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Portugal Turns to the EU for a Bailout
In Asia, the BoJ kheld the policy rate unchanged at 0.1% as was universally expected. However, the bank has decided to launch a new loan facility with a ceiling size of JPY 1 trn, for banks located in the earthquake damaged region. Let’s just move right to the critical issue today. European traders walked into headlines that Portugal would finally (cause we all knew they would) seek bailout... ...More...
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