William White on public & private debt, Portugal’s CB rescue plan
On Sunday, Portugal’s central bank revealed a plan to rescue the country’s second-largest lender by breaking up Banco Espírito Santo and pumping billions of euro worth of state money into it. Erin takes a look. William White, chairman of the Economic Development and Review Committee at the OECD, explores the issues surrounding public and private debt. In Big Deal, Erin and Edward Harrison continue the discussion about debt in other countries, including Ireland, Greece, and the US.
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