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Prime Minister António Costa meets protestors' representatives before his keynote Loulé speech

costainloulePortugal’s Prime Minister António Costa on Saturday inaugurated the Dunes Walk which unites Quarteira and Vilamoura, a project that he called "symbolic on several levels."

The PM said the new walkway showed the sort of effort put in to developing the Algarve’s natural resources and environment.

This Week by Len Port: Troubling times for traders

brexitLenThe ‘debate’ over next month’s referendum on whether Britain should stay in or leave the European Union heated up so much this week that it is starting to look like civil war.

It seems to be tearing apart the British Tory government and indeed the whole country. A wider worry in the event of a Brexit is the collateral damage in Portugal and other EU countries.

TV station report 'hastened Banif's demise'

baniflogo2The TV station that may well have hastened Banif’s collapse could end up in court as a report has been lodged with the Public Prosecutor which will decide if there is a case to answer.

TVi’s broadcast on December 13, 2015 resulted in a run on the bank with depositors withdrawing €1 billion in the subsequent few days.

German economy buoyant

mercedesThe German economy boasted its strongest growth in two years.

The first quarter performance exceeded predictions and was driven forward by domestic spending.

Brits jailed for insider trading

justiceA former managing director at Deutsche Bank and a former finance director at Top Shop have both been handed long prison sentences for “persistent, prolonged, deliberate, dishonest behaviour” over making deals on stock markets using classified information.

Martyn Dodgson, 44, previously with Deutsche Bank was given four-and-a-half years for his part in a scam which prosecutors said made a total of £7.4m between 2006 and 2010.

More migrants now reaching Italy

refugeeship2The spotlight is back on Italy as the number of migrant arrivals there has overtaken those in Greece for the first time in nearly a year.

According to Frontex, the EU border agency, 8,370 migrants landed in Italy compared to some 2,700 in Greece.

Eastern Algarve beaches stripped of sand

riaformosaRecents heavy seas, tides and strong winds have left a trail of damage and destruction along the Algarve’s eastern coastline.

Tides across the eastern Algarve stripped sand from beaches leaving concessions in ruins, equipment swept away and buildings exposed, especially in the Ria Formosa area of barrier islands.

Refugee costs, Germany proposes an additonal fuel tax

refugeeraftPortugal, a net recipient of EU funds, has agreed that raising additional taxes to fund the European refugee programme is a good idea but will avoid any measures that will cost Portuguese taxpayers any money.

Additional fuel tax and a Eurobond issue have been floated as ways to finance the cost of the refugee problem with Portugal's Minister so far keeping his opinion muted.