The heads of Portugal’s biggest banks Millenium BCP and Banco
Espirito Santo, have called on European leaders to stop “playing with
fire” and alarming depositors in Eurozone economies.
The top bankers expressed concern that the treatment of Cyprus has set a new precedent and as a result nervousness in the region is reaching dangerous levels.
“Leaders need to moderate their language. This could be very bad,” Ricardo Espírito Santo Salgado, chief executive of Banco Espirito Santo, told the Financial Times.
“If someone had designed a plan to hurt the European market, it would be difficult to think of something better. You can’t keep playing with fire,” President of Millenium BCP, Nuno Amado said, talking about a “Cyprus virus.”
The top bankers expressed concern that the treatment of Cyprus has set a new precedent and as a result nervousness in the region is reaching dangerous levels.
“Leaders need to moderate their language. This could be very bad,” Ricardo Espírito Santo Salgado, chief executive of Banco Espirito Santo, told the Financial Times.
“If someone had designed a plan to hurt the European market, it would be difficult to think of something better. You can’t keep playing with fire,” President of Millenium BCP, Nuno Amado said, talking about a “Cyprus virus.”




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