SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (68136)11/14/2010 3:38:10 AM
From: elmatador  Respond to of 218042
 
The link for the "note just published by Marco Annunziata, chief economist at UniCredit Group" is this:

The EU's credibility deficit
fxstreet.com

We must make the connection between what is the mechanism put in place and the Chinese action with Portugal.

It is connected.

The Chinese want to lay the hands on Portugal assets (EDP plus a bank) with an eye on getting more assets in other countries later on.

(China Power International (2380.HK) (CPI) could buy a minority stake of between 2 and 5 percent in Energias de Portugal (EDP)

BOC inks Portugal deal Source: Global Times [08:13 November 09 2010] Comments Bank of China (BOC) signed a cooperation agreement with Portugal investment bank to offer financial support to China-invested enterprises and local enterprises in Portugal and Portuguese-speaking countries in Africa.
The BOC is considering taking a stake in Portugal's third-largest-listed bank Banco BPI or its Angolan operation BFA, according to a report from Reuters.
business.globaltimes.cn