Monday, June 4, 2012

..and another one bites and another one bites..

Portugal props up banks with €6.6bn

"Portugal is to inject up to €6.65bn (£5.4bn) into three of its biggest banks to meet an EU deadline for higher capital ratios by the end of this month". The funding will come from a recapitalsation credit under the country's €78bn bail-out from the EU-IMF "Troika".

Posted by alan @ 09:27 PM (1164 views)
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