REad more on this story on the FT.com: <br /><br />► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Portugal's decision to impose heavy losses on almost €2bn of senior bonds at Novo Banco has sparked anger from their owners. Lex's Giles Wilkes recounts the history of the bank's troubled bonds, and why Portugal is willing to incur investor ire.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
