1st minister says no demand cash inflow with privatization … – TSF Online

On the sidelines of a ceremony at the General Directorate of Local Authorities in Lisbon, asked whether the Government accepts give up this sale if the proposals are too low, Pedro Passos Coelho began by stating: “TAP needs to be capitalized: this is the background looks like that should not ignore. The company has to be capitalized, and the state can not do it. “

Passos Coelho argued that” the success of privatization is important for the company and for the country “and refused is concerned a” stubbornness “of the PSD / CDS-PP Executive. Questioned defends this position regardless of the values, he replied. “. Regardless of the values ​​in the sense that if we do not have a privatization solution, the company, as it stands, can not continue not continue”

The prime minister said that further privatization, such as the EDP and REN, had the motivation to achieve financial plugins. “This is not, at this time, the motivation regarding the TAP. The motivation in relation to TAP is to save the company, not the state make a cash inflow. I’m not in this to say that the state will pay for someone to stay with the now, that’s not what I am saying. But that is not the motivation of the privatization process, “he added.

Before, Passos Coelho returned to argue that” the only framework in which the state can get more money in the company is conducting a comprehensive restructuring of the company, is subject to approval from the European Commission. “

This option, claimed,” surely it entails as implied in other countries that have followed this path, a very high redundancy a decrease of the routes that exist today in the company, a decrease in the number of equipment and so on. “