Public Finances (also) in the spotlight
The experience of recent years shows that confidence in the sustainability of public finances can evaporate quickly. More than 10 years ago, during the global financial crisis, the increase in risk premiums for the so-called PIIGS was also sudden and pronounced. In addition, it is important to consider that during these episodes, investors’ risk aversion increases, so the tightening of financial conditions tends to be generalised and the situation of each economy is not adequately differentiated. This requires redoubled efforts when the winds are favourable.
BANCO BPI, S.A., com sede na Avenida da Boavista, 1117, 4100-129 Porto; Capital Social: € 1 293 063 324,98; matriculada na CRC Porto sob o número de matrícula PTIRNMJ 501 214 534, como o número de identificação fiscal 501 214 534. Intermediário financeiro registado na CMVM com o n° 300 e no Banco de Portugal sob o código n° 10. Agente de Seguros n.º 419527591, registado junto da Autoridade de Supervisão de Seguros e Fundos de Pensões em 21/01/2019, e autorizado a exercer atividade nos Ramos de Seguro Vida e Não Vida.