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Madeira votes in new leader after 37 long years

madeiraalbuquerqueManuel Albuquerque is the new name to remember for Madeira as he has been voted in as the new President of the regional government.

He is a Social Democrat and the PSD won a controlling majority with 44.33% of the islanders’ votes with 24 of its MPs being elected.

Finanças seize four cakes over alleged debt

financaslogoThe ever-hungry tax office has excelled even its own record for the silliest seizure as its trained officers pounced on a restaurant and took legal charge over four cakes.

The cakes were expertly valued at 30 cents each by the fully trained tax staff as they took a small but important bite out of the restaurant’s €92,000 debt.

Portugal - unemployment figure rises despite government manipulation

homelessThe Communist party was quick off the mark today as the new unemployment figures showed a rise in February in the face of government assurances that all is well and the economy is booming.

The PCP said that the number of unemployed Portuguese keeps increasing, "Despite the already very high unemployment level in Portugal, since last September unemployment has continued to grow, reaching 14.1% in February with 719,600 unemployed," said José Lourenço, from the committee of economic activities of the PCP.

Eurozone - cheapest labour in Portugal and Malta

womenatworkThe average cost of labour per hour across the 28 member countries of the European Union was estimated to be €24.60 in 2014, rising to €29.20 among the 18 nation-eurozone.

The range stretches from €40.3 in Denmark to €3.80 in Bulgaria.

UK Election - British expat challenges Boris despite vote ban

4801James Jackson is banned from voting in UK parliamentary elections but is allowed to stand as a MP, which is exactly what this Briton is going to do.

Jackson lives in France and is to contest the Uxbridge & South Ruislip seat which also is being contested by Boris Johnson, the current Mayor of London.

Andorra rocked by banking scandal

eurozoneThe authority said “corrupt high–level managers and weak anti–money-laundering controls have made BPA (Banca Privada d’Andorra) an easy vehicle for third–party money-launderers”.

It claimed that three senior managers accepted bribes to help criminals in Russia, Venezuela and China to funnel money through the Andorran system.

BES bondholders no closer to a deal

novobancoFinancially affected Grupo Espírito Santo bondholders have managed at last to meet some of the directors of Novo Banco but left with no deal, just an agreement to keep talking.

The group of customers who feel that BES staff misled them into investing in Grupo Espírito Santo company bonds are owed over €500 million and have been seeking recompense from Novo Banco, the new entity created to take over the nice parts of BES when it went under last August.

Barrier Reef victory

greatbarreirreefFish have returned to the Great Barrier Reef in numbers not seen since Europeans settled in Australia.

The result stems from a ban on fishing which was imposed at first on a limited section of the world-famous reef. It was expanded in 2004 to cover 33% of the marine park.