Bank of Portugal governor accused of 'washing his hands' of the mess at Caixa Geral de Depósitos

The Governor of the Bank of Portugal, Carlos ‘Mr Magoo’ Costa, said today that the responsibility for the appointment of the new management team at Caixa Geral de Depósitos was down to the government, with the approval the European Central Bank, and that he had nothing to do with the disaster that left the bank rudderless at a crucial time.

“The Bank of Portugal did not have any decisive role in this matter. It was up to the European Central Bank,” said Carlos Costa, at the start of the committee of inquiry into the Caixa Geral fiasco that saw Domingues at the helm for just over three troubled months last year.

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Bank of Portugal governor accused of ‘washing his hands’ of the mess at Caixa Geral de Depósitos