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Portuguese economy

World news about “Portuguese economy” published by euronews.

30/07 23:56 CET

Portugal’s BES posts 3.5 billion euro loss

Portugal’s BES posts 3.5 billion euro loss

Portugal's Banco Espirito Santo - the country's third biggest bank has posted a massive first-half loss of 3.5 billion euros. It said to be due to the provisions it has made against its exposure to other companies within the parent Espirito Santo Group. Last week the banks…