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Mafia loot in government hands

italy3The Italian government is sitting on billions of loot, all seized from the mafia.

Authorities have acquired a massive portfolio of assets and cash after seizing them from mafia members.  Alongside the portfolio, however, is the problem of managing them.

Hammer falls on Spanish airport

ciudadrealairportAfter Spain spent €1bn to build an airport which was scarcely used, they sold it to the Chinese for €10,000.

Ciudad Real airport, in central Spain 100 miles south of Madrid, will be converted by the new owners into a global freight hub for the Chinese market.

Portugal among countries that “most request information on suspected terrorists”

Portugal among countries that “most request information on suspected terrorists”An annual report by Eurojust has shown that Portugal is among the European countries that most request information on suspected terrorists - with Spain, Germany and the UK, being the others.

Germany agrees to Greek bailout #3

merkelGermany gave its authorisation on Friday for the eurozone and Greece to negotiate a third bailout amid warnings from Angela Merkel that the alternative was chaos and that a previous suggestion that Greece take a breather from the eurozone was a non-starter.

The German public and many of its politicians are wary of giving more aid to Greece which they say will be unable to crawl from its financial pit with another €80 billion added to its existing debt mountain.

CBI says business needs more skilled foreign workers

tradingestateThe CBI says that some its members are struggling because the tight migration policy in the UK means they cannot recruit skilled foreign workers.

The cap on tier two general visas for skilled workers stands at 20,700 per year, with each month having a quota.

Algarve businesses need Faro bikers festival

bikersAs Faro and surrounding towns fill up with bikers from all over Europe, the president of the Association of Trade and Services of the Algarve Region (ACRAL) added his thoughts to the debate over policing policies in previous years.

Victor Guerreiro regrets that the Faro Motorcycle Festival has been overshadowed in recent years by "some overzealous law enforcement authorities," to the point at which the organiser, Moto Clube de Faro, was on the point on dropping the festival, or more likely moving it over the border to a more welcoming Spain.

Barclays to shut many expat accounts

barclays2Barclays Bank has said it will close accounts held by expats which do not have £100,000 in them.

The action is likely to come in the next few months. Letters to some expats in Cyprus have already been sent informing them their accounts will be shut unless they contain £100,000.

Lagoa shoplifter to be extradited

shoplifterLagoa GNR officers were called to a shop in Parchal, Lagoa to tackle a man over a suspected shoplifting incident only to find he was subject to an International Arrest Warrant.

The foreign citizen, 48, was detained while the GNR checked his details which triggered an alert that the suspect had been wanted since March on charges of theft and drug dealing back in his home country.