Santander is no longer being paid by the four transport companies which have accumulated potential Swaps contract losses of over €1.2 billion as at the end of February, according to the president of Portugal’s Treasury Management Agency for Public Debt (IGCP) at a hearing in Parliament.
According to João Moreira Rato, the greatest risk of loss is when these contracts reach maturity or are cancelled.
The motorcaravan brigade that in February were welcomed back by an increasingly desperate Silves council again have been moved on by an intransigent police force which continues to uphold the law about parking in public spaces.
The latest police action occurred without liaison with Silves council which is trying to encourage the motorcaravanners’ return to boost an ailing local economy.
In a surge of optimism, sales in Portugal of all light vehicles this March increased 51.8% compared to the same month last year.
In the period from January to March 2014 there has been an annual growth of 43.8% bringing some cheer to a battered vehicle retail sector.
Prime Minister Cameron is believed to have some sympathy for expat pensioners whose state pensions have been frozen, according to one MP fighting to change the policy.
At present, pensioner expats in certain countries, often commonwealth ones, have their pensions frozen at the time of retirement without benefitting from inflation-linked rises.
The Spanish town of Algeciras and Rio Grande, Tierra del Fuego, in Argentina have twinned in order to protest British control of Gibraltar and the Falkland Islands.
Algeciras is a port across the bay from Gibraltar while Rio Grande is the city from which Argentine military invaded the Falklands.
Nearly 25% of Europe’s bumblebee species are at risk of extinction due to intensive farming and climate change.
The conclusion results from a study of all 68 bumblebee species in Europe carried out by the International Union for Conservation of Nature.
Ryanair, which has opened a base in Lisbon, its third Portugal, expects to carry five million passengers this year, up 16% on 2013.
After outspoken boss Michael O’Leary decided to stop antagonising both passengers and the world’s press, this welcomed comment is from Kenny Jacobs who now is in charge of issuing interesting snippets to the media, and marketing.
Observant GNR officers from São Bartolomeu de Messines, Silves, made an arrest yesterday morning and subsequently charged a 54-year old with burglary.
The GNR patrol was bimbling along the countryside lanes when it spotted a vehicle that it had been interested in for a while, followed it for a while, and then pulled it over near Nora to ask what was going on.
