Second question: Was the document delivered by BPI to Banco de Portugal on GES’s financial situation followed up? On 1 August 2013, BPI delivered to Banco de Portugal an economic assessment of GES, with special focus on Espirito Santo International (ESI). The claim that Banco de Portugal ignored this document and shelved it is false.
I’d like to pick up some of the themes from our recent reports. The most intense phase of the financial crisis is now some way behind us. It corresponded roughly to the six-month period from September 2008 to March 2009, which was just following the collapse of Lehman Brothers (along with a number of other high-profile failures in the US and Europe).