The european commissioner for Competition, Margrethe Vestager, said on Wednesday that it is monitoring the developments in the Caixa Geral de Depósitos (CGD), and expecting the bank to “go ahead” after the recapitalisation.
“We’re in normal contact with the Portuguese Government for this and the new administration of the Box tell how the case will follow,” he said at a press conference.
On Monday, the Portuguese minister of Finance said there was no reason to question the agreement with the European Commission over the recapitalization of a public bank, because the new executive chairman, Paulo Macedo, “meets the requirements”.
Mário Centeno ensured that the process of recapitalisation is expected to proceed as expected.
Paulo Macedo, former minister of Health of the government PSD/CDS Pedro Passos Coelho, he succeeds António Domingues to the front of the Caixa Geral de Depósitos. Domingues presented, on the 27th of November the resignation to the chairman of the Board of Directors of the bank, in a model in which there was a single president.
The resignation followed five weeks of controversy surrounding the refusal of delivery of the statement of income in the Constitutional Court, which he joined in then a new question related to the case of António Domingues be in possession of privileged information about the Box when he participated as a guest in three meetings with the European Commission to discuss the recapitalisation of the bank, while it was still the framework of BPI.
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