European Central Bank aid injection eases Portuguese debt
By Chris Graeme chris.graeme@theresidentgroup.com Interest rates on 10-year Portuguese sovereign bonds have tumbled from 7.2 per cent to 6.4 per cent thanks to European Central Bank intervention. The pressure on
Spectre of IMF haunting Portugal
By CHRIS GRAEME chris.graeme@theresidentgroup.com The possibility that Portugal could be the next country to be pressured into accepting a bail-out from the International Monetary Fund gathered pace over the weekend.
Crumbling roadside hills alarm road user
By PAULO SILVESTRE paulo.silvestre@theresidentgroup.com Entering the village of Tunes from the IC1 road has become a hazardous affair due to rocks crumbling from hills along the route. This affects people
CONTRASTING FORTUNES
According to the Jornal de Ciclismo website, the financially challenged Tavira Cycling Club has already made the obligatory subscription payment to the International Cycling Union allowing it to compete next
Sweeping changes in Bowls Portugal
Bowls Portugal’s President Amadeu Gil da Rocha and Vice President Chris Maloney, who set up and developed international bowling in Portugal, announced their retirement at the AGM on November 24.
Strike brings Portugal to a standstill
By CHRIS GRAEME & PAULO SILVESTRE news@algarveresident.com Portugal’s public transport system ground to a standstill on Wednesday as union leaders called a General Strike over public sector salary cuts and
General strike hits Portugal today
The General Confederation of Portuguese Workers (CGTP) expects massive support from public sector, transport and service sector unions today (Wednesday, November 24) as public transport paralysis looks set to affect
We don’t need help says Portuguese President
By CHRIS GRAEME chris.graeme@theresidentgroup.com Portuguese President Aníbal Cavaco Silva affirmed over the weekend that he did not believe Portugal needed to go cap-in-hand to the International Monetary Fund (IMF). The
CROSS CROWN
Second place in the first race of two behind closest challenger Sandro Marcos was good enough for reigning champion Luis Correia to secure yet another Portuguese MX2 title. At the
Losing streak
By SKIP BANDELE Portimonense had not beaten Vitoria Guimarães since 1989 and were looking for their first taste of victory in a competitive match since the 2-0 October success over