ecb press_conference, 2014-08-07
The action undertaken by the authorities, Portuguese authorities, by the ECB and by the [European Commission’s] Directorate General for Competition was, I think, swift and effective, the creation of the bad bank and a good bank, and basically proved to be quite effective in reassuring markets and reassuring also other players of the same sector, namely other banks in Portugal and more generally banks everywhere.
Sentiment: neutral
Topic: financial_stability