Passion Fruit Paradise!; 700 kinds of fruit are grown on Madeira!; WINE & FOOD MADEIRA FESTIVAL 14th-16th October; 2012 Budget; Shift work in the private sector to be extended; Reorganisation of public holiday calendar; More VAT rises;

Portugal and Madeira News from Paul Abbiati:
Passion Fruit Paradise; 700 kinds of fruit are grown on Madeira

WINE & FOOD MADEIRA FESTIVAL 14th to 16th October

“The fourth edition of this annual festival which takes place at Hotel CS Madeira Resort & Spa will gather during three days the best of the wine and haute cuisine areas on the island, in a social and professional reunion promoting the exchange of ideas.


“Eating and Drinking in Portuguese”

During this years edition and apart from the usual wine tasting menu workshops and show cooking sessions with the best national and regional chefs, also takes place the 2nd enogastronomic Forum, under the theme “Eating and Drinking in Portuguese”. This privileged event becomes an ideal gathering for debate and the exchange of knowledge.

During the prior week to this event several of Funchal’s restaurants, will offer a tasting menu at a standard price, promoting access and interest regarding good food and wine.

Madeira’s wines

In a region where tourism is the main economic resource, this event has attracted the attention of many visitors to Madeira, becoming an important promotional instrument of the islands wines abroad. Come to Madeira and taste a good wine!

2012 Budget:”Portugal’s prime minister has outlined measures imposing more demands on workers, designed to help the country meet the terms of its 78 billion euro bailout.”

Shift work in the private sector to be extended by half an hour a day; Reorganisation of the public holiday calendar
“The Government has decided to allow shift work in the private sector to be extended by half an hour a day, and to reorganise the public holiday calendar,” he said.”
Source: Euronews
VAT rate of coffee, soft drinks and cinema tickets rises to 23%
from Portugal Daily View
link:
http://www.portugaldailyview.com/01-whats-new/press-review-friday-14-october
Frontpage of ‘i’ Newspaper on Friday 14th October

21 thoughts on “Passion Fruit Paradise!; 700 kinds of fruit are grown on Madeira!; WINE & FOOD MADEIRA FESTIVAL 14th-16th October; 2012 Budget; Shift work in the private sector to be extended; Reorganisation of public holiday calendar; More VAT rises;”

  1. the taxation services will be controlling future hirings of public servants in the autonomous regions of Madeira and Azores.
    profits in shares will be affected by a new 21.5% tax.
    23% VAT rate – the highest – will be charged in restaurants, football tickets, yogurts and chocolate milk.
    workers will have to work 15 extra days a year with the legally imposed extra half-hour for the private sector.
    Banksters have “great respect” for Portugal’s belt-tightening efforts.
    Merkosy has (Lisbon) had “the backing of the German government to do what it’s doing”.

    hey screw it more till the death of middle class and after that you will eat your own shit.

    Reply
  2. my comment has gone what happened admin?
    The key to helping Europe is to shrink the banking sector. The banking sector is too large in all these countries. It’s a parasite. The large banks provide no social good. But these interests, the interests of “banksters,” have captured governments. The banksters control the governments and loot them endlessly. That’s what these bailouts are about.

    Reply
  3. Every single law, restriction or compulsion imposed by government is a direct assault on our ability to choose, which is our ability to adapt and survive. Every tax makes us weaker and them stronger. Allowing our “public servants” to control our choice is a very bad, perhaps fatal idea. We pay them to act in our interests, not to be our masters.

    Reply
  4. We recently received a note from a German journalist writing for a national paper there. He asked, “Simon, German politicians swear to support the well-being of the German people. Given this, what would you advise the German government about the euro– keep saving it? Or let everything fail regardless of the consequences?”

    Europe and the United States have much in common in that their sovereign debt problems are really quite simple to understand. You don’t need a PhD in economics– you just need to understand basic arithmetic.

    In the US, for example, the government does not collect enough tax revenue to cover even the most basic services that society deems sacrosanct: defense [offense], social security, and Medicare.

    In 2010, the federal government collected $2.2 trillion in tax revenue and spent north of $2.5 trillion just on those three programs– already $300 billion in the hole. Everything else– the post office, Homeland Security, the FAA, the FDIC, even the light bill at the White House– is funded by debt.

    That includes the most peculiar debt-funded item– interest on the debt. The US government has to borrow money just to pay interest on the money it has already borrowed. This is unsustainable, it’s simple arithmetic.

    Europe’s problems can also be explained as simply. Greece effectively has no money, and its only access to capital is continued bailouts. There are four options for the country being discussed:

    1) Austerity. Not only is this politically unpopular, it causes social unrest. People won’t stand for it… nor will they be able to pay enough police officers to beat them back with batons. The populist uprising will squash any meaningful austerity plan.

    2) “Grow its way out”. Not possible. When you count public and private debt together (roughly 260% of GDP), Greece is spending roughly 15% of its entire GDP just on interest payments. That’s an incredibly high barrier to growth.

    3) Inflation. Ordinarily, governments would just print their way out… but this isn’t even possible right now because Greece doesn’t control its own printing press.

    4) Default. Result? Set off a chain reaction of banking failures and a derivatives meltdown. Utter financial carnage. Nobody wants to see this.

    Germany and Portugal are particularly focused on #4. Many German banks would suffer or fail as a result of a Greek default, sending a terrible ripple throughout the economy.

    It’s understandable that politicians want to avoid this scenario and are willing to pay a high price to do it. Hence the bailouts. But they’re completely ignoring the fact that the other options (growth, inflation, austerity) aren’t even possible.

    If German politicians are really sworn to support the well-being of their citizens, the best thing they can do is look everyone in the eye and say, “Buckle up, people, we’re about to swallow a nasty pill… better we get it over with now than drag it out for years.”

    The same goes for the United States.

    Reply
  5. Tom The pressure should be made by all Leaders in the EU to put pressure on Greece and Turkey to put their past aside and self Interests. Both countries have oil and gas which is much needed by all EU countries this can be used to pay off their debt as well. PVT companies would invest in Turkey/Greece/Cyprus waters . In the defencegreece.com. The Former British Foreign Minister Jack Straw Jack Straw weighs into Cyprus drilling argument. Cheaper oil/gas will have many benefits across the European counties, will again pay off debt and create much needed industry and jobs.

    Reply
    • I didn’t realise that Tom, thanks. It’s certainly not a common word in my vocabulary, although I plead guilty to sayng it alone at home after dropping an item of crockery or other such nuisances. I wouldn’t dream of using it in front of fine gent though, and I know there are a few who read this blog. So, the system stays as it is, unless there is a huge outcry from other readers, wishing to hear more common swearwords.

      Reply
  6. The EU is a failure.
    Federalist Soviet style dictats from unelected faceless twerps who seek to interfere in our everyday life, finished with the fall of the USSR.
    Germany must seek alliances with whom it feels comfortable.
    Greece must go it alone financially, as will Portugal Spain Italy and Ireland.
    They can then devalue their currencies to allow fiscal thoughtfullness.
    England must continue a separate monetry policy from the Eurozone and renegotiate its treaty to become merely an economic one, NOT a federal unelected political mishmash.
    The English fought hard for their freedom of identity, as did others who opposed fascism and communism.
    This identity will be retained.
    There are powerful forces in England which Will ensure this happens.

    Reply
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    Reply
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