"We are currently experiencing a similar moment concerning the existence of an inappropriate incentive scheme, with systemic implications. The financial system is presently constructed as a hybrid between private benefits and public costs, which encourages the private sector to take the necessary risks to achieve financial gains, secure in the knowledge that it will be the taxpayer who rescues losses with systemic effects."

Read here the latest opinion article by Nuno Ornelas Martins, Professor at Católica Porto Business School, published in O Jornal Económico (available in portuguese).