The European Commission sees no problem in the Portuguese state investment in Caixa Geral de Depósitos, provided it is done as a private. In an interview with TSF / DN / JN / Money Live, the Commissioner of Competition, and opened the door that the government proceed with the injection of state capital in the public bank. ” as a matter of principle, a State may invest. There has to be necessarily state help. If the state investing as a private investor would, well that’s great for us and of course, it is not state help “ Margrethe Vestager refusal that in Brussels there is any prejudice to the public ownership of the bank. “. No way we are neutral with respect to the So there is no question.” At that level More:. Ensure that any public capitalization of CGD will be analyzed with only the criterion of legality. “ Decisions can not be policies . Also they may eventually have to be taken to court. And the court will not hear anything that is political or biased with respect to a state or a type of property instead other types of property, “he said. from this perspective, the Commission has” a very tight and factual way “to guide their work. And also he stressed, the decision on the future of the case “is up to the government.” The finance minister has already assured that the recapitalization will not affect the deficit . The capital injection will go to 4 billion , according to recently reported the Express. The European Commissioner has, moreover, been following the case in the Portuguese press, but stresses “It is not yet on our side.” In any case, he made a point to remember, in the same interview, the powers that the Commission has to block state interventions in banks. “The only cases in which we have a role to play is obviously when taxpayers’ money is used in a way that not similar to the way a private investor would use the money.”
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