Ín 2014 Portugal’s Central Bank bailed out the Banco Espírito Santo, S.A with 4.4 Billion Euros. Banco Espírito Santo, was, as so often the case when banks are “saved”, split into a bad bank with all the toxic assets, and a good bank, in this case the Banco Novo. But Novo Banco is not so “good” after all and more taxpayers money is being spent to support it, although 75% is now owned by Lone Star of the US.
Stock of orders in manufacturing, May 2024 -0.4%, in real terms, on the previous month (seasonally and calendar adjusted) -5.4%, in real terms, on the same month a year earlier (calendar adjusted) Read HERE
Since the March-quarter 2008 (at the onset of the GFC), GDP has grown by 114.8 per cent. However, GNP has only growth by 71.1 per cent and Modified final domestic demand has only grown by […]
Admittedly Norway uses its oil wisely and socially, but fossil fuel is fossil fuel and CO2 remains CO2. This cannot be the solution. Read here
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