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As Portugal’s news media carries daily ‘exclusives’ on the ongoing meltdown at the Espírito Santo banking empire, it is now very clear why politicians of all persuasions are keeping surprisingly quiet.

Banco Espírito Santo (BES) funded

Vítor Bento, the beleaguered bank’s new boss, is due to present BES accounts for the first half of this year on Wednesday (July 30). Analysts are said to be hedging their bets on how bad the situation really is. According to certain newspapers,

Education and Science minister Nuno Crato has announced EC funding of science in Portugal to the tune of a billion euros until 2020.

Crato explains that the government wants to guarantee scientific funding, and so increase investment in

News from Portugal

Powerful people are still able to manipulate the justice system in Portugal. This is the view of securities regulator Carlos Tavares who gave evidence to the parliamentary commission investigating the ongoing scandal...

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Algarve

Gonçalo Amaral insists that the lawfulness of his book Maddie: A Verdade da Mentira is “indisputable” and has reiterated that he may file a counter

Portugal’s disgraced BES bank chief and Deputy PM Paulo Portas travel to Angola in separate bids for financial support
Portugal

Angola is the chosen destination this week of Deputy PM Paulo Portas, days after the disgraced former BES banking boss Ricardo Salgado allegedly tr

TAP airline in crisis as Portuguese entrepreneur announces multi-million euro purchase bid
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The crisis within TAP Portugal went into overdrive this weekend after pilots voted for a one-day strike on August 9.

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It has been hailed as the end of one of the “most influential centres of power” in Portugal’s political, social and financial world.

Latest in Portugal Resident

BES: €15 million funding of Portugal’s major political parties now under scrutiny
Top Stories

As Portugal’s news media carries daily ‘exclusives’ on the ongoing meltdown at the Espírito...

Portugal

Powerful people are still able to manipulate the justice system in Portugal. This is the view of...

Sport

Local football fans will have a unique chance to see Cristiano Ronaldo and fellow Portuguese...

Companies

Portuguese group Marques da Silva (GMS) is getting ready to open an official Apple store at...