maneuvers have left the bank unable to pay its bonds as Bloomberg reports bonds plunged to record lows after a parent company delayed payments on short-term notes. More importantly, given
the divisively dependent nature of the domestic sovereign bond market (and hence
the health of the EU) and its banking system, it is noteworthy that Portuguese bond risk has surged to 4 month highs with the biggest 2-day spike in a year. As one analyst noted,
get involved,” leaving the EU taxpayer on the hook once again (for fear of
M.A.D. threats) as most critically, it "will have to step in to prevent systemic repercussions?"