The meeting between the governor of the Bank of Portugal and the prime minister about the problems of the BES and GES began as early as October 2013, according to the newspaper today goes “public”
The conversations between the governor of the Bank of Portugal and the Prime Minister on the financial problems in the GES and the risks of contamination to the BES started in October. At that time, Carlos Costa Passos Coelho suggested that Ricardo Salgado should leave the leadership of the bank, that message was sent by the Prime Minister to the Board of GES, according progresses this Wednesday Público.
The trips to St. Benedict’s Governor of the Bank of Portugal intensified between October and early December, when the Bank of Portugal noted the liability of around EUR 7 billion of GES.
In these meetings, the newspaper explains, Carlos Costa explained that the solution would be the removal of Ricardo Salgado, who at the time had been called to the prosecutor to rectify the IRS due to EUR 8.5 million missing. But suggested that the initiative leave the banker.
Passos Coelho have done to get the message from the Governor to the Board of GES. At that time, the replacement was discussed, but the family chose to keep Ricardo Salgado.
Carlos Costa then negotiated the removal of Salgado after the capital increase in June, but Salgado was until July. Carlos Costa after Ricardo Salgado accused of having authorized operations by default however the Bank of Portugal.
The President raised doubts about whether you received “timely” Government all relevant information on the BES.
“The President has no ministries, no policy delivery services, has no enforcement or investigative services and therefore receives all the information from officials,” said Arganil, the head of state , quoted by Lusa
The Presidency “expects once the government has knowledge of material facts not stop [him] communicate”, and hopes that “it happened so -. because it is the result of Constitution “- if BES added Cavaco Silva.
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