`Credible' ECB Backing Seen for Espirito Santo

`Credible' ECB Backing Seen for Espirito Santo Play

July 11 (Bloomberg) -- Derek Halpenny, European head of global-markets research at Bank of Tokyo-Mitsubishi UFJ Ltd., talks about the effect of Espirito Santo International's missed debt payment on the European Central Bank's efforts to stem systemic risk. He also discusses the outlook for the euro with Guy Johnson and Olivia Sterns on Bloomberg Television's "The Pulse." (Source: Bloomberg)

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