New Bank: PSD says that government must set aside the idea of ​​nationalization – TVI24

The PSD leader defended this Thursday that the government must quickly clarify that it does not intend to make the nationalization of Novo Banco, considering that threaten this possibility worsens sales perspective.

” I think it was important that the Government quickly clarify that it intends to leave no door open for the nationalization of the bank, “said Pedro Passos Coelho, in Ponta Delgada, Azores, when asked about the exit of thousand workers, 500 in collective redundancy within the New Bank restructuring plan.

for Passos Coelho, “competes at this time, the administration of the bank and, in this case, too, the background resolution and the Bank of Portugal, that is who have a responsibility to proceed with the sale of the New Bank to assess in its communication with investors what you need to do and say to somehow improve the sales perspective the bank “.

” Now, there’s one thing I know, is not threatened with nationalization that improves this perspective, on the contrary “, he said.

for Passos Coelho, the bank’s management and the Bank of Portugal, which is leading to alienation, “is to be found a strategy that can convey confidence to the market as the work that is being carried out within of the bank, so that investors believe that it is worth to come to buy. “

Asked if compared to the announcement of the losses and the possibility of output thousand workers if this is the ‘timing’ for proceed with the sale, the President of PSD believes that the Government and the Bank of Portugal that at this time “should make a communication to the market on what are the intentions”.

“the more that someone who was in the prime minister’s position should do, it seems, was to draw attention to the need, first, not to complicate the process of the sale, not worsening sales prospects, and, secondly, to say that it was better that bank management and resolution fund quickly present a program that offered guarantees the credibility of the market for the sale of the bank, making it clear that the state would not nationalize the bank. This was what I would say if he were prime minister, but I’m not, “said Passos Coelho.

The new restructuring plan of Bank implies the output of 1,000 employees earlier this year, the which 500 workers should leave the entity under a collective dismissal, today informed the committee of bank employees.

“following the restructuring plan imposed by the EU and which is already underway, the bank will have to reduce in 2016, about 1,000 jobs, being supposed that 500 are through the use of a collective dismissal, “reads a statement released by the National Committee of Workers of the New Bank .

the management team of the New Bank clarified Thursday that the restructuring of the entity involves the output of up to 500 workers in 2016, and not 1000 due to staff reductions already made in recent months.