European investors appear to have been resuming their love affair with gold.
The increased buying is believed to be the result of uncertainty over Greece and Russia, expected rises in interest rates in the US and UK as well as the €1.1 trillion quantitative easing programme in operation now from the European Central Bank.
The Dona Maria II Bridge (pictured) in Lagos reopened on Monday evening three years and six months after being closed to traffic when judged by engineers to be close to collapse.
The work on the historic structure ended up going over budget and cost around €1 million, 65% of which was sent from Brussels and the balance paid for by Lagos ratepayers.
More people in Spain are spurning the two traditional political parties which have played ping pong with power since Franco’s death despite the plethora of corruption scandals hitting both.
Various opinion polls have indicated that the country is facing an unpredictable general election in early December.
Holders of commercial paper in Espiríto Santo Property have started to receive some of their funds as prosecutors have unblocked €7.3 million for distribution.
Those BES customers unwittingly holding commercial paper in the property company, rather than having their money safely on deposit as many had thought, are to receive a first tranche of 20% of the debt.
Portugal's government expects the sale of Novo Banco to go through "as soon as possible"
At issue are concerns for the country's finances, said the Minister of the Presidency, Marques Guedes (pictured), at a press conference that followed today’s meeting of the Council of Ministers.
French vintners are smiling this year as pundits say the conditions for the grapes are “near perfect, even idyllic”.
The recent hot, dry weather has been playing its part in keeping down grape rot and powdery mildew as well as bringing the grapes to maturity. Never likely to miss a moan, French farmers had been complaining about the very dry summer over much of the country’s vineyards, but that weather seems to be working towards their benefit.
The Financial Times reported today that Portugal in the near future will have "the lowest proportion of children" of any European population.
The description of a ‘perfect demographic storm’ was backed up by data confirming the country’s continuing low birth rate and the wave of emigration caused by the recession, both serving to transform Portugal into a society of single child families with an increasingly proportion of retirees to taxpayers.
Food safety officers from ASAE have impounded more than seven tons of food in a follow up operation after the recent "Street Food" event in Portimão.
The "Street Food" event took place between July 23 and August 2 in Portimão with up to 70 attendees ending up in the local hospital due to dodgy pork rolls purchased from the Mr Pig stand. A local shop was ordered to cease trading due to a worrying lack of hygiene.
