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BES's Brazil play poses warning for other EU banks

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The $6.6 billion bailout of Portugal's largest bank poses a warning for other European banks which are heavily exposed to "fragile" emerging market economies in Latin America and Africa, analysts have cautioned.

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Germany Brazil Flags

‘It was utterly unexpected, historic and inexplicable,’ Jeff Z. Klein wrote in the New York Times. ‘Germany,’ he continued, ‘obliterated host Brazil, 7-1.’

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Germany Brazil Flags

When Winning Is Everything

‘It was utterly unexpected, historic and inexplicable,’ Jeff Z. Klein wrote in the New York Times. ‘Germany,’ he continued, ‘obliterated host Brazil, 7-1.’