8 January 2016
… especially the Portuguese central bank’s lawless ‘bail-in’ of Novo Banco bondholders. Banks raised over 16.5 billion-equivalent across euros, sterling and U.S. dollars in the first week of 2015, and almost 18 billion-equivalent in 2014. But in 2016’s first week, zero—for the first time since the crash year 2008. The news service quotes the head of one investment fund: “Novo Banco has blown a … Bail-in
Europe