Prime Minister António Costa assured the President of the European Central Bank (ECB), Christine Lagarde, that Portugal will fulfill the commitments assumed with the sale of Novo Banco.
According to a tweet published by the Prime Minister this Thursday, António Costa assures that he has guaranteed Christine Lagarde “the scrupulous fulfillment of the commitments assumed in connection with the sale of Novo Banco.
#Portugal it is a rule of law that fulfills its contractual obligations. I spoke to the President of the ECB, @The guard, to whom I guaranteed the scrupulous fulfillment of the commitments assumed in connection with the sale of Novo Banco. pic.twitter.com/Noas8HjOr7
- António Costa (@antoniocostapm) November 26
The blockade proposal that foresees the elimination of the authorization to transfer the Resolution Fund to Novo Banco was finally approved in Parliament this Thursday. The rule had been raised after a negative coalition made it possible in the Budget and Finance Commission (COF) last night, and after negotiating until the last, it seemed that for the moment the Government had managed to reverse the result.
Early in the afternoon, António Costa lamented that "parties have deserted or have not resisted the populist temptation to pass measures that could threaten international credibility" referring to the measure that halted the transfer of 476 million to Novo Banco.
The proposal had the green light yesterday at the COF, with favorable votes from the PSD, BE, PCP and PAN and the abstention of the CDS, having voted against only the PS, the Liberal Initiative and Chega. However, the proposal was called again to Plenary, where the ENP and the two non-registered deputies also take place.