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Drug trail patient dies in France

pillsdesignerA volunteer, rendered brain-dead when a clinical trial went disastrously wrong in France, has died in a Rennes hospital.

The trials of a new drug developed by Portuguese company Bial also triggered the hospitalisation of a further five patients who now have undergone tests and are said to be stable.

Germany’s deportations hindered by missing papers

passportbulgarianGermany is being hampered in its efforts to repatriate migrants from north Africa.

It has called on officials from Algeria and Morocco to expedite the acceptance of those of their nationals who have no residence permits for Germany so that it can better concentrate on dealing with asylum seekers seeking to dodge violence and war.

Martinhal owner wins 'Manager of the Year' award

martinhalFormer Secretary of State for Tourism, Adolfo Mesquita Nunes, was chosen as ‘best public manager of the year’ in the third annual Amadeus Brighter Awards ceremony.

The former Secretary of State for Tourism was given the awarded for his innovation in the tourism sector, primarily for his work on digital marketing and developing new ways of promoting Portugal as a top tourism destination – it was not for his launch and the subsequent failure of the Alojamanto Local legislation.

VRSA to contract out its water and sewage service

vrsa2Vila Real de Santo António council is to privatise the area’s water and sewage systems as it launches a tender process for a 30-year contract.

The municipality is seeking €47 million at current prices, updated according to inflation as the contract progresses.

Algarve wins top spot for British tourists

4828The Algarve has trumped Prague having risen to the number one spot for the most affordable holiday destination for British tourists.

While prices fell by as much as 31% in more than half the 44 cities and resorts surveyed worldwide, in the Algarve the drop was recorded as 19% by the annual Post Office Travel Money report.

IMF wants debt relief for Greece

greekbankGreece has conceded that the IMF will play a part in its new rescue deal.

Greek finance minister Euclid Tsakalotos said his government was now committed to keeping the IMF on board.

International investor confidence shaken by Bank of Portugal governor

ftThe Financial Times has joined in the rising clamour surrounding the Bank of Portugal’s governor whose recent series of actions have caused international opprobrium, with overseas investors’ trust in Portugal at a depressing and avoidable low.

The recent stripping of investors of €2 billion in bonds held by Novo Banco has affected the principle of equal treatment of debtors, has left large institutions such as Pimco hundreds of millions out of pocket and has left another group of individuals without their life savings.

Prison sentence demanded for former IMF boss

prisoninteriorSpanish prosecutors have called for a 4.5 year prison sentence for the former head of the IMF.

Rodrigo Rato is one of 66 people caught in a scandal in which executives and board members at Caja Madrid and Bankia banks misappropriated money.