“On the western shores of Madeira, waves crash onto the walls of the Marina do Lugar de Baixo, sending white spray into the air above the dock built for 291 of the world’s finest yachts. All the berths are empty eight years after the boat landing opened (…) A few miles up the coast from the capital, a handful of poles in the water is all that remains of the docking system designed to accommodate yachts that stop in Madeira on their way from Europe to America, or vice versa. The regional government is planning to spend another 20 million euros on the failed marina, Diario de Noticias da Madeira, which is partly owned by the Blandy Group, reported on Dec. 30.”, hoje na Bloomberg.