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Investors flee wobbly Portuguese bank

11.07.14 @ 09:18

  1. By EUOBSERVER

Portugal Thursday blocked trading in Banco Espirito Santo after shares divided 17% on rumours its parent company is going bust. Lisbon said the bank is "ring fenced" from failure, but state bond yields soared. German politicians also Thursday said EU bailout funds will not be used to help Irish banks.