Spain on the brink of deflation

bilbaoSpain’s economic problems deepened after it was revealed that the inflation rate there went down to zero in June.

Spain is the fourth largest economy in the eurozone, but its double-dip recession in 2012 resulted in more than a quarter of its working population without jobs.

Nicolas Sarkozy’s party slings mud at itself

sarkozyNicolas Sarkozy’s political party, the UMP, is in the midst of an internal squabble which is seeping out into the open.

The main centre-right opposition UMP is said to be facing collapse as its senior members hurl accusations at each other of frittering away millions of euros of taxpayer’s money in luxury spending.

Portimão gynaecologist found guilty of negligent homicide

nursePortimão Court has passed judgment on the case of Vera Alves, who died after undergoing ovarian surgery at a private Algarve hospital.

The case dates back to April 2011 when the victim, a 27-year old nurse, underwent surgery to improve her chances of conceiving.

Iconic Portimão ruin to be redeveloped

maborWork to redevelop the Pneus Mabor eyesore overlooking Portimão’s river Arade has been given the green light.

The ‘Mabor Building’ stands on the waterfront in Portimão on Rua Serpa Pinto opposite the Visconde Bivar gardens and for decades has been a landmark for all the wrong reasons.

BES shares suspended - Portugal Telecom hits all time low

besPortugal's stock market regulatory body suspended share trading in Banco Espírito Santo today, until "the release of relevant information," which has yet to be released.

Fears for the future of Banco Espírito Santo generated a wave of selling across European stock markets and made headline news in the Financial Times, Wall Street Journal, CNBC and Bloomberg.

Refunds available for missold policies

4775British consumers are being advised that they may have believed that a genuine application for claiming money back was just junk mail.

The letters concern the misselling of protection schemes.

Health cards set to expire this year

stethascopeAlmost 4.5 million European Health Insurance Cards (EHIC) are due to expire this year.

The card helps the bearer obtain free or cheaper health care within the European Economic Area, which is all the nations of the EU as well as Switzerland, Iceland, Norway and Liechtenstein.

Expats in eurozone see pension values rise

expatThe 445,000 retired British expats living in eurozone have been given a 10% boost in their incomes over the last year.

The windfall results from a strong pound as well as the annual increase in payments.