Portuguese governor clashes with government
Treasury intends to transfer banking resolution competencies out of the central bank
The governor of Bank of Portugal, Carlos Costa, clashed with the government on September 25 after making a pointed warning about threats to the independence of central banks.
“The temptation to reduce the independence of the central banks is not only a characteristic of, I would say, the Southern countries,” Costa said during a conference on risk management in Lisbon. “This means that wherever the treasury is, there is also the temptation to take it. And it is not only a question for the
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