Portugal’s central bank warned today that the country’s fiscal consolidation is not complete and that three years of austerity measures so far have raised only half the amount needed for the government to hit its own target.
Approximately €7 billion in additional austerity measures (4% of GDP) will have to be found for the structural deficit to reach 0.5% by 2019, as planned.
Mrs Kirsty Isobel Hayes has been appointed Her Majesty's Ambassador to the Portuguese Republic.
Mrs Kirsty Isobel Hayes has been appointed Her Majesty’s Ambassador to the Portuguese Republic in succession to Mrs Jill Gallard, who will be transferring to another Diplomatic Service appointment. Mrs Hayes will take up her appointment during August 2014.
The government has replied to a question about the Algarve needing a dedicated tugboat, saying 'forget it.'
This has enraged local Communist Party MP Paulo Sá and other members of the CFP who insist that the Algarve’s ports need a tug “to service the expansion of port activities in the region, for the safety of navigation and for environmental protection."
A second phase in the search for clues relating to the missing British toddler Madeleine McCann begun today near Praia da Luz.
For the past seven days members of the British police, overseen by Portuguese police officers, have concentrated their fingertip and geo-radar searches in an area of scrubland within the Praia da Luz area.
The GNR detected 489 violations related to tax evasion during Operation Tribute which involved stopping trade vehicles over a six day period.
Drivers of 9,017 heavy good vehicles have been pulled over and 489 offenses were detected, 355 of which related to the new Guia de Transporte system which has been criticised as being intrusive, unworkable and overly bureaucratic by business groups.
For people in Britain, it is images of flooding which determine their perceptions of the risks involved with climate change.
A survey disclosed that people now think that heat waves, hot summers and droughts strong enough to empty reservoirs are less common events in their lifetimes, but that flooding and coastal erosion had become more frequent.
Portugal's debt and treasury agency today issued €975 million in government bonds with demand exceeding supply by 2.43.
The ten-year bond sale was seen as an acid test for Portugal’s financial stability and the achievement of an average interest rate of 3.2524%, compared to 3.5752% in the last auction in April, has been heralded across Europe as a success.
The amount of private wealth in households around the world jumped more than 14% last year, hitting $152 trillion (£90tn).
The UK sported the world's second largest number of super rich households for a second year in a row, but the rate of growth is faster in other wealthy countries.
