Portugal's Prime Minister, António Costa, has mounted a stiff verbal assault on Germany and France in his defence of Chinese investment in the EU.
Costa has insisted that EU member states should not misuse new security measures applying to Chinese business by creating trade barriers across Europe.
"Brexit is a lesson for all of us: it’s time for renewal," stated the president of France, Emmanuel Macron, who continued:
Citizens of Europe, if I am taking the liberty of addressing you directly, it is not only in the name of the history and values that unite us, but because time is of the essence. A few weeks from now the European elections will be decisive for the future of our continent.
The victim of a knife attack in Praia da Rocha, Portimao, died of his injuries in the Barlavento hospital (pictured) on Saturday morning.
Brálio Tomé was stabbed in the neck after refusing to hand over a cigarette.
Another 700 kilos of illegally harvested Ria Formosa shellfish has been seized by the Maritime Police as part of a welcome series of surveillance operations.
The Police has been on the case in detecting the illegal harvesting of bivalves and seahorses whose dried bodies are sold for the Chinese medicine market.
Portuguese food and drink exports hit the €5 billion mark in 2018, a 3.1% year-on-year increase and a new record.
Food and beverage sales accounted for 8.66% of Portuguese exports last year, according to data published by the food industry Federation.
A messy Brexit could have “significant consequences” and is the biggest short-term risk to the British economy, Christine Lagarde said to Portugal’s state council, the Portuguese president’s highest consultative body.
“All likely Brexit outcomes will involve net costs for the UK economy. But the higher the impediments that arise in the new relationship with Europe, the higher the cost,” added the IMF chief.
The Resolution Fund needs €300 million of its own money, plus a taxpayer loan of €850 million, to hand over Novo Banco, controlled by the US vulture fund, Lone Star.
The shocking call for yet more cash to cover property write downs, as agreed by the Bank of Portugal’s governor, Carlos Costa, is €1.15 billion.
The United Kingdom was the largest foreign investor in Portugal in 2018, according to a delighted Secretary of State for Internationalisation who claims that this is an indication that Portugal is working well in attracting foreign money.
Eurico Brilhante Dias, interviewed on Antenna 1, said that Portugal has captured investment due to the uncertainty generated by Brexit and that €900 million originated from the UK, more than from the Netherlands and Luxembourg, the financial centres that normally top the ranking.
