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The Bloco de Esquerda did not like that Mário Centeno said, in the X Conference of the Bank of Portugal, on Monday, that “more than ever, the new policies must act on the sidelines”, arguing that social support must be temporary and not permanent . “It is a mistake to let the Bank of Portugal rule in Terreiro do Paço”, the blocking deputy Mariana Mortágua reacted on Tuesday.
“When the crisis is at the center of collective life, in Health and the Economy, answering by ‘margins’, as Centeno maintains, is a recipe for disaster. Government patches do not save the NHS or jobs. It is a mistake to let the Bank of Portugal rule in Terreiro do Paço“, the deputy wrote on Twitter.
When the crisis is at the center of collective life, in Health and the Economy, answering by “margins”, as Centeno argues, is a recipe for disaster. Government patches ñ save the NHS and jobs. It is a mistake to leave the The Bank of Portugal rules in Terreiro do Paço https://t.co/liAD2xOxrH
– mariana mortágua (@MRMortagua) November 17, 2020
At the aforementioned conference, Mário Centeno spoke more as a former Minister of Finance than as governor of the Bank of Portugal. “Public support must be temporary. Faced with a crisis that is not structural, we must not change the essentials of our social and economic support system, “said the former government official, at a time when the discussion of the State Budgets for 2021 in the specialty begins.
He also warned of the need for extraordinary measures not to become definitive, due to the fact that there will only be an effective recovery if public resources are focused on projects that are already underway, and expressed concern about a public and private debt that Yes, it can be permanent. “The levels of indebtedness make massive interventions in social support and the economy prohibitive,” he acknowledged.
“The governor admits that the crisis will have structural effects but rejects any fundamental change in social support or ‘massive’ support for the economy. He is concerned that public investment will go beyond projects already underway and that ‘barriers to labor mobility’ are created, that is, legal measures aimed at curbing layoffs “, Mariana Mortágua describes in an opinion article about it. published topic. this Tuesday at Newspaper.
And he concludes: “In other words and in a mitigated way, Mário Centeno’s argument has the same ideological matrix that, in the past, supported the austerity policies and the ‘structural reforms’ that punished the country. (…) With the crisis, the discourse of inevitability returns, hand in hand with custom ”.
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