Portugal and Madeira News from Paul Abbiati:
The EU LIFE Project in Madeira Region
From the official website of The EU LIFE Project in Madeira Region
“Halt the loss of European Biodiversity through the recovery of habitats and species of the Islets of Porto Santo and surrounding marine area” – LIFE Ilhéus do Porto Santo.
The Porto Santo National Park – Reserva Natural – is the newest of Madeira Region’s National Parks
This Project was proposed by the Madeira Natural Park (SPNM) as a coordinating beneficiary and The Society for the Study of Birds (SPEA) as an associated beneficiary and has a financial contribution from the Life+ Nature Programme of the European Community.
The Project will take place in six small islets around Porto Santo Island (Madeira Archipelago) belonging to the Natura 2000 Network site “Ilhéus do Porto Santo”.
The total surface area of the Project is around 232 hectares. 45 different actions will be implemented to recover the habitats (Vegetated sea cliffs with endemic flora of the Macaronesian coasts) and the protected species.
images from Diario Newspaper
Image caption for image above: workers including Park Wardens and Visitors at the NEW National Park in August 2011.
link to official site http://www.lifeportosanto.com/index.php?lang=en
EU Commission confirms €500m “Slip” in the public accounts for Madeira
From The Wall Street Journal
“BRUSSELS (Dow Jones)–The European Commission said Wednesday that problems in the Portuguese autonomous region of Madeira caused a EUR500 million hole in the country’s budget, equivalent to 0.3% of gross domestic product.
The extra spending included EUR277 million in expenditure for a financially troubled regionally-owned enterprise plus the cost of an aborted joint public-private partnership contract, a commission spokesman said.
“These operations, for a total of EUR500 million, which is equivalent to 0.3% of GDP, are recorded as expenditure-increasing operations in the general government accounts,” said Amadeu Altafaj-Tardio, spokesman for European Commissioner for Economic and Monetary Affairs Olli Rehn.
He said these fiscal “slippages call for a streamlined monitoring, recording and management” of regional and local government accounts to “contain fiscal risks.”
Alberto Joao Jardim, the governor of Madeira who is running for re-election in October, has said the region–that sits in the northern Atlantic Ocean–is facing a liquidity problem, and needs money to cover financial obligations.
He said further details will be made available in mid-to-late September when the latest review of Portugal’s bailout program is released…”
In May, the EU and the International Monetary Fund agreed a EUR78 billion bailout for Portugal.
Portuguese Government on Wednesday suggested a Rescue Plan for Madeira’s Public Accounts
image from Diario
Title of image: Ministro das Finanças Vítor Gaspar