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The Minister of Economy and Digital Transition, Pedro Siza Vieira, said this Tuesday, in an interview with TVI, that the Government is willing to extend the banking moratoriums, as well as to launch new lines of credit.
“We are prepared to extend the bank default, we are prepared to relax support for the progressive recovery and we are prepared to launch new lines of credit,” said Siza Vieira, in an interview about the country’s economic recovery plan.
The minister devalued the concerns of the social partners, who say they are underrepresented in the Recovery and Resilience Plan, saying that one of the government’s priorities is to support companies at such an “adverse” time.
For the minister, the efforts made so far by the companies will not be in vain. “We have a very important set of funds in the companies’ recovery plan. We will have companies capitalization instruments and we will have the operation of the new Development Bank, which will be available not only to support the capitalization of companies, but also to grant credit for investments to modernize our economy, ”he said.
European funds are not a “money bag”
Regarding the use of money from the European Union to support countries in their efforts to overcome the crisis generated by the pandemic, the minister indicated that the most important thing is to have transparency and responsibility and to invest in the recovery and reform of the economy.
Following the application of European funds, Siza Vieira hopes to see Portuguese society “more inclusive and fairer”. The minister wants to see the objectives of digitization and decarbonization of the economy met in nine years. The biggest challenge, he believes, will be to modernize justice and public administration, which he considers “in the 20th century” when it comes to digital.
Pedro Siza Vieira also recalled that there are rules that the country must obey to apply European funds. “It is not a bag of money that we can do what we want,” he warned. “In the best years, we spend 3 billion euros on projects with European funds. Now, we are going to have to execute 6 billion during the first six years. “
