Budget Deficit Explodes Higher In Portugal After Government Throws In Towel On Bad Bank Sale

Budget Deficit Explodes Higher In Portugal After Government Throws In Towel On Bad Bank Sale:

Newly-upgraded Portugal unleashed a budget bombsell on Wednesday when it revised its 2014 deficit higher by some 60% after a failure to liquidate the predecessor to bailed out Banco Espirito Santo left taxpayers holding a €5 billion bag. 

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.