Banco Espírito Santo likely an isolated case - Przemysław Kwiecień

FXStreet (Łódź) - In an interview for FXStreet, Financial analyst at XTB Poland Przemysław Kwiecień commented on the troubles of Portugal's Banco Espírito Santo saying that it is most probably an isolated case and it shouldn't damage the Eurozone recovery.

Key qotes

"It matters because it takes place not long before the ECB overtakes the supervision over the most of the EMU banking sector."

"Under circumstances of low growth and high scrutiny banks are unwilling to expand their credit action briskly to disappointment of the ECB."