Bloomberg News

ECB’s Costa Says Portugal’s Financial Industry Is ‘Solid’

September 28, 2011

Sept. 28 (Bloomberg) -- European Central Bank Governing Council member Carlos Costa said markets need to recognize that Portugal’s financial sector is “solid.”

“One of the most relevant factors we need to point out is that the financial system is solid and has the confidence of bank clients,” he said in Lisbon today.

To contact the reporter on this story: Henrique Almeida in Lisbon at

To contact the editor responsible for this story: Christian Vits at

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