Portugal’s families and businesses have paid €30 billion in tax so far this year.
Figures released today show that in the year to the end of October the public coffers have continued to fill at a rate that exceeded the most optimistic forecasts of the Ministry of Finance.
The newly-proclaimed president of the European Commission, Jean-Claude Junker who took over from our very own Sr Barroso, is coming under increasing pressure over the tax arrangements he allowed with he was the Luxembourg premier.
His record was set upon and denounced by MEPs in the European parliament, including some from the UK, France and Italy. All of the 28 new European commissioners had to attend the session for the censure motion.
Britain appears to have been dodging an EU directive to provide clean air in its cities.
Last week, the European Court of Justice called the UK to a meeting about air quality standards. The UK had undertaken to achieve the clean-up of air by 2010.
Selling Novo Banco for under €4.9 billion ‘will not threaten the solvency of any other bank’ according to the Bank of Portugal, preparing the market for a sale of under €4.9 billion.
José Berberan Ramalho, deputy governor of the Bank of Portugal also heads the Resolution Fund and said today that only when we all know the sum raised by selling Novo Banco will we know how much the other banks which paid into the Resolution Fund have lost.
The eurozone may be entering into a “stagnation trap”.
"The euro area as a whole, and in particular the vulnerable countries, seems to be most likely to be affected by persistent stagnation tendencies," a report from the Organisation for Economic Cooperation and Development said.
A must for those with children or with a sentimental streak, everyone will be able to see live reindeer in Loulé this Saturday, roped in to provide some Christmas cheer to a city fast emerging from recession.
Santa will be in the driving seat of course and subject to his arriving on time from the North Pole will start his sleigh drive at 2.30pm in an event marking the start of the town’s Christmas festivities under the banner, ‘Traditional Trade this Christmas.’
The Magalhães, or ‘Magellan’ computer, one aspect of the Technological Plan flagship of José Socrates’ educational policy, "was a failure, mainly due to its poor integration into school activities," concludes a study by the University Portucalense.
A study into schoolchildren’s portable Magalhães, or 'Magellan' computers, their impact in schools in Matosinhos and their use in education concluded that "there was not an immediate return for schools which only sporadically used this tool within the classroom."
The latest food fad in the UK appears to be almond milk.
Sales of the dairy-free alternative are rocketing at the rate of 70% or more per year in Britain.
