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Bank of Portugal Governor blames it all on the politicians

BoPCostaAsleepThe Governor of the Bank of Portugal, Carlos Costa, today has been moaning about politicians, saying that they demand that banks don’t take risks, while at the same time insisting that they should refinance the economy by lending to companies.

Costa says that “we live contradictory times in relation to the management and evaluation of risks” thus displaying his continuing lack of comprehension as to his role.


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