Looks like it will be a busty weekend for European leaders calling the crisis over. Knife-catching ‘value’ investors have been torn asunder as Banco Espirito Santo’s stock crashed another 40% today to 12c and has now been suspended by Portugal’s securities regualtor.
- *BANCO ESPIRITO SANTO SHARES SUSPENDED PENDING INFORMATION, CMVM SAYS
With Goldman bailing and the sovereign suggesting it is not willing to bailout, it appears – based on Sub debt’s collapse – that a bail-in burden-sharing solution is coming. When will Bill Miller scoop it up?