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Some banks pull out, some others push in...

El jefe del primer banco portugués ofreció a EE UU informar sobre Irán · ELPAÍS.comThe boss of the first Portuguese bank offered to the US to report about Iran - ElPais.com
La relación entre negocios y política transita a veces por el filo de la navaja. Carlos Santos Ferreira, presidente del Banco Comercial Portugués, conocido como Millennium BCP, primera entidad privada del país, intentó cuadrar intereses tan contradictorios como hacer negocios con Irán sin que ello afectara la excelente relación de Portugal con Estados Unidos. Para ello, propuso poco menos que hacer labores de espionaje al servicio de EE UU, al proponer desembarcar en Irán y, a cambio, ofrecer a Washington información de las actividades financieras de la República Islámica. La operación, según un despacho remitido en febrero de este año por la Embajada estadounidense en Lisboa, cuenta con el conocimiento del primer ministro portugués, José Sócrates, y de miembros de su Gobierno.The relationship between business and politics sometimes goes on the knife's edge. Carlos Santos Ferreira, president of the Portuguese Commercial Bank, known as Millennium BCP, first private entity in the country, tried to square such contradictory interests as doing business with Iran without affecting Portugal's excellent relationship with the US. To that end, he proposed no less than doing espionage work in the US' service, when he proposed to land in Iran and, in exchange, offered to Washington information about the financial activities of the Islamic Republic. The operation, according to a dispatch submitted last February by the US Embassy in Lisbon, is known by the Portuguese Prime Minister José Socrates and by members of his Government.


Of all the ways of organizing banking, the worst is the one we have today — Mervyn King, 25 October 2010
by Migeru (migeru at eurotrib dot com) on Mon Dec 13th, 2010 at 09:06:37 AM EST
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