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Espírito Santo Engages in Financial Gymnastics to Survive Crisis – Wall Street Journal



Espírito Santo Engages in Financial Gymnastics to Survive Crisis
Wall Street Journal
LISBON—With Portugal all but shut out of global financial markets in 2011, one of the country's largest conglomerates managed to find a source of easy cash: Over a 21-month period, it sold more than €6 billion ($8.27 billion) in debt to one of its own ...

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