Decision of the swap shows that “socialist government had no reason” – TSF Online

The PSD leader Pedro Passos Coelho, believes that the decision of the London court, which gave reason to Santander in the case of contracts swap proves that the socialist government had no reason.

“Santander appealed to the court and won, which means that the socialist government had no reason. they are contracts that are not our They were not made by a government that had chaired, and I expect that people who were part of government or who supported justify why the country has to pay and the taxpayers have to pay so much money for these contracts’ ” claimed.

a London commercial court today gave reason to Santander Totta in the case involving nine processes ‘swap’, concluded between 2005 and 2007, with public transport companies Metropolitano de Lisboa, Carris, Metro port and STCP, today announced that bank.

at the end of a visit to EuroRalex company in the county of Carregal do Sal, Pedro Passos Coelho did point out that the contracts in question relate to a height where the PS was in government between 2005 and 2007.

“When I came to the government, these agreements implied very high public responsibilities, and the first thing we did was look for renegotiating these contracts to save money to the country . With this renegotiation could save hundreds of millions of euros to the treasury, up from 400 million euros, “he said.

Passos Coelho admitted that with Santander Totta failed to make any agreement to save money to the state.

“we understand that the contracts were not appropriate and therefore we refused to take the burden of these contracts, which were very high,” he added.

journalists, the former prime minister assured that there was no agreement before the trial because that “some understanding had been reached before, the state would have to agree that the contracts made by Santander were absolutely regular contracts.”

“it was not possible to state at the same time claim that they were not regular, in that it imposed additional costs to the Portuguese public companies and the state, and then publicly assume that no, it was possible to fulfill these contracts,” he explained.

In his view, the most that can be said is that in this case the Santander Totta, the government then led by you, “he failed to make these savings and the state will pay what he was required”.

“I could possibly have won something, if the court had made a different understanding, but we must also see if the state still wants to appeal. What we can say is that, to avoid any bad perception on this matter, the State did what he should have done, that is, managed to renegotiate many of these contracts to avoid losses that were behind, but in this case we can not, “he said.