Sunday, November 13, 2016

Ferraz da Costa says that if the management of the CGD out, Rye has to go by the same path – Jornal de Negócios – Portugal

Pedro Ferraz da Costa, president of the Forum for Competitiveness, it considers that if the administration of the Box exit, in the wake of the controversy over the delivery of the statement of income, there is another person that you have to remove consequences: the minister of Finance.

In an interview with TSF/DN says he believes that “there is no other penalty that is not that” [output Mário Centeno if the current directors of the bank exit].

Pedro Ferraz da Costa adds that they would like the problem resolved. But regrets: “I think that nobody knows what is going to happen and this is the worst. It should not be possible in relation to the…will ask the taxpayers to come with a lot of money… and that is to do exactly what?”

And he continues:”the Box was the bank increased the wages in the Portuguese banking system between 2004 and 2010, more than 70%, this makes with that has such huge costs and losses in the current activity. It is not only the issue of loans to berardos and the whole thing”. And concludes: “it may not be the most expensive of all in terms of the average cost of personnel”.

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