Businesswoman Cristina Pedra presented a bleak picture at the PS-Madeira Studies Office conference ‘Responding to the Present, Preparing for the Future.’
During her address she confirmed that the situation was becoming bleaker as “entrepreneurs were beginning to give up, taxes will increase and emigrating is no longer a viable option.”
When asked about the PS-Madeira’s proposed 7.5% increase to the minimum wage she responded by asking what planet were they on!
Concluding she said as soon as the payment date for all the loans and defaults arrives it will be an ‘economic pandemic!’
Samantha Gannon
info at madeira-weekly.com
