July 29, 2016
European Banking (Portugal)
With one exception all of the Portuguese banks including Caixa Geral, the government owned bank, are technically bankrupt and insolvent.
With one exception all of the Portuguese banks including Caixa Geral, the government owned bank, are technically bankrupt and insolvent.
We have often written of the difficulties of the Eurozone Banking System (See China? Oil prices? Saudi Arabia? Iran? Why Volatility? The Grand Surpise Part Two, January 12th 2016, Octavian…