Monday, April 18, 2016

Marcelo and BPI: the President “will do everything to ensure the stability of the financial system” – Daily News – Lisbon

The President did not take it promulgates the ordinance that desblindará BPI’s statutes

Marcelo Rebelo de Sousa promised on Sunday, “do everything” to ensure the stability of the financial system, but did not state whether it intends to enact the ordinance that the Council of Ministers has already approved that requires the deshielded of BPI’s statutes, as can be a solution to the stalemate in the bank.

Speaking of Coimbra, alongside the evocation of “academic crisis of 69″, the President said the BPI case stating that “the Portuguese realized that it was very important there was in this case a solution that passed by an agreement that was firm and fast “

An understanding would allow.” prevent the risk of negative consequences for the Portuguese financial system with European entities “- such as the Bank European Central -. with the entrainment of the impasse in shareholder of the bank situation

“a week ago it was reported to the CMVM an agreement. And all rejoice. After a week, the agreement was questioned, “recalls Marcelo.” In the same way that the PR did everything so that there were conditions for which there was an agreement, will do everything to be done the national interest, “he said.

“And the stability of the financial system is critical to the national interest”, he said.

Marcelo however did not answer whether it will enact the ordinance approved this week by the Council of Ministers will force desblindar the statutes of the bank.

This diplomam, it enters into force, will allow CaixaBank launch a tender offer (takeover bid) of the shares of BPI market in order to keep control over it without the agreement of the Angolan businesswoman Isabel dos Santos.

a process that, however, it may take months to materialize, as warned Luis Marques Mendes early evening in SIC Notícias.

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