Portugal - Union calls for bank nationalisation - January 31, 2017

One of the main bank worker unions added its voice to the growing chorus of those calling for the ‘temporary nationalisation’ of Novo Banco. The Bank of Portugal announced earlier in January that the US investment fund Lone Star, which also owns Vilamoura, was best placed to buy Novo Banco and it would be invited for further negotiations. The union stressed the importance of the bank for the domestic market.

English: http://www.theportugalnews.com/news/union-calls-for-novo-banco-nationalisation ...  

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Willy De Backer wdebacker@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. Since June 2013 readers can consult our archive and search through all articles in our database at www.cbnarchive.euYou may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.

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