Vice-President of the European Commission agrees with CIP's concerns

Letter sent in April by António Saraiva to Ursula von der Leyen got an answer from his “vice”. Valdis Dombrovskis defends "that Europe must be equipped with the necessary instruments to face the economic and social consequences of the crisis".

The European Commission stresses that the approval of the European recovery plan will allow several supports to reach Portuguese companies later this year, showing harmony with the concerns of CIP - Confederação Empresarial de Portugal, listed in a letter sent in April to Ursula von der Leyen, president of the community executive.

In the reply letter to the president of the employers' confederation António Saraiva, to which the Jornal Económico had access, the vice-president of the European Commission, Valdis Dombrovskis, points out that he shares the opinion and says “that Europe must be equipped with the necessary instruments to face the economic and social consequences of the crisis ”.

"I also agree that some Member States may not have sufficient capacity to respond individually to this crisis", the document, dated 3 July, can read.

The CIP wrote to Brussels to argue that the recovery fund, which has not yet had a 'green light' from the European Council, should be built “in the form of grants, as far as possible, so as not to burden the future of countries with indebtedness levels. already high ”.

"It must also be mobilized easily and quickly, in proportion to the difficulties caused by the crisis and without unnecessary conditionalities", he maintained.

Valdis Dombrovskis stresses in his reply that most of the recovery plan is made up of grants. “Portugal and Portuguese companies will benefit from substantial additional subsidies, namely from the cohesion policy, the Fair Transition Fund and the grant component of the Recovery and Resilience Mechanism”, he says.

He also stresses that “as long as the package is approved quickly, several instruments will guarantee immediate support as early as 2020”, namely the Solvency Support Instrument, which allows support to viable companies and REACT-EU, which allows additional support through programs cohesion measures to respond to the challenges triggered by crises.

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