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Former BES boss claims clients had more confidence in bad bank than they do in ‘good’ Novo Banco

EIC 28 February 2016

Ricardo SalgadoLess than a day after the good bank that emerged from the BES collapse posted historic losses of almost one billion euros, former BES ‘boss of this all’ Ricardo Salgado has come bursting back onto the scene, saying it is time for the Governor of the Bank of Portugal to be hung out to dry.

Latest losses suffered by Novo Banco not only cannot be laid to blame at his door - as they have been - says Salgado, but they show that clients had more trust in his family’s bank than they do in Novo Banco.

It is a swingeing attack by a man who is on €3 million bail on suspicion of all kinds of financial skulduggery, but then he has always proclaimed his innocence - and so far, there are no charges in either the Monte Branco investigation or that into BES in which he is under suspicion.

Read more …

It's snowing on Monchique

EIC 26 February 2016

polaqrbearmonchiqueThere is snow on Monchique for the first time since 2006.

The moisture-laden storm from the Atlantic Ocean brough a variety of disruptive weather to the Iberian Peninsula and South of France on Friday and well into Saturday.

 

Read more …

Crash closes EN270 at Fonte da Murta, São Brás - 5 injured

EIC 26 February 2016

inemAn accident left five people injured and blocked a section of the Tavira to Messines road for several hours while police emergency services attended to the victims and then cleared the wreckage.

The injured were transported by the ambulance service to Faro Hospital which has yet to announce the severity of the injuries nor the state of the victims.

Read more …

Road funding contract scam "savings are just 25% of what we were told"

EIC 26 February 2016

6272The government this year wants to conclude an extensive analysis of the renegotiated Public Private Partnership (PPP) arrangements for Portugal’s road network.

This is a serious exercise to determine "the real reduction of net charges" for the taxpayer, according to the Minister of Planning and Infrastructure, Pedro Marques.

Read more …

Albufeira council gets flood damage funding

EIC 26 February 2016

albufeira2Albufeira Council now has funding from the Municipal Emergency Fund to repair the damage left after severe flooding hit the city last November 1st.

An order published in the Official Gazette yesterday finally allows the municipality access to the fund and enables a spend of €798,000 and a reimbursement of €478,800 representing a 60% contribution from central government.

Read more …

Amnesty report mentions Guimarães Stadium cop attack incident

EIC 26 February 2016

amnestyRoma and people of African descent continued to face discrimination in Portugal, according to Amnesty International's annual report which highlighted further reports of excessive use of force by police and prison conditions remained inadequate.

Following a visit in January, the UN Special Rapporteur on the independence of judges and lawyers expressed concern that rising court and legal fees were obstructing access to justice for more people living in poverty as a result of the economic crisis.

Read more …

“Love wins” same-sex unions in Italy

26 February 2016

holdinghandsItaly has agreed a bill to recognise civil unions between couples of the same sex.

The civil union legislation passed by 173 votes to 71 in the country’s senate, despite opposition from the Catholic Church as well as political manoeuvring which have halted the legislation.

Read more …

Robots replaced by humans in Germany

26 February 2016

FACTORYmERCMercedes-Benz car manufacturer has made its robot workers redundant and plans to replace them with humans.

Luxury cars offer buyers multiple choice when it comes to extras, anything from cooled or heater cup holders to the style of caps on tyre valves in the S-Class sedan.

Read more …
  1. WWI minesweeper found off the Portuguese coast
  2. Quarteira woman duped clients out of €300,000 in 'tax payments'
  3. Expat voting rights pushed by British MP
  4. Novo Banco to sack 500 staff
  5. TAP urgently needs cash to stay in business
  6. Germany pays refugees to return home
  7. Olhão residents gnawed by rats
  8. Algarve daytime fishing ban lifted

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