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The Cape Verde Scandal and another major example of what is wrong with the EU.

Tom Winnifrith Sunday 12 June 2016

 

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Ten years ago Cape Verde, a small group of islands south of the Canaries, was hyped as the next holiday home hotspot. Apart from the perfect climate, Cape Verde sold itself on being an associate member of the EU as well has having solid property laws (it was until recently a Portuguese colony). The favoured currency in the country is the Euro. UK and Irish investors bought into promised developments promoted by Irish, British and Italian developers, handing over staged payments totalling an estimated € 300 million. 

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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In this eighth edition of the ShareProphets Radio podcast, sponsored by Yorkville Advisors, in order I discuss my guest next week (the biggest name yet on the show) and Burford (BUR) and the more genberal issue of revenue recognition. I then chat for about an hour to liberatrian comedian, songwriter and singer, Brexit Party activist, gold & bitcoin guru Dominic Frisby. Prepare for a few laughs.  Then it is Cathal Friel of Open Orphan (ORPH), where I am a shareholder, and finally David Bramhill of Union Jack Oil (UJO). After that section I discuss nearology with reference to Union Jack, UK Oil & Gas (UKOG) and more generally.  If you like this and can’t wait seven days for more of the same you should listen to my Bearcast every day.

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