Another of Europe's banks is swallowed

Read what little we are allowed to know from the link to the EU report from today, here.

Nothing of substance will be revealed, all money matters are now conducted in the EU behind a curtain of lies and a screen of secrecy; note this quote from the EU statement:

The non-confidential version of today's decision will be made available under case number SA.26909 in the State Aid Register on the DG Competition website website once any confidentiality issues have been resolved. New publications of state aid decisions on the Internet and in the Official Journal are listed in the 'State aid Weekly e-News'

More on Portuguese Local debts as opposed to busted banks is here.