The Assistant Secretary of State for Treasury and Finance, Ricardo Mourinho Félix accused Thursday the executive previous PSD / CDS have masked the problems of the financial sector, with the compliance of the Bank of Portugal and international institutions .
“A recession as deep left marks in the financial system. Manufacturers increase as the problems of the financial system, which were masked by the previous executive, with the compliance supervisor and international institutions “ , he said in parliament the president.
in his speech at the standing committee of the National Assembly, Mourinho Felix said the role Caixa Geral de Depósitos (CGD) played during “the deep recession that marked the passage of the PSD by the Government”.
According to the Secretary of State ” this period, the case was the refuge bank of many Portuguese savings and avoided that attend to a leak of deposits “.
After hearing the positions of the various parliamentary groups on the restructuring plan public bank, negotiated between the Government and Brussels, which includes a significant recapitalization, Mourinho Felix pointed to the economic effects that the crisis has had on many companies that went bankrupt and failed to honor their commitments to the banking.
it also highlighted the environment of low interest rates that led banks to take significant losses on housing loans, a segment in which CGD has a strong expression.
And he stressed “maintaining confidence in CGD implies a page turn”
Mourinho Félix considered that the plan designed by the government will enable CGD “deal with non-performing assets and ensure adequate impairment coverage”. and “direct lending to the best business projects that create value and jobs,” and even “create shareholder value”.
the aim is that the state bank is “self-sustaining, as in the past, “he said.
in the debate, the opposition parties (PSD and CDS) launched criticism and doubts about the Government action on CGD, as the parties supporting the government of António Costa (PS Block Left and PCP) defended the need for Portugal have a robust public bank and contribute to the stability of the financial system.
CDS and PSD lament the absence of Centeno in the debate in RA
the parliamentary groups of the CDS and PSD criticized the Finance Minister Mario Centeno, has delegated to the Secretary of State Mourinho Félix participation in the debate on CGD in the standing committee of the National Assembly .
First was the deputy CDS Nuno Magalhães to pull it right at the start of the debate on the public bank, and after Luis Montenegro, PSD deputy, supported the position expressed by centrist deputy.
Pedro Nuno Santos, Secretary of State for Parliamentary Affairs, responded on behalf of the government, stressing that what was requested by the CDS was the presence of the Government in this debate, not the minister, and that it was never agreed.
“that’s not to transmit the leadership conference, nor was it the CDS asked. The CDS asked the presence of the Government. There are minor figures in the government. The Government decided that those who represent the government was the Secretary of State for Treasury and Finance. “ highlighted
He added:” Who defines who speaks for government is the government. “
Centrists accuse government of” muddle “in the appointment of new managers
the Member of the CDS-PP, Cecilia Meireles, accused the executive António Costa have made a “mess” in the appointment of the new management of CGD and the “irresponsibility” in the drag of the recapitalization process.
“muddle, irresponsibility and concealment” were the three words used by Cecilia Meireles in debate on the public bank in the standing committee of Parliament to characterize the intervention of the Government in the public bank over the past few months.
the MP stated that the “mess” was related to the appointment of the new team bank management.
“they tried to get a new bouquet of managers and increase their earnings,” considered, adding that there was from the government “irresponsible in drag” process of recapitalization and yet ” blind “data on it.
Cecilia Meireles also accused the legislators of the PS group, the Left Bloc and Communist Party of trying to derail the hearing of Antonio Domingues, the new leader of CGD, in committee of the ongoing investigation to the public bank.
“This majority tried to derail the hearing of the President of CGD in the commission of inquiry. It will only be possible due to potestative right CDS “ , he said.
Moreover, the Member of the CDS questioned Ricardo Mourinho Félix on different subjects, having been no direct answers, due to the format of the debate in the standing committee.
“We have maximum values for this capitalization. What are the real values? How much will win these super managers? And the effort of recapitalization with public money goes or not the debt? “ were the questions put by the centrist MP.
” Money does not fall from the sky and the Portuguese will pay this money, “he stressed.
Cecilia Meireles pointed after batteries for the consequences of the restructuring plan negotiated between the government and Brussels.
” How many workers will be laid off and how many branches will be closed, “questioned.
the MP also asked if the sum of EUR 700 million that the media has reported being reserved for the reduction of workers’ staff correspond to the truth and it is expected the dismissal of more than five thousand workers.
PS accuses opposition want government lose battle with Brussels
the deputy PS Carlos Pereiras accused the PSD and the CDS have the “hidden desire” that the executive António Costa lost the battle with Brussels on the restructuring of CGD.
“There is a hidden desire and a barely concealed desire for the Portuguese government to lose a battle with Brussels “ , launched the socialist deputy.
” All the times when there are negotiations with Brussels, masters wring their hands and begin to create catastrophic scenarios, “he said.
Carlos Pereira also said that the opposition parties come to build” delusional scenarios “in order to try to weaken the government’s image in the public.
“Not long ago, the president of the PSD even said that in September came the Devil. It is despair “ shot
The Socialist deputy left one.” Challenge “to the PSD and CDS:” Accept that this solution was a victory for Portugal. Will make robust CGD and ensure that CGD is as a public and not private bank, as you wanted to. “
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