Latest news and stories about economic history in Portugal for expats and residents.
BES collapsed in 2014 and the passing of the years increases the shock effect, as interest on unpaid loans continues to accumulate. There are many uncertainties for creditors. In Luxembourg, there are also losses.
An interview discussing the historical context of austerity measures in Portugal in relation to the troika's demands.
He had a penchant for nuance without that inhibiting grand proclamations and nomological generalizations. And with him, for better or worse, European civilization changed forever.
He positioned himself as Ricardo Salgado's successor, but ended up at the root of a family conflict that culminated in the collapse of the Espírito Santo group. He wanted to restore the family name. He died at the age of 71.
Observador's lead editor, Luís Rosa, recalls the bitterness between Ricardo Salgado and José Maria Ricciardi, who always believed he could have saved BES if he had replaced his cousin.
250 years ago, the Bible of capitalism was born, the most 'son of a bitch' economic system that has ever existed – to paraphrase Churchill, with the exception of all the others. And speaking of Churchill...
Where is Alves dos Reis now? How did the saga of the largest fraud on record in the country end? Rui Tavares returns to 1926 to tell the story of the arrest of the man who defrauded around 1% of Portugal's GDP and later became a born-again Christian.
