Portuguese banks borrow record amount from ECB



Portuguese banks borrow record amount from ECB (via AFP)

Banks in bailed-out Portugal borrowed a record amount from the European Central Bank in March, against a backdrop of rising debt in a sharply slowing economy, official data showed on Monday. The banks’ ECB borrowings jumped to 56.3 billion euros ($73 billion) last month from 47.5 billion euros at end…

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