The Portuguese government announced on Thursday that Mario Centeno, who resigned from his role as finance minister last month and also stepped down as head of the Eurogroup, will be the country’s next central bank governor.
Finance Minister Mario Centeno is stepping down from the Portuguese government, though the country’s prime minister insisted Tuesday that his policies of fiscal restraint and budget discipline will remain in place.
The country's public debt rose to €262.1 billion ($291.24 billion) in April, over 2.82% in comparison to March when the number remained at €254.8 billion, according to the Portuguese central bank Banco de Portugal (BdP) on Monday, 1 June.
Portugal’s foreign minister Augusto Santos Silva said on Friday that tourists are welcome in his country and noted that no quarantine would be imposed on people arriving by plane. He added that only “minimal health controls,” which he did not specify, will be enacted at airports.
One in four Portuguese with a monthly household income of €650 ($705) or less have lost all their income because of the economic impact of the coronavirus outbreak, a study by the National School of Public Health showed on Saturday.
Portugal’s parliament approved on Thursday the suspension of rents for vulnerable households and cash-strapped small firms during the coronavirus outbreak, but rights groups warned that the measure might only delay a looming housing crisis.
All foreigners in Portugal with pending applications will be treated as permanent residents from Monday until at least 1 July, authorities said on Saturday, to ensure migrants have access to public services during the coronavirus outbreak.
Portugal’s government told people to stay indoors but assured them there would be enough food on the shelves as a nationwide state of emergency to combat the coronavirus outbreak began on Thursday. For at least 15 days, all non-essential businesses will be closed to customers, although restaurants will be allowed to provide takeaway services.