Saturday, January 17, 2015

Silva Peneda says that idea of ​​self-regulation of the market ‘is a … – Digital Journal

Silva Peneda says that idea of ​​self-regulation of the market 'is a … – Digital Journal

“It was demonstrated that the market is not able to regulate themselves, so that the State, public authorities, need to be strengthened,” argued Silva Peneda, who spoke this afternoon in Leca da Palmeira, Matosinhos municipality, district Porto, in the context of a debate organized by the District Federation of Port PS on “Best State – More Democracy”.

To him, the “political power was allowed to capture the financial power” and “to dignify have to make a show that puts the financial power in order.”

Silva Peneda said the country can not “wake up in the morning with surprises, as with BES”, whereas ” permanent monitoring of the financial system is something essential. “

” We have to have a more effective regulatory system, with the awareness that this crisis has led us to a time of transition, which have not yet found the final solutions, “he said.

Defending the different balances must be” more or less tidy, “Silva Peneda said that” when there is an imbalance and political power want to correct gross, violently often can create many other imbalances. “

” The obsession with deficit, “he said,” created other imbalances in society, for example the loss of importance of the middle class, and a strong middle class is key for a country work. “

About regionalization, which has always defended, Silva Peneda said this” will better the more that is known to explain that part is important to have a cheaper and more effective state. ”

Silva Peneda believes that “centralism led to waste, opacity” and the regionalization process is conditioned on how it is explained.

Digital Money with Lusa

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