The Phaserl


Mapping The GLOBAL CONTAGION From Portugal’s Systemic Banking Crisis

from ZeroHedge:

As multiple entities of one of Europe’s largest banking dynasties rapidly crumble into bankruptcy, there are bound to be ramifications. With even the Portuguese President fearing Espirito Santo’s systemic impact, we thought the following chart from Thomson Reuters would highlight the fact that is far more than just a Portugal thing… it has notable consequences for large businesses from Brazil to Mozambique.

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