Portugal’s parliament rejects call for central bank governor to quit

The Bank of Portugal
Rachael King

The Portuguese parliament voted against a resolution calling for the resignation of central governor Carlos Costa today (February 28), according to local reports.

The failed motion called for Costa to resign over alleged irregularities during his time as an executive at the state-owned bank Caixa Geral de Depósitos, or CGD. But Costa and other senior executives at the CGD will face a public inquiry into the allegations, following another parliamentary vote earlier this month.

The left-wing

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