{"id":55008,"date":"2014-08-07T00:00:00","date_gmt":"2014-08-06T22:00:00","guid":{"rendered":"https:\/\/llyc.global\/2014\/08\/07\/espirito-santo-bank-nothing-is-indestructible\/"},"modified":"2014-08-07T00:00:00","modified_gmt":"2014-08-06T22:00:00","slug":"espirito-santo-bank-nothing-is-indestructible","status":"publish","type":"post","link":"https:\/\/llyc.global\/en\/ideas\/espirito-santo-bank-nothing-is-indestructible\/","title":{"rendered":"Espititu Santo Bank: Nothing is Indestructible"},"content":{"rendered":"<p><b>The Espirito Santo Bank<\/b>, one of the largest financial corporations of <b>Portugal<\/b>, had to be taken over by the government after weeks of media scandals due to alleged fraudulent activities. <b>The loss of trust in the management<\/b> has been one of the keys for this intervention. After just two months, the most powerful family in the country is a mere shadow of its former self.<\/p>\n<p>This <b>article<\/b> explains the situation which led to this event and the <b>consequences that the Espirito Santo Bank crisis is having on the slight economic recovery of the country.<\/b><\/p>\n<p><strong><a href=\"https:\/\/twitter.com\/ruizmateos\" target=\"_blank\" rel=\"noopener\">Carlos Ruiz Mateos<\/a><\/strong><b>, Director of LLORENTE &amp; CUENCA in Lisbon (IMAGO &#8211; LLORENTE &amp; CUENCA)<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Espirito Santo Bank, one of the largest financial corporations of Portugal, had to be taken over by the government after weeks of media scandals due to alleged fraudulent activities. The loss of trust in the management has been one of the keys for this intervention. After just two months, the most powerful family in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":39610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[86],"class_list":["post-55008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ideas"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Espititu Santo Bank: Nothing is Indestructible - LLYC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/llyc.global\/en\/ideas\/espirito-santo-bank-nothing-is-indestructible\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Espititu Santo Bank: Nothing is Indestructible\" \/>\n<meta property=\"og:description\" content=\"The Espirito Santo Bank, one of the largest financial corporations of Portugal, had to be taken over by the government after weeks of media scandals due to alleged fraudulent activities. The loss of trust in the management has been one of the keys for this intervention. After just two months, the most powerful family in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/llyc.global\/en\/ideas\/espirito-santo-bank-nothing-is-indestructible\/\" \/>\n<meta property=\"og:site_name\" content=\"LLYC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LLYC.Global\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-06T22:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/llyc.global\/wp-content\/uploads\/2023\/10\/imagen-destacada-16.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"maguilar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@llorenteycuenca\" \/>\n<meta name=\"twitter:site\" content=\"@llorenteycuenca\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"maguilar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Espititu Santo Bank: Nothing is Indestructible - LLYC","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/llyc.global\/en\/ideas\/espirito-santo-bank-nothing-is-indestructible\/","og_locale":"en_US","og_type":"article","og_title":"Espititu Santo Bank: Nothing is Indestructible","og_description":"The Espirito Santo Bank, one of the largest financial corporations of Portugal, had to be taken over by the government after weeks of media scandals due to alleged fraudulent activities. The loss of trust in the management has been one of the keys for this intervention. After just two months, the most powerful family in [&hellip;]","og_url":"https:\/\/llyc.global\/en\/ideas\/espirito-santo-bank-nothing-is-indestructible\/","og_site_name":"LLYC","article_publisher":"https:\/\/www.facebook.com\/LLYC.Global\/","article_published_time":"2014-08-06T22:00:00+00:00","og_image":[{"width":960,"height":576,"url":"https:\/\/llyc.global\/wp-content\/uploads\/2023\/10\/imagen-destacada-16.jpg","type":"image\/jpeg"}],"author":"maguilar","twitter_card":"summary_large_image","twitter_creator":"@llorenteycuenca","twitter_site":"@llorenteycuenca","twitter_misc":{"Written by":"maguilar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/llyc.global\/en\/ideas\/espirito-santo-bank-nothing-is-indestructible\/#article","isPartOf":{"@id":"https:\/\/llyc.global\/en\/ideas\/espirito-santo-bank-nothing-is-indestructible\/"},"author":{"name":"maguilar","@id":"https:\/\/llyc.global\/en\/#\/schema\/person\/8187160eba73b996b064cce622bd4541"},"headline":"Espititu Santo Bank: Nothing is Indestructible","datePublished":"2014-08-06T22:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/llyc.global\/en\/ideas\/espirito-santo-bank-nothing-is-indestructible\/"},"wordCount":115,"image":{"@id":"https:\/\/llyc.global\/en\/ideas\/espirito-santo-bank-nothing-is-indestructible\/#primaryimage"},"thumbnailUrl":"https:\/\/llyc.global\/wp-content\/uploads\/2023\/10\/imagen-destacada-16.jpg","articleSection":["Ideas"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/llyc.global\/en\/ideas\/espirito-santo-bank-nothing-is-indestructible\/","url":"https:\/\/llyc.global\/en\/ideas\/espirito-santo-bank-nothing-is-indestructible\/","name":"Espititu Santo Bank: Nothing is Indestructible - 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