Wednesday, May 27, 2015

New Bank of buyer inherits the case of commercial paper, says newspaper – Digital Journal

In view of the limitations that the law imposes in cases of resolution and the position of the European Central Bank, any solution can only be defined by those who come to buy the New Bank, explains the source.

On Wednesday, Governor Carlos Costa should be asked about this in the Parliamentary Committee on Budget and Finance.

The administration led by Eduardo Stock (New Bank) assumes that is not the entity’s liability to repay these debt instruments, nor has the autonomy to decide and execute a response, indirectly referring the matter to the Bank of Portugal

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