Barroso: “Something must be done to address the issue of banks” – TVI24

Barroso refused Tuesday to comment on the prime minister’s proposal to create a vehicle for toxic assets of banks – ie a bad bank for bad debt – but argued that “something should be done to solve the problem of banking in Portugal.

“I know this proposal can not therefore comment on it. What I can say is that something must be done in Portugal to address the issue of bank “

also a former Portuguese prime minister and former president of European Commission justified this need by stating that “the situation of the Portuguese banking sector remains difficult despite all the efforts made” and that “it is the Portuguese and European interest” to find a solution, he said, quoted by Lusa on the sidelines of a conference in Lisbon.

“in order to have full confidence in the Portuguese banking and not to continue to emerge news (…) about this or that bank, in a recent case, the resolution of a bank “

Barroso stressed in this context the essential role of the Portuguese banking system as a” primary means of financing the economy “

More:. the problem competitiveness are not limited to the banking system Barroso defends the pursuit of “structural reforms” but repeated that “it is certainly a problem,” to conclude:.. “If there are interesting and intelligent proposals to solve, very well”