The digital euro has enraged half of Brussels. Here’s what you need to know.

submitted by
🇨🇦🇪🇺

https://www.politico.eu/article/digital-euro-enraged-half-brussels-eu-what-you-need-to-know-ecb/

55
132

Back to main discussion

edited

Portugal as well. Off the top of my head, BES, Banif and BPP were the most seriously affected, such that they no longer exist.

 reply
0

No. Those portuguese banks failed in different years because of internal corruption. It had nothing to do to the failed investment assets that caused the subprime crisis.
The Icelandic banks failed because they invested heavily in toxic assets.

 reply
2

It is true that their failure was due to internal corruption and not the issues that led to the subprime crisis. I misunderstood the question and concede the point.

But the subprime crisis (or the financial landscape after it) did expose the frailties (and in those cases I mentioned, corruption) of the Portuguese banks and was a non-insignificant factor in their demise. But I suppose you can say the same for a lot of other banks in other countries.

 reply
2
Insert image