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Portugal named in Bloomberg ‘misery’ list

beggarA list of countries where the future financial outlook appears glum has been compiled by Bloomberg, the financial data and media company.

Heading the list were Venezuela, Argentina, South Africa, Ukraine and Greece which, it said, were “the five most painful economies in which to live and work”.

Uplift in Spanish property market

spanishluxuryhomeProperties in Spain appear to be once again on the move as buyers from abroad believe that prices have finally bottomed out.

Purchasers are also feeling more confident now that the Spanish economy has shown some strong growth. The pound’s 13.5% increase against the euro in the past 12 months also has made property in mainland Europe cheaper for UK buyers.

10% of Portuguese too poor to visit the doctor

stethascopeClaims by Health Minister Paulo Macedo that Portugal’s health needs have been met during the recession may partly be explained by recent research showing that one in ten of Portugal’s sick cannot afford to access healthcare.

Portugal's health service “managed to improve health indicators, despite budgetary restrictions,” said Macedo at a conference in Sabrossa, Vila Real in February and that "it was possible to meet the needs of the Portuguese through the longest ever crisis."

Top lawyer says Portugal's tax regime is 'inhumane'

taxThe respected legal expert Alexandre de Albuquerque argues that taxes are too high in Portugal and criticises the relentless action of the ‘inhumane’ tax authorities.

In an interview with Diário Económico, Alexandre de Albuquerque, a partner at the Albuquerque & Associados law firm, does say that he is optimistic about the recovery in 2015.

Eurozone recovery still on the edge

eurozone2Prices in the eurozone dropped 0.3% in February, according to a flash estimate from Eurostat.

In addition, there was a fall in the levels of unemployment in the 19-nation region, lowering Portugal’s rate to 13.3% in January compared to 15% in January 2014.

Exchange rates over the decade erode euro value

eurozoneExpat pensions have not fared well over the last decade.

This year, better exchange rates have seen an improvement in the value of British pensions paid overseas compared to last year.

Socialists trash rosy government statistics

GalambaThe Socialists party MP and member of the PS national secretariat João Galamba said today in a feisty display that his party’s position on the economic figures and the reports put out by the ruling coalition is that they not as good as they are made out to be.

"Portugal emerged from a recession but the crisis continues. It seems that the Prime Minister and the Government have not yet understood the latest figures for the Portuguese economy," said João Galamba.

Brits name their most favourite brands

baBritish consumers are falling out of love with several well-established household brand names, including Cadbury, Heinz and Marks & Spencer.

Cadbury could be suffering a backlash as its American owners have tampered with several of its chocolate formulas.