Euro Windsurfing Championships Madeira start 23 February; Madeira on Paris Metro system; More flights from Paris to Madeira Summer 2012; Casa das Mudas Architect wins another award; Prazeres Gallery exhibition inauguration Friday; Austerity measures implemented by government not responsible for empoverishment of country; Reasons to believe Portugal will not need a new bailout; European Commissioner says Portugal making “good progress” implementing bailout package; Dia Nacional do Vigilante da Natureza; Events in Madeira this weekend; Festa dos Compadres Santana; Investors keener on lending to Portugal; Portugal’s government sells 40 percent stake in REN for 592 million euros to State Grid International China & Oman Oil Co; Armas article;
International, Portugal & Madeira News from Paul Abbiati:
Events in Madeira this weekend include: Festa dos Compadres in Santana on Saturday and Sunday

link: http://www.dnoticias.pt/actualidade/madeira/305677-festa-dos-compadres-com-fim-de-semana-em-cheio
and Prazeres Gallery in Prazeres, Calheta: New exhibition inauguration Friday 7pm

Euro Windsurfing Championships in Madeira start 23 February 2012!
http://www.clubenavaldofunchal.com/files/Filer/RSx/Banner.jpg
link to official site: http://www.clubenavaldofunchal.com/Default.aspx?ID=401
More flights from Paris to Madeira Summer 2012
more details:

link to article: http://www.dnoticias.pt/impressa/diario/305572/economia/305688-transavia-anuncia-mais-voos-directos-de-paris
Madeira advertised on Paris Metro system
link:
http://www.anam.pt/files/billeder/ANAM/Imagens%20Newsletter%20Aviao/campanha%20paris.bmp
Casa das Mudas Architect wins another international award



Funchal based architect Paulo David wins another international architecture award. Paulo David’s works includes the award-winning international art centre in Calheta, Madeira, images above.
link to Diario article: http://www.dnoticias.pt/actualidade/madeira/305707-paulo-david-conquista-medalha-internacional
images of Casa das Mudas from arch daily.com
Dia Nacional do Vigilante da Natureza: 3 February, 2012

PM: there are reasons to believe that Portugal will not need a new bailout
From Portugal Daily View:
Interview with weekly newspaper ‘Sol’
“The Portuguese prime minister repeated that the country will not need to tap international lenders for more money as it plans to comply with the bailout demands – even if the situation in Europe is sharply deteriorating..”
Austerity measures implemented by the government were not responsible for the empoverishment of the country
“The prime minister also stated that he considered that the austerity measures implemented by the government were not responsible for the empoverishment of the country. “We were already poor. The truth is there were people who had not yet realised this and continued to live as if they were no longer poor”, he told Sol. “They lived, not from what they had, but from the credit they were given“, the Portuguese prime minister stated…”
link: http://www.portugaldailyview.com/
European Commissioner for Economic Affairs Olli Rehn said Thursday 2 February Portugal was making “good progress” in implementing the external bailout package, particularly in terms of budgetary sustainability and competitiveness.
“Despite recent high costs of borrowing, Portugal is progressing well”, Rehn said.
Investors keener on lending to Portugal
https://www.youtube.com/watch?v=TRwNUcafkSw&feature=player_embedded
Portugal’s government sells 40 percent stake in REN-Redes Energeticas Nacionais SA (RENE) for 592 million euros ($779 million) to State Grid International of China and Oman Oil Co
From Bloomberg:
Portugal’s government agreed to sell a 40 percent stake in REN-Redes Energeticas Nacionais SA (RENE) for 592 million euros ($779 million) to State Grid International of China and Oman Oil Co. to meet the terms of a bailout accord.

The price values REN, Portugal’s power and gas grid operator, at about 150 million euros above its market value, Secretary of State for Treasury and Finance Maria Luis Albuquerque said today. REN shares rose 0.7 percent to close at 2.091 euros in Lisbon, giving it a value of 1.12 billion euros.
http://www.bloomberg.com/news/2012-02-02/portugal-agrees-to-sell-ren-stake-for-592-million-euros-1-.html
Armas article in Portugal News:
http://www.theportugalnews.com/cgi-bin/article.pl?id=1150-7
Investors keener on lending to Portugal
All images from Diario Newspaper unless otherwise stated









