ECB cuts eurozone rates to 2.5% .

BONDI · Post by **BONDI** » Sat Dec 13, 2008 3:09 pm

Since latest EU Base Rate cut, are the Portuguese Banks quicker at passing on the rate cuts to borrowers? I see Euribor is coming down faster than U.K. lenders(Libor). Further comments on this? How will it help Foreign borrowers in Portugal ?

Bondi

pato · Post by **pato** » Mon Dec 15, 2008 12:28 am

BONDI wrote:Since latest EU Base Rate cut, are the Portuguese Banks quicker at passing on the rate cuts to borrowers? I see Euribor is coming down faster than U.K. lenders(Libor). Further comments on this? How will it help Foreign borrowers in Portugal ?

Bondi

Never mind the borrowers, how can a banana republic like Portugal have a better economy than the UK, are we bigger bananas?:?

shanagarry · Post by **shanagarry** » Tue Dec 16, 2008 11:01 am

Portugal has not got its ambitions mixed up with its capabilities - like a certain Brown and Darling have.

Calling Portugal a Banana Republic is akin to calling Britain the 'Land of Opportunity' - it just isn't true, is it (on both counts)

ECB cuts eurozone rates to 2.5% .

ECB cuts eurozone rates to 2.5% .

Re: ECB cuts eurozone rates to 2.5% .

Portugal