Fears of Euro Crisis Contagion: Portuguese Central Bank Warns of Risks to Banking Sector
10:07pm GMT, Tuesday, 30 November 2010
Portugal’s central bank fanned concerns about the country’s financial stability on Tuesday by warning that austerity measures put in place were likely to hit banks’ bottom lines. The institution also believes that bank borrowing from the European Central Bank is unsustainable.
SPIEGEL ONLINE - International
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