Friday September 25, 2020

Board ROOM - Inside business

Are we the canary in the euro mine?

27th November, 2010

Unfortunately, the Portuguese government’s assertions that the country won’t need a bailout has about as much credibility as our ministers had in trying to hold back the tide in recent weeks.

Like the football chairman vowing that he has ‘‘full confidence’’ in the manager after a string of defeats, nobody really believes what ministers say in these situations. Events seem to have taken on a momentum of their own, and it...

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