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Irish economy marches boldly ahead

irishhouse“Starting to fire on all cylinders” is part of the analysis about Ireland’s economy made by the International Monetary Fund.

The new report also notes there remain high unemployment, widespread mortgage arrears (15% of all mortgage holders) and a housing market which is still 38% below the peak.

Algarve - French tourist found dead in motorhome

vrsa2The badly decomposed body of a French tourist has been discovered, wrapped in a sleeping bag in his motorhome that was parked in Vila Real de Santo António in the far eastern Algarve.

Police were called on Monday evening as the yelps of a dog, also inside the motorhome, had alerted a passer-by.

Bank of Portugal Governor - 'I did not steal anything from anyone'

bop3The embattled Governor of the Bank of Portugal revealed today that seven companies remain interested in bidding for Novo Banco.

In his second appearance in front of the commission of inquiry looking at the collapse of BES, the Bank of Portugal Governor, Carlos Costa, said the solution imposed on BES was not intended to destroy the bank but to help rescue the entire banking system.

Portugal misses target for road death reduction

crashloulePortugal and the EU are far from achieving their strategic objective of halving road deaths between 2010 and 2020.

The fatal road accident rate in Portugal did fall last year by 3% compared to 2013 and this matched the general decline across the EU member states.

Portugal's Left Bloc - 'Homes should not be seized to pay off debts'

catarinamartinsThe Left Bloc’s Catarina Martins has re-announced a vote winning initiative which is sure to attract those of Portugal’s population that are struggling financially.

"Anyone who already has lost everything can not also lose their home." This proposal from the Left Bloc will be discussed in Parliament on 2 April.

Asylum applicants spurn Portugal

refugeesWith more asylum seekers than ever asking for help from EU countries, fewer than ever are coming to Portugal.

In just one year’s time, there was an enormous 44% increase in applicants in the EU, reaching a peak of 626,000 people.

Trial likely in latest Spanish corruption scandal

eurozoneAs a result, the way has been opened for the trial of the main suspect in the case. He is Luis Barcenas, former treasurer of the party and a political ally of conservative prime minister Mariano Rajoy.

Investigating judge Pablo Ruz gathered evidence that the party “from 1990 to at least 2008 drew on various sources of funding outside of the legal economic sphere”, his tribunal said in a statement.

Giant salamander found in Loulé lake

loulesalamanderFor the timid, be assured that the beast roamed the Algarve some 200 million years ago.
 
The salamander has been named Algarvensis Metoposaurus in tribute to the find which according to paleontologist Octavio Mateus is of a species that coexisted with the first dinosaurs and disappeared during the extinction that occurred 201 million years ago caused by volcanic activity and climate change.