“It is a mistake to let the Bank of Portugal rule in Terreiro do Paço” – O Jornal Económico



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Mário Centeno left navigation notices yesterday, at a time when the left continues to seek achievements for the State Budget for 2021 (OE2021), and Mariana Mortágua did not miss the message of the current governor of the Bank of Portugal (BdP) , which was interpreted as pressure to negotiate in the specialty.

“It is a mistake to let the Bank of Portugal rule in Terreiro do Paço,” wrote the deputy of the Bloco de Esquerda, in a Twitter post, in which she adds that “when the crisis is at the center of collective life, the health and the economy, answering for the “margins”, as Centeno argues, is a recipe for disaster. Government patches do not save the NHS or jobs. “

This Monday, Mário Centeno defended that the public support implemented in response to the crisis caused by the pandemic should not lose its exceptional character, in a context in which public policies must act on the sidelines, promoting job creation by promoting new ones. hiring. “More than ever, the new policies must remain on the sidelines,” said the head of the banking regulator, during the X Conference of the Bank of Portugal.

The former Minister of Finance stressed that “the support must be focused”, being “avoiding supporting unviable business projects”, but “supporting workers with greater integration difficulties in the post-pandemic market” and defending the structural change of social support, given that “Permanent changes will distort the support mechanisms for the resumption of activity” and will make it difficult to “adapt in the future”, running “the risk and not responding to the crisis that is coming.”

In an opinion article published this Tuesday in the “Jornal de Notícias”, the parliamentarian accuses Centeno of “in other words and in a mitigated way” having in his argument “the same ideological matrix that, in the past, supported the policies of austerity”. and the “structural reforms” that punished the country. “

“Mário Centeno resigned himself to the worst scenario. And all in the name of a concern: the increase in public debt. Now, reality has already shown that debt is capricious and thankless, fueled by unemployment and recession. Weak policies, such as those suggested by Centeno, will not be able to avoid this drift ”, he adds.



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