Centeno denies ordering silence on Norgarante's Efacec exposure

eco.sapo.pt (Portuguese)

Mário Centeno denies ordering Norgarante to remain silent about its excessive exposure to Efacec. Centeno stated that the Bank of Portugal did not instruct Norgarante to keep quiet regarding its Efacec exposure, calling such a strategy "very strange." He emphasized that illegal situations would have been corrected. The former Finance Minister noted that banks were unwilling to intervene in Efacec when it was nationalized, and he was no longer minister at that time.


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Centeno denies ordering silence on Norgarante's Efacec exposure | News Minimalist