Portugal Is Discussing Caixa Geral’s Capital Needs With ECB, EU

  • News on planned Novo Banco sale expected in ‘couple of weeks’
  • Finance Minister says he’s not planning to seek debt relief

Portugal Finance Minister Centeno on Bad-Debt Burden

Portugal is holding talks with the European Central Bank and the European Union about the capital needs of state-owned bank Caixa Geral de Depositos SA, Finance Minister Mario Centeno said.

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