Today’s front pages include a large scale tourism project filing for bankruptcy in the Alentejo and the silver medal won yesterday by kayakers Emanuel Silva and Fernando Pimenta in the K2 1,000 meters competition at the London 2012 Olympics.
«Life in Portugal in the Middle Ages», is the front page of weekly news magazine Visão with a portrait of life in Portugal during its first years as a nation in the 12th century.
«100 questions from specialists to test your general knowledge», is the theme of this week’s Sábado, with questions answered by Portuguese experts in several areas like history, sociology, politics and music.
«Finally the first medal for Portugal in the Olympic Games», writes Público, after kayakers Fernando Pimenta and Emanuel Silva won a silver medal yesterday in the K2 1,000 meters competition.
Correio da Manhã
«Bankruptcy takes away €7.2m from the state», says Correio da Manhã, as tourism development project for the Alentejo’s Alqueva dam filed for insolvency due to the lack of financing from the state’s bank, Caixa Geral de Depósitos. The state, however, had already invested €7.2m in the project.
Diário de Notícias
«Roquette forced to return €7.2m of Alqueva to the state» , writes Diário de Notícias, also about the bankruptcy of a large scale tourism development by the shore of Alqueva dam. The European funds allocated to the project will have to be returned to the state after a breakup in negotiations with state-owned bank Caixa Geral de Depósitos.
Jornal de Notícias
«Portuguese have spent €900m less on debit cards», says Jornal de Notícias about data released by the Bank of Portugal. The value of payments made by debit card fell 4% in the first six months of 2012 compared to the same period last year. ATM withdrawals also fell by 2.9% in the first semester.
«Five years of crisis: the day the bubble burst» , writes i about the day British bank Northern Rock had to ask the Bank of England for a loan to replace money market funding during the 2007 crisis, triggering the first bank run the United Kingdom saw in more than one century. This was one of the major events in the subprime bubble that started the current economic crisis.
«Crisis forces 35,000 taxpayers to pay taxes by installments» , reports financial newspaper Diário Económico, as debts worth €486m are currently being paid by installments under economic recovery programmes.
Jornal de Negócios
«Brisa’s value out of the stock market might double», says Jornal de Negócios as the banks that financed the takeover bid forecast that Brisa shares bought at €2.76 might be worth €6 on their books.
«Silver arrived by kayak» , writes A Bola, about the silver medal won yesterday by kayakers Emanuel Silva and Fernando Pimenta.
«Silver waters», says Record about Portugal’s first medal earned yesterday by kayakers Emanuel Silva and Fernando Pimenta.
«Injustice was paid in silver», writes O Jogo, also about Portugal’s silver medal stressing the fact that canoeing is the sports that received less support from the state.