As the Bank of Portugal’s governor tries to gloss over his failure to sell Novo Banco by claiming that there are other, as yet un-named bidders* from Spain waiting to negotiate, news comes in that the various court actions against the bank now exceed €1.5 billion.
Portugal’s most miserly millionaire Américo Amorim is after €179.4 million, Oak Finance, the investment vehicle set up by Goldman Sachs, wants the return of €706 million, Petróleos de Venezuela would love to see its €81 million again and the 2,500 BES depositors that were duped into switching their savings into collapsing Grupo Espírito Santo companies demand the return of €527 million.