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Portugal

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Pressure on Bank of Portugal as BES fallout escalates

Banco Espírito Santo may be no more – but almost as soon as the Bank of Portugal revealed the €4.9 billion rescue package that it claimed posed “no risks to

August 6, 2014by shareitIn BES, Portugal
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British sailor who took part in sailing competition in Algarve is found dead

A young British sailor who had taken part in the Isaf Youth Sailing World Championships in Tavira last month and finished 11th was found dead in the UK. According to

August 5, 2014by shareitIn Portugal
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UPDATE: Six road deaths in 18 hours as GNR launch “Operation Welcome”

Within hours of August 1 – the start of Portugal’s traditional holiday month – six people had lost their lives on the country’s roads and bye-ways. As funerals went ahead,

August 5, 2014by shareitIn GNR Police, Portugal
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Meco tragedy: Parents consider appeal to European Court of Human Rights

They refuse to give up. News that investigation into the tragedy at Meco beach has been archived will not stop the families of the six students who died from demanding

August 5, 2014by shareitIn Meco, Portugal
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“Codfish king” under house arrest after police bust prostitution ring

For more than a year, two apartments in the centre of Paredes (near Porto) were used as the base of a prostitution ring headed by a fish salesman known as

August 5, 2014by shareitIn Portugal
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Follow the money… the dizzy trail of digits that translates into BES’ spectacular fall from grace

There are “so many numbers that it is difficult to decipher what they all mean”. Journalist José Carlos Marques has made a good job of trying, however – and he

August 3, 2014by shareitIn BES, Money, Portugal
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Porsche driver hits wild boar and demands compensation from road company

Porsche driver Duarte Fraga may find the law on his side – but nowhere in this bizarre story involving an unspecified number of wild boar flying through the air to

August 2, 2014by shareitIn Portugal
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Two Portuguese hospitals ‘prepared for Ebola’ as virus runs “out of control”

As the World Health Organisation (WHO) declares Ebola to be running “out of control”, two Portuguese hospitals are reported to be ready to receive people infected with the deadly virus.

August 2, 2014by shareitIn Portugal
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“Barrel-load of money” on its way to Portugal – almost all of it for the poorest regions

Outgoing European Commission president Durão Barroso has been criticised for calling it a “barrel-load of money” – but the community funding that will be on its way to Portugal over

August 2, 2014by shareitIn Portugal
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Espírito Santo Financial Portugal now files for insolvency

With the BES share price now absolute rock bottom, analysts are all agreed – state intervention will have to be the next step. There are simply no private investors brave

August 1, 2014by shareitIn BES, Portugal
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