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| Author: | Balfour, A. |
| Title: | The bid that died |
| Journal: | Euromoney
1994 : OCT, 10, p. 44-48 |
| Index terms: | PORTUGAL BANKING GOVERNMENT |
| Language: | eng |
| Abstract: | When Portugal's fifth biggest bank bid for 40% of the second biggest, why did the government go into a huddle and take almost eight weeks to give it the thumbs down? Supporters of the bid see intrigue , jingoism, and politics at work. But the finance ministry and the central bank argue there was justice in the decision. "If you plan your viewing carefully," says a Lisbon banker, "you can watch Brazilian soap operas on Portuguese television from dawn until dusk. But for real soap opera you are better off following the Portuguese banking system." |
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