Press Review – Thursday, 17 May

Portuguese newspapers this Thursday are highlighting the soaring unemployment figures released yesterday as some front pages focus on the effects of the bailout one year after the country signed the memorandum of understanding with the international troika. The consequences for Portugal if Greece exits the eurozone are also being analysed in several newspapers.

Press Review — 17 May 2012 by PDV
Press Review – Thursday, 17 May

«Mighty Isabel», is the cover story in this week’s Visão, telling readers all about Angolan business woman Isabel dos Santos who has been buying up so much in Portugal. In the last 15 days alone, the daughter of Angolan President José Eduardo dos Santos spent €82m. According to Visão, her fortune in Portugal already exceeds €1.4bn.

«How Facebook earns millions from you», is the lead story in newsmagazine Sábado, explaining how the social network, which has 4 million users in Portugal, is able to make €8m a day.

«One year with the Troika», writes Público, making a review one year after Portugal signed the agreement with the so-called troika of international lenders in order to receive a €78bn bailout. Describing how the country changed over the last year, the daily newspaper highlights how the surge in unemployment reveals how much austerity has affected the lives of the Portuguese.

Correio da Manhã
«13 Police officers in corruption network», discloses Correio da Manhã, reporting that several police officers are being charged for running an illegal bodyguard service for celebrities and for drug dealing.

Diário de Notícias
«Duarte Lima exonerates his son in BPN scandal», writes Diário de Notícias, adding that the former Social Democrat MP was released on home detention after spending the last six months in jail. The newspaper further adds that the lawyer was electronically tagged and will remain confined to his home while awaiting trial after admitting some of the charges and exonerating his son, who had also been charged with fraud and embezzlement in the BPN bank case.

Jornal de Notícias
«Social bomb: 208,000 youths without jobs», reports Jornal de Notícias, writing that in Vila Nova de Gaia, across the river from Porto, the employment agency has been dealing with 100 people a day. On the other hand, Alcoutim, in the Algarve, with an unemployment rate of 2% needs workers.

«DECO advises Portuguese to make investments outside eurozone», writes i, as Portugal’s largest consumer watchdog is advising people to invest in pounds, dollars, Swedish krona and Swiss francs to escape the crisis.

Diário Económico
«Troika wants contingency plan in Portugal if Greece leaves euro», writes financial daily Diário Económico, stating that the EU-ECB-IMF officials are returning to Portugal next week and will be assessing the risks of a eurozone without Greece.

Jornal de Negócios
«Portugal under markets’ pressure», reports the financial newspaper Jornal de Negócios, saying that from the investors point of view Portugal is the most exposed country to a Greek exit form the eurozone.

A Bola
«I accept foreign referees in the League», writes A Bola, quoting Portuguese referee Vítor Pereira in an exclusive interview with the sports newspaper.

«Lion’s share», writes Record, revealing that each of Sporting Lisbon’s players will earn €5,000 if the team wins the Portuguese Cup Final.

O Jogo

«Change? Benfica is huge», reports O Jogo, quoting Argentinian player Aimar who says he wants to stay in Benfica and regrets not winning the national title.

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