Portugal warns over bank finances

Author (Person)
Series Title
Series Details 1.12.10
Publication Date 01/12/2010
Content Type

Portuguese banks will face an 'unbearable' level of risk and find it difficult to refinance their debt if the country fails to implement credible measures to consolidate its public finances, the Bank of Portugal has warned in its November 2010 Financial Stability Review.

Related Links
Banco de Portugal: Financial Stability Review, November 2010: See Part 1, Chapter 1: Overall assessment http://www.bportugal.pt/en-US/EstudosEconomicos/Publicacoes/RelatorioEstabilidadeFinanceira/Pages/RelatoriodeEstabilidadeFinanceira.aspx
ESO: Background information: Portugal seeks to boost market confidence http://www.europeansources.info/record/portugal-seeks-to-boost-market-confidence/
Spiegel Online International, 30.11.10: Portuguese Central Bank Warns of Risks to Banking Sector http://www.spiegel.de/international/europe/0,1518,731942,00.html

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