Global Trade Alert
Global Trade Alert

Portugal: Recapitalization scheme of credit institutions

Announcement

05 Nov 2008

In November 2008, the government of Portugal announced a change in private-sector financial support.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

20 May 2009

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts)

On 5 November 2008 Portugal notified a scheme to strengthen the financial soundness of credit institutions, whose legal basis is the law n.° 63-A/2008 adopted on 24 November 2008. The objective of t...

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