The prime minister said Friday that Portugal will meet the British court decision considered valid contracts of ‘swap’ between Santander Totta and four public companies, stressing that it is a consequence of an earlier governmental decision.
The function of this Government is to solve problems that arise and this is what we will do. Obviously it’s not good news [because] means more costs for the state, but we have to support them and to face because that’s what it is for a government. Face problems and solve them, “said Antonio Costa told reporters in Ponte da Barca at the end of a visit to a company supported by EU funds under the plan 100.
But the Minister of Finance Mario Centeno had stated that the decision of the Court of London is “just one problem” that the government inherits the previous executive and could have an impact on public accounts.
there are many issues in this process that still deserve government decisions always take place than for the pronouncement of the London court. [They will] obviously potentially budgetary impact, but whose impact is not immediate. “
A London Court gave reason to Santander Totta in the case involving nine ‘swap’ processes with business public transport Metropolitano de Lisboa, Carris, Metro do Porto and STCP, announced Friday the bank
in a statement, Banco Santander Totta (BST) states that the Commercial Court in London. – whose sentence it was now known – “beyond [her] recognize overall ratio, also stressed that it was clear throughout the negotiating process that BST properly advised public companies at the time of conclusion of ‘swap’ contracts”
.
Asked about the impact of this judgment on the state budget and public finances, Antonio Costa, said: “we’ll see how are the payment terms Obviously it is a consequence of a previous decision that we have to honor and comply with the decision. judicial “.
we will see how it will be fulfilled, what is the impact and what year” he said.
When asked if the state will appeal the prime minister said only that “there is, at this time, decision on the matter.”
the head of the Government declined even to comment on the situation of the former Finance Minister Maria Luís Albuquerque, stating whether it is an issue that “concerns the Assembly of the Republic.”
the Member of the PSD and former Finance Minister Maria Luis Albuquerque was hired by Global Arrow to non- executive director and argues that this does not have “any incompatibility or legal impediment” with current or previous political functions.
The non- executive director function has no incompatibility or legal impediment because was Minister of State and Finance and be Mrs. Any other reading that may be made to this appointment can only be understood as a mere party-political advantage, “she said Maria Luis Albuquerque said in a statement.
The former finance minister has been appointed to director non-executive of Global Arrow group, which has in Portugal customers as Banif, Millennium BCP and Montepio, with effect from 7 March and the deputy will now integrate the risk committee and audit.
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