LISBON, Portugal (AP) — Bailed-out Portugal's economic recovery program is proceeding as planned but "formidable challenges" stand in the country's path amid a steep recession and market misgivings about Europe's response to its debt crisis, the International Monetary Fund said Thursday. Connect With Us on Twitter Follow @nytimesworld for international breaking news and headlines. Twitter List: Reporters and Editors Portugal's debt-laden economy was engulfed by the debt crisis crippling the 17 countries that use the euro last year. It followed Greece and Ireland in taking an international bailout after worried investors began charging unaffordable amounts to lend the country money,...
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By Christopher S. Rugaber The Associated PressAssociated PressPosted: 04/05/2012 08:40:53 AM PDTApril 5, 2012 3:43 PM GMTUpdated: 04/05/2012 08:42:57 AM PDT FILE - Martina Ryberg, right, of Plymouth State University talks with Tara Rossetti of On Call International during a job fair for college students on April 4, 2012...
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LISBON (Reuters) - Chasing deficit targets may no longer be Portugal's best policy if its economic slump deepens more than expected, the International Monetary Fund said on Thursday. It stopped short of calling for targets set under an EU/IMF bailout to be eased, but signalled concern over waning external demand and the recessive impact of bailout austerity. But it also said that this year's targets remained in reach. Portugal's lenders from the European Union have so far said sticking to stringent fiscal targets and reforms is the answer to the country's woes. ...
IMF: Portugal Is on Track but Big Risks Remain
05.04.2012 18:31 
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