Wobble sparks euro fears

Jitters over a Portuguese bank bring back memories of the worst of the eurozone crisis.

Sliding eurozone markets, fears over the solvency of banks and countries "it feels just like 2012 again", says Raoul Ruparel in Forbes.

Late last week, Banco Espirito Santo (BES), Portugal's biggest bank, saw its share price plunge when it emerged that its parent company, Espirito Santo International (ESI), had failed to pay the interest on some of its debts.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.