-designed to deal with the shock when capital flows to those nations suddenly stopped. Weak countries not only had to rely on their own devices; they had to do so without a currency or a monetary policy of their own to absorb the blow….

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Posted in * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Foreign Relations, France, Germany, Greece, Italy, Politics in General, Portugal, Spain, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--

(Telegraph) Roger Bootle–The final death throes of the euro?

The euro crisis is entering its final stages. Economic pain is now interacting with political resistance to produce intense financial pressure. I expect Greece to leave the euro ”“ and perhaps very soon.

It could happen voluntarily, but both the Greek people and Greek politicians are still clinging to the idea that they can put an end to austerity yet still stay in the euro. In order to try to achieve that, a new government may call the eurozone’s bluff.

At that point, the other eurozone members would face an awkward choice. Doubtless there would be voices in favour of providing the money, willy nilly. That might well be the French position. But if the eurozone gives way on this, what chance would there be of painful austerity being continued, not just in Greece but also in Portugal, Spain, Italy and Ireland? The northern countries would face the prospect of pouring money into a bottomless pit.

Read it all.

Posted in * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, Euro, Europe, European Central Bank, Foreign Relations, France, Germany, Greece, Italy, Politics in General, Portugal, Spain

(Economist Leader) Unless Germany and the ECB move quickly, the Euro's collapse is looming

Even as the euro zone hurtles towards a crash, most people are assuming that, in the end, European leaders will do whatever it takes to save the single currency. That is because the consequences of the euro’s destruction are so catastrophic that no sensible policymaker could stand by and let it happen.

A euro break-up would cause a global bust worse even than the one in 2008-09. The world’s most financially integrated region would be ripped apart by defaults, bank failures and the imposition of capital controls….The euro zone could shatter into different pieces, or a large block in the north and a fragmented south. Amid the recriminations and broken treaties after the failure of the European Union’s biggest economic project, wild currency swings between those in the core and those in the periphery would almost certainly bring the single market to a shuddering halt. The survival of the EU itself would be in doubt.

Yet the threat of a disaster does not always stop it from happening. The chances of the euro zone being smashed apart have risen alarmingly, thanks to financial panic, a rapidly weakening economic outlook and pigheaded brinkmanship. The odds of a safe landing are dwindling fast.

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Posted in * Culture-Watch, * Economics, Politics, * International News & Commentary, --European Sovereign Debt Crisis of 2010, Consumer/consumer spending, Corporations/Corporate Life, Credit Markets, Currency Markets, Economy, England / UK, Euro, Europe, European Central Bank, Foreign Relations, France, Germany, Globalization, Greece, History, Ireland, Italy, Politics in General, Portugal, Psychology, Spain, Stock Market, The Banking System/Sector, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--