BES fails to dent Portugal, Italian politics worry
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BES fails to dent Portugal, Italian politics worry

Banco Espirito Santo with happy people

The Portuguese sovereign proved itself all but immune to the latest woes stemming from Banco Espírito Santo this week, as even the bank’s worse than expected results failed to make much of a dent on the country’s secondary yields. But while the outlook for the periphery is bullish, some analysts warned that political risks are rising in Italy.

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