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Fewer Algarve road deaths but accident rate is up

accident125The number of deaths and serious injuries suffered in accidents on the Algarve’s roads was lower for the period Jan 1st to the end of May 2016 than in the past two years.

The Jan 1st to May 31st figures show the number of accidents increased compared to the same periods in 2015 and 2014 but that deaths were down.

Banif losers take Bank of Portugal to court

baniflogo2Those whose savings were wiped out or severely depleted in the disastrous Banif ‘rescue’ are to sue both the Bank of Portugal and the Stock Market Commission.

The Defense Association of Injured Parties is already taking action against TVi and the European Union.

State to refinance Caixa Geral even though 2013 bailout has not been repaid

caixageralPortugal’s government has handed in its cunning plan to throw more taxpayers’ money at ailing bank Caixa Geral de Depósitos.

Brussels, despite its obsessive insistence that Portugal hits the financial targets set for the year, it has even asked for a stand-by Plan B in case things get tight - has read the plan and has given the go-ahead for the €4 billion refinancing as long as this State aid is provided in the same way as would be provided by a private investor, i.e. it is not categorised as ‘State aid’ in the national accounts.

EU countries fail to endorse controversial glyphosate

gmcropsEU nations have refused to agree to a limited extension for using the pesticide glyphosate found in Monsanto’s Roundup and other weedkilling products.

Earlier this year a proposal to renew the licence in the EU for glyphosate for as many as 15 years did not garner sufficient support on two separate occasions.

Hornet’s nest whipped up over German vote

armeniaflagTurkish President Recep Tayyip Erdogan has lashed out further after the German parliament decided overwhelmingly that the Ottoman Empire was responsible for genocide of Armenians.

Turkish administrations have consistently denied the 1915-1916 massacres amounted to genocide.

Obama squeezes Spain into his schedule

statueoflibertyUS president Barak Obama is heading to sunny Spain for his first state visit there.

After attending his fifth and last summit with Nato leaders in Poland on 7-9 July, the president will spend 9-11 July in Spain for meetings on security and economy.

Rotary Club to pay customs duty for van donated to Tavira charity

disabledA van donated by the French Rotary Club 'Villeneuve Loubet Baie des Anges' near Nice, to the Fundação Irene Rolo in Tavira offically has been handed over.

An earlier report indicated that Portugal’s Tax Authority had demanded a customs duty of €8,000, a position that has not changed with the government refusing to enter into any conversation regarding the amount.

(See: 'Customs Authority demands €8,000 for van donated to Tavira charity.')

Ricardo Salgado to appeal €4 million fine from Bank of Portugal

SALGADODEC2015The Bank of Portugal has blamed Ricardo Salgado and eight of his colleagues for a range of management and fiscal offences that led to the fall in 2014 of the Espírito Santo empire.

Ricardo Salgado has been fined €4 million by the regulator and is not allowed to be in charge of any business for ten years, effectively a lifetime ban.