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Portuguese economy

World news about “Portuguese economy” published by euronews.

15/09 14:02 CET

Portugal puts Banco Novo up for sale

Portugal puts Banco Novo up for sale

Portugal's Novo Banco, the healthy part of the former number two bank in the country, is up for sale. BES continues after the government's rescue last month as a "bad bank" and its debts remain to be dealt with, but after pumping 4.9 billion euros into the rescue package, the…