If New Bank is not sold until August 2017 “will enter an orderly process of liquidation” – Jornal de Negócios – Portugal

In the report accompanying the allegations substantiated Portugal under the sanctions clearance procedure, sent today to Brussels, the executive led by António Costa indicates that “the Portuguese Government has expressed the Bank of Portugal its deep concern with the sales process, namely because the Government does not consider the possibility of an additional state aid “.

the Government points out that the financial sector is” a priority “and committed to” change for the better “the banking system and “minimize the use of taxpayers’ money.”