Knives sharpen as BES inquiry gets underway
Seventeen MPs have begun the parliamentary inquiry into “the truth of the facts” behind the BES banking scandal. Just as the forensic audit ordered to establish the depth of the
Bank of Portugal condemns country’s first bitcoin ATM
As Portugal’s first bitcoin ATM was officially opened in Lisbon, the Bank of Portugal has been quick to condemn the virtual currency-in-ascendance, saying it is unsafe and not backed by
New 10 euros bank note in circulation
In another classic example of forward-planning, the Bank of Portugal has announced that the new €10 note, coming onto the market today (Tuesday), may not be accepted by all payment
Civil suits to block Bank of Portugal 'carve up' of BES
A number of legal firms are this week putting together civil suits to try and block the Bank of Portugal’s controversial BES/Novo Banco carve-up. Working for shareholders prejudiced in the
Luís Barroso appointed to Bank of Portugal
Luís Barroso, son of outgoing European Commission president Durão Barroso, has been hired to work at the Bank of Portugal, without having to go through any kind of selection process.
Bank of Portugal expected to announce 5 billion euro BES ‘bailout’ later today
By the end of today (Sunday), the government and the Bank of Portugal are expected to reveal how they will be ‘recapitalising’ (for that read: saving) trouble-torn Banco Espírito Santo.
Mortgage misery
More than 181,000 families were in states of default over mortgage payments in Portugal last year. The news came this week when the Bank of Portugal revealed its latest figures
European Financial Union is important step
The Bank of Portugal Governor believes the next step for growth within the European market is the creation of a Financial Union. According to Carlos Costa, the importance of this