Last month’s banking crisis has plunged

Quinta do Centro: the world feels a very different place since I was here last. 
Last month’s banking crisis has plunged the world into recession and although everything looks the same it feels so different. Portugal seems to have come through this relatively unscathed although as one friend said to me ‘we are used to having recessions here.’  But something tells me this is different and that the confidence that we all shared over the past decade, Portugal included, was false and misplaced. With the pound sliding against the euro we are going to have to take some tough decisions when it comes to pricing in 2009.