Dec 21

“The Cost Is Very High”: Portugal Taxpayers Face €3 Billion Loss After Second Bank Bailout In 2 Years:

Because the Novo Banco auction process went so smoothly, Portugal has decided to throw billions more in taxpayer dollars at a failed lender. This time it’s Banif, which will be split into a “good” and “bad” bank just weeks ahead of new EU rules that would have seen uninsured depositors take a haircut as part of the wind down process.

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One Response to ““The Cost Is Very High”: Portugal Taxpayers Face €3 Billion Loss After Second Bank Bailout In 2 Years”

  1. Squodgy Says:

    Strange how the mainstream still won’t openly and aggressively publish the way ICELAND dealt with its corrupt BANKSTERS and totally re-booted it’s Banking System, resulting in a bubbling economy whilst all the tied in and tied up EU and IMF associated economies are forced into the doldrums by these same banksters, and nobody has the guts to challenge it.

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