An investment worthy of a millionaire footballer, captain of industry or investment fund, two luxury apartments in the Chiado area of Lisbon were purchased in 2011 at record-breaking price in the depths of Portugal economic recession.
The buyer was an employee of Portugal Telecom - it’s Chief Executive no less – who used part of €18 million made available to him from the Grupo Espírito Santo slush fund, administered by Ricardo Salgado and used to reward the cherished few for, ‘services rendered.’
A couple from Wales, travelling to Funchal for a holiday break, spend 15 hours not arriving in Madeira, ending up back where they started - Bristol airport - which, although pleasant enough, does not compare favourably with the flower-decked slopes of the scented Portuguese island.
Paul and Ana Davies, 71 and 60, were heading Madeira on Monday to enjoy a week's holiday. They left their home in Wales at 4.30am and caught the three hour easyJet flight which left on time at 07.30am.
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