{"id":381887,"date":"2010-03-02T13:55:00","date_gmt":"2010-03-02T18:55:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:402373"},"modified":"2010-03-02T13:55:00","modified_gmt":"2010-03-02T18:55:00","slug":"bmo-exposed-to-piigs-countries","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/381887","title":{"rendered":"BMO exposed to PIIGS countries"},"content":{"rendered":"<p>Canada&#39;s domestic banks have always hankered for a more global presence even though their domestic operations tend to yield the biggest profits.<\/p>\n<p>That&#39;s the lesson that might be taken from <a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=BMO&amp;id=96964\" >Bank of Montreal&#39;s<\/a> disclosure today that it has credit exposure to some of the most dodgy European<br \/>countries including Greece, Portugal and Ireland.<\/p>\n<p>In a note in its first quarter results, BMO shed little light on the nature of the exposure to the so-called PIIGS countries, saying only that it is related to governments and financial institutions and that the potential losses are &quot;considered manageable.&quot; <\/p>\n<p>The disclosure comes the same day that the prime minister of Greece warned his country could go bankrupt unless the country acts aggressively to pay<br \/>down its debt. <\/p>\n<p><a href=\"mailto:jgreenwood@nationalpost.com%20\">John Greenwood<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=402373\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada&#39;s domestic banks have always hankered for a more global presence even though their domestic operations tend to yield the biggest profits. That&#39;s the lesson that might be taken from Bank of Montreal&#39;s disclosure today that it has credit exposure to some of the most dodgy Europeancountries including Greece, Portugal and Ireland. In a note [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-381887","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/381887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=381887"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/381887\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=381887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=381887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=381887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}