Portugal Is Not Fixed: Banco Espirito Santo Bonds Collapse To Record Lows…”bail-ins means confiscation”

Monday, July 14, 2014
By Paul Martin

by Tyler Durden

Presented with little comment aside to remind the gung-ho stock-buyers who have been convinced (because the mainstream media has moved on from Banco Espirito Santo contagion concerns) that Portugal is anything but fixed. No government bailout coming means bail-ins and bail-ins means confiscation… Banco Espirito Santo bonds are collapsing today… down almost 8 points as they know this doesn’t end well.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter