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Maria Luís Albuquerque
Maria Luís Albuquerque (born 16 September 1967 in Braga) is a Portuguese politician. She served as Minister of State and Finance between 2013 and 2015. Early life and education Albuquerque is married and has three children. She graduated in economics in 1991 from Universidade Lusíada, in Lisbon, and holds a Master's degree (1997) in Monetary and Financial Economics from ISEG, Technical University of Lisbon. Career Albuquerque worked at the Directorate General of Treasury from 1996 to 1999; at the office of Higher Technical Studies and Economic Forecasts of the Ministry of Economy from 1999 to 2001 and as an advisor to the Secretary of State for Treasury and Finance in 2001. Between 2001 and 2007 she was director of the Department of Financial Management of REFER, the railway infrastructure public company. From 2007 to 2011 she was head of Issuing and Markets Department at the Portuguese Debt Management Agency. She was a lecturer at Universidade Lusíada between 1991 and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Portugal)
The Ministry of Finance ( pt, Ministério das Finanças) is a Portuguese government ministry. History The Ministry of Finance has its origins on the Comptrollerships of the Exchequer (''vedorias da Fazenda'') created in the 14th century to run the State's financial affairs. After 1584, the comptrollerships are replaced by the Council of the Court of the Exchequer (''Conselho do Tribunal da Fazenda''). In 1761, the Royal Treasury (''Erário Régio'') is created, and it becomes the central department of State Finance. The modern Ministry of Finance is created in 1788, then under the designation of Secretary of State for the Affairs of the Exchequer (''Secretaria de Estado dos Negócios da Fazenda''). In 1849, it turns into the Ministry of the Exchequer Affairs (''Ministério dos Negócios da Fazenda''), or simply Ministry of the Exchequer (''Ministério da Fazenda''). In 1910, following the republican ''coup d'état'', the department is renamed Ministry of Finance (''Ministério d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ecofin
The Economic and Financial Affairs Council (ECOFIN) is one of the oldest configurations of the Council of the European Union and is composed of the economics and finance ministers of the 27 European Union member states, as well as Budget Ministers when budgetary issues are discussed. ECOFIN often works with the European Commissioner for Economic and Financial Affairs and the President of the European Central Bank. Tasks The Council covers a number of EU policy areas, such as economic policy coordination, economic surveillance, monitoring of Member States' budgetary policy and public finances, the euro (legal, practical and international aspects), financial markets and capital movements and economic relations with third countries. It also prepares and adopts every year, together with the European Parliament, the budget of the European Union which is about €145 bn. Decision making The council meets once a month and decides mainly by qualified majority, in consultation or code ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Espírito Santo
Banco Espírito Santo (BES) was a Portuguese bank based in Lisbon that on 4 August 2014 was split in two banks: Novo Banco, which kept its healthy operations, and a "bad bank" to keep its toxic assets. It once was the second-largest listed Portuguese bank and the ninth-largest contributor to the PSI-20 index. BES was the second-largest private financial institution in Portugal in terms of net assets (€80,700 million in March 2011), with an average market share of 20.3% in Portugal and 2.1 million clients. On 3 August 2014, Banco de Portugal, Portugal's central bank, announced a €4.4 billion bailout of BES that heralded the end of BES as a private bank. The bailout was funded by the Portuguese Resolution Fund ( pt, Fundo de Resolução). The bank was split into a healthy bank, Novo Banco, while the toxic assets remained in the existing bank until its liquidation in July 2016. It has since been proven that the administration of BES led by Ricardo Salgado "disobeyed the Bank of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austerity
Austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both. There are three primary types of austerity measures: higher taxes to fund spending, raising taxes while cutting spending, and lower taxes and lower government spending. Austerity measures are often used by governments that find it difficult to borrow or meet their existing obligations to pay back loans. The measures are meant to reduce the budget deficit by bringing government revenues closer to expenditures. Proponents of these measures state that this reduces the amount of borrowing required and may also demonstrate a government's fiscal discipline to creditors and credit rating agencies and make borrowing easier and cheaper as a result. In most macroeconomic models, austerity policies which reduce government spending lead to increased unemployment in the short term. These reductions in employment usually occur di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2010–14 Portuguese Financial Crisis
1 (one, unit, unity) is a number representing a single or the only entity. 1 is also a numerical digit and represents a single unit of counting or measurement. For example, a line segment of ''unit length'' is a line segment of length 1. In conventions of sign where zero is considered neither positive nor negative, 1 is the first and smallest positive integer. It is also sometimes considered the first of the infinite sequence of natural numbers, followed by 2, although by other definitions 1 is the second natural number, following 0. The fundamental mathematical property of 1 is to be a multiplicative identity, meaning that any number multiplied by 1 equals the same number. Most if not all properties of 1 can be deduced from this. In advanced mathematics, a multiplicative identity is often denoted 1, even if it is not a number. 1 is by convention not considered a prime number; this was not universally accepted until the mid-20th century. Additionally, 1 is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale Anthropogenic hazard, anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as monetary policy, incr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manuela Ferreira Leite
Maria Manuela Dias Ferreira Leite GCC GCIH (born Lisbon, 3 December 1940), commonly known as Manuela Ferreira Leite (), is a Portuguese economist, pundit and retired politician. Background She was born in Lisbon, Portugal. Manuela Ferreira Leite comes from a family of many generations of famous lawyers, but she has chosen to follow finance and economics instead. Her brother José Eugénio Dias Ferreira is a Lisbon lawyer and a political commentator and sports commentator. She is a daughter of Carlos Eugénio Dias Ferreira (b. Lisbon, 18 May 1908), a Licentiate in Law from the Faculty of Law of the University of Lisbon and a lawyer, and wife Julieta Teixeira de Carvalho, a Licentiate in Engineering from the Instituto Superior Técnico of the Technical University of Lisbon and an engineer, daughter of José Teixeira de Carvalho and wife Etelvina Ferreira de Carvalho. Her paternal grandfather José Eugénio Dias Ferreira (Lisbon, 13 November 1882 – Lisbon, 17 January 1953) was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikkei, with core editorial offices across Britain, the United States and continental Europe. In July 2015, Pearson sold the publication to Nikkei for £844 million (US$1.32 billion) after owning it since 1957. In 2019, it reported one million paying subscriptions, three-quarters of which were digital subscriptions. The newspaper has a prominent focus on financial journalism and economic analysis over generalist reporting, drawing both criticism and acclaim. The daily sponsors an annual book award and publishes a " Person of the Year" feature. The paper was founded in January 1888 as the ''London Financial Guide'' before rebranding a month later as the ''Financial Times''. It was first circulated around metropolitan London by James Sherid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
José Sócrates
José Sócrates Carvalho Pinto de Sousa, GCIH (born 6 September 1957), commonly known as José Sócrates (), is a Portuguese politician who was the prime minister of Portugal from 12 March 2005 to 21 June 2011. For the second half of 2007, he acted as the president-in-office of the Council of the European Union. Sócrates grew up in the industrial city of Covilhã. He joined the centre-left Socialist Party in 1981 and was elected as a member of parliament in 1987. Sócrates entered the government in 1995, as secretary of state for environment in the first cabinet of António Guterres. Two years later, he became Minister of Youth and Sports (where he helped to organize Portugal's successful bid to host UEFA Euro 2004) and in 1999 became Minister for Environment. Sócrates prominence rose during the governments of António Guterres to the point that when the prime minister resigned in 2001, he considered to appoint Sócrates as his successor. In opposition, José Sócrates was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
