International, National Portuguese and Madeira News from Paul Abbiati:
Hugo Camara FILM
Another impressive film from Madeiran photographer/artist Hugo Camara. Thanks Hugo.
Dishwalla – Angels or Devils ( acoustic )
Stage Zero Dolly
More great entertainment in Madeira in March, April includes:
3 WAYS TO INCREASE ECONOMIC PRODUCTIVITY OF PORTUGAL’S PORTS
From: The Economist
Charting a new course
Other countries’ experience suggest three ways to bolster Portugal’s seaport performance.
First, more competition is needed at the ports: contracts should be extended only after transparent retendering, with new competitors invited to bid. This can reap real benefits: in the Netherlands service costs dropped by a quarter after a new tugboat operator entered.
Second, the unions must be tackled. Encouraging more firms to provide services would again improve things: in Hong Kong seven companies provide loading services and six offer ship repairs.
Finally, Portugal should reconsider its role as a port landlord. Selling up has worked in Britain, Australia and New Zealand. Private owners would be better at taking on vested interests.
A sale could raise around €1 billion for the cash-strapped exchequer
And since efficient ports often lead to a strong export sector, according to the United Nations, it could have wider benefits, too…
Full article: http://www.economist.com/node/21551072
Portugal produced best government bond returns in developed world so far this year!
From the FINANCIAL TIMES
“Portugal, the eurozone country many investors believe will be next to suffer a debt restructuring after Greece, has produced the best government bond returns in the developed world so far this year..”
link to full article: http://www.ft.com/cms/s/0/a8ccfcba-798f-11e1-b87e-00144feab49a.html#axzz1qWyASsad
All images from the Diario Newspaper or Facebook official pages unless otherwise stated