Goldman Sachs: Positive for European banks, but wisely-required greater transparency in European banking

That assesses the American Bank developments in Portugal Banking developments in Portugal, with peak banco Espirito Santo, bring into focus the risk of opacity (opacity risk), warns of Goldman Sachs, in a new report, under the heading "Event risk in Portugal puts opacity risk in focus". According to the American Investment Bank, pressures in Portuguese-and by extension the European-assets well keep, given the uncertainty about the State of the European banking system. What emerges from the current situation is the need to increase transparency about the exposure of European banks to companies outside the financial industry. Goldman Sachs's position is clear: developments in Portugal do not have systemic nature, consequences for all European banks and of the European economy. As it adds the American Investment Bank, the constant readiness and ECB support is enough to mitigate the concerns in the markets for the Eurozone. The Goldman Sachs considers possible a sudden cessation of funding States and banks in the eurozone. "We continue to state our preference to European banks," mark Goldman Sachs analysts, through new exposure.