A round-up of public finance news stories from the Europe region you might have missed this week (August 19-23).

Portuguese government tightens financial controls on public sector companies

The government in Portugal has approved new rules for public sector companies that tighten financial controls over them with a view limiting their capacity to get into debt. (The Portugal News)

Over 5,000 public service jobs filled in Ireland despite recruitment ban

More than 5,000 jobs have been filled in the public service with the authorisation of the Department of Finance in Ireland over the past three years, despite a recruitment freeze. (Independent.ie)

Dutch public sector top earners agree to a salary cut

At least 19 top earners working in education or public broadcasting have agreed to take a salary cut, the Netherland’s education and culture ministry has said. (DutchNews.nl)

Greece will need new bailout, says Germany's Schaeuble

Germany's finance minister Wolfgang Schaeuble has said for the first time that Greece will need another bailout to plug a forthcoming funding gap. (BBC News)

Promotions without extra pay may be allowed in Cypriot public service

The Cypriot government has said it is willing to allow promotions in the civil service to restart, as long as they do not result in additional expenses as the country seeks to cut spending. (Cyprus Mail)