Two men stand outside an office of Portuguese bank Banco Espirito Santo, which is partially controlled by the Espirito Santo family, in Lisbon July 16, 2014. Portugal Telecom has been forced to take a... more 
Two men stand outside an office of Portuguese bank Banco Espirito Santo, which is partially controlled by the Espirito Santo family, in Lisbon July 16, 2014. Portugal Telecom has been forced to take a cut in its share of the merger with Brazil's Grupo Oi after a holding company of the Espirito Santo family failed to repay more than $1 billion it owed to the telco. The Espirito Santo family's business empire is in disarray since the emergence of accounting irregularities at another one of its holding companies, putting Portugal and the family-founded bank Banco Espirito Santo (BES) under pressure as questions continue to swirl about potentially destabilising losses. REUTERS/Rafael Marchante (PORTUGAL - Tags: BUSINESS TELECOMS) less 
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Reuters | Photo By RAFAEL MARCHANTE / REUTERS
Wed, Jul 16, 2014 10:29 AM EDT