This morning the newspaper presents a headline that is alarming to say the least. I, Which contrasts with the azure skyline and illustrations on the front page: “The new financial crisis looming will be “20 times worse” Towards that Mortgage“Which happened in 2007-2008.
The newspaper announces at the opening of its file:
Alarm bells are still ringing about the risk of a new financial crisis. Is Portugal now better prepared? The specialists we contacted assure us that this is not the case, and point out that 18 billion euros were wasted to save the country’s banks.
“Bad Example” by Banco Espirito Santo
For its newspaper readers I Details of what Portugal could have done with this amount: “Building 27 bridges for Vasco da Gama [qui se situe à Lisbonne] Or 157 public hospitals, or even bear the electricity costs of the Portuguese for two years.
“The banking sector crisis is approaching us” Supports everyday life reminiscent of the trauma of Banco Espirito Santo (but), Portugal’s first listed bank, which collapsed in 2014 amid accounting irregularities. The Portuguese state had injected nearly 4 billion euros as part of the rescue plan, which had a budget impact equivalent to 2.8% of GDP. gross domestic product. Five years later, the newspaper I specific :
This case is now being studied in the best American universities as an example to be followed.”
