Portugal passed its first financial test; Funchal Port Madeira breaks passenger record; 20,000 dollars donation from Madeiran-Americans for chapel; Traditional Santo Amaro Paul do Mar Walk Saturday

Portugal and Madeira News from Paul Abbiati:

Portugal passed its first financial test

Sky News:

Portugal passed its first financial test.

“The government went to the bond markets today (Wednesday) and has managed to raise the 1.25 billion Euros it needs at a cost of around 6.8%. The yield (interest rate) is high and perhaps unsustainable in the long run but for now it will do.”

The next test

The next test will come later this month on the 21st when Portugal faces 3.4BN Euros of Treasury bill redemptions and then again on February the 8th (3.8BN of t-bills).

O ministro das Finanças de Portugal, Fernando Teixeira dos Santos, fala com a imprensa depois de se reunir com o ministro da Fazenda, Guido Mantega

http://blogs.news.sky.com/eurovision/Post:8b8591c3-6d5e-4066-8e09-a208e0348c80

EU Rescue Fund: changing the size and the scope

The EU realises that the current stability mechanism is not fail safe insurance if one of the big two goes under. According to the Economic and Monetary Affairs Commissioner, Oli Rehn, talk is ongoing about changing the size and the scope of the EU’s rescue fund. The 450 billion available is thought by many to be inadequate, should a country the size of Spain need a lifeline.

Link:
http://blogs.news.sky.com/eurovision/Post:8b8591c3-6d5e-4066-8e09-a208e0348c80

Funchal Port Madeira breaks passenger record

The Diario Newspaper reports that APRAM (the Port Authority) reports that in 2010 passengers into the port increased by nearly 60,000 from 2009.

All the statistics through a link in the article here:
http://www.dnoticias.pt/actualidade/economia/244775-porto-do-funchal-regista-recorde-de-passageiros

20,000 dollars donation from Madeiran-Americans for Boa Esperança chapel

Iniciative of Gregório Rosa e John Faria of the Madeiran community Lowell, Massachusets, United States.

James McNeill Whistler Birthplace, Lowell, Massachusetts

James Abbott McNeill Whistler (1834-1903) was an American painter born in Lowell


Whistler James Arrangement in Grey and Black 1871

Traditional Santo Amaro Paul do Mar Walk Saturday 15th January

Meeting point for Coach in Funchal to Ponta do Pargo – then walk to Paul do Mar is the Courthouse (‘Palace of Justice’) 8.15 am. To register for the transport and more information call: 291228916

The ancient Ladeira walk from Faja da Ovelha down to Paul do Mar

link: http://www.dnoticias.pt/actualidade/madeira/244789-clube-de-campismo-da-madeira-organiza-passeio-a-pe-ao-paul-do-mar

8 thoughts on “Portugal passed its first financial test; Funchal Port Madeira breaks passenger record; 20,000 dollars donation from Madeiran-Americans for chapel; Traditional Santo Amaro Paul do Mar Walk Saturday”

  1. Hello everybody. Monday morning I will arrive at Madeira. I am looking forward to it. I have two questions. Is there in Funchal a swimming pool with warm water about 30, 31 degrees Celsius.
    I also want to make some contact with some people, is that possible? I would like to hear from you.

    Reply
  2. Post Christmas Blues ….. ?

    But wasn’t the warm sunshine a treat this last week and the rain yesterday surely did the garden good!

    Anneke, there are many heated hotel pools in Funchal available on a “daily” use basis and there are public heated indoor pools also – one quite near to “Madeira Shopping” but I don’t know the “address” = anyone else help out? Ta muchly. Bem Vindo, welcome to Madeira on Monday Anneke – enjoy!

    Reply
  3. Jon, I know that there are heated pools, but I search for one which is above 30 degrees. Most swimming pools are about 27, 28 degrees. I have reuma and colder water I can’t swim in. I can look on the map where the swimming pool is near Madeira Shopping. Thanks.

    Reply
  4. Hi all, glad the rain only lasted a day , hope the Sunday times magazine are taking note of how many rainy days we have had since the start of the year….

    Art Deco at Calheta is fantastic, really a must see 5 euros to get in and people have said its one of the best they have ever seen , and i have to agree, i was blown away with the amount of stuff. I have photos and will add to Flickr soon.

    Please add me to Facebook if any of you are on Facebook and dont have me as a friend, Just search Tobi Hughes, And those of you not on Facebook should be………….

    Reply

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