can banks be trusted here?

[martin]

with the "bailouts" now spreading, it seems the Bank of Portugal has said this

report as follows..........


Home » Business
Portugal's bank fire warnings

Tuesday, November 30, 2010

Live News: Watch Now

"Portugal's central bank has fired a warning shot about the country's financial firms.

Its said the banks face an 'intolerable risk' if the country fails to consolidate its public finances.

The Bank of Portugal is also urging urging the financial sector to reinforce its capital in the years to come.

The government there has adopted painful austerity measures in next year's budget, but execution of those spending cuts has been poor so far this year, with the national deficit actually widening."

[EMM]

Its no different to what has been said about the banks in almost every European country including the UK.

Remember tthe tax payer is the majority shareholder in Lloyds and Barclays.

[cereza]

martin - they are safe as long as the Germans continue to support the bail outs

[e-richard]

Remember tthe tax payer is the majority shareholder in Lloyds and Barclays.

Actually, the taxpayer is not a shareholder in Barclays, but thats just being pikky

[Polli62]

I read in the Portugal News 2 weeks ago that some Portuguese Banks were making 4.1mil per day, one of the banks named was BCP just can't think of the names of the others.

[Stano]

The Government do not own any shares in Barclays - only Lloyds, Bradford & Bingley, RBS, HBOS........

[shanagarry]

Remember tthe tax payer is the majority shareholder in Barclays

Its the State of Qatar that bailed Barclays