Covid-19. Parliament generally approves extension of bank default for six months – Observer

Covid-19. Parliament generally approves extension of bank default for six months – Observer
Covid-19. Parliament generally approves extension of bank default for six months – Observer

The Assembly of the Republic approved this Wednesday, in general, with the vote against of the PS, a bill of the PCP to extend the bank moratoriums for another six months.

The bill presented by the communists received the favorable votes of PSD, BE, PCP, PAN, PEV, Chega and the non-registered deputies Joacine Katar Moreira and Cristina Rodrigues, the abstention of CDS-PP and Liberal Initiative (IL) and the vote against the PS.

These banking moratoriums have been in existence for a year and were created to help families and businesses due to the crisis caused by the pandemic of Covid-19.

After being approved in generality, the bill now falls to the specialty. Only if it passes a final global vote, the law is passed in parliament and will go to the decision of the President of the Republic.


In the plenary session of this Wednesday, another bill of the PCP on the possibility of temporary suspension of energy and telecommunications contracts by micro and small companies and sole proprietors, an initiative that counted with votes against from the CDS-PP and IL, abstention from the PS, PSD and Chega and favorable votes from the other parties and deputies.

The deputies also approved five draft resolutions, which do not have the force of law, serving as recommendations, which call for the reinforcement of support in times of pandemic, having rejected three others in the same direction.

During the debate on these projects in parliament, deputy Fernando Anastácio, from the PS, accused the PSD of doing an “exercise of hypocrisy” and “deceiving the Portuguese” by approving the PCP project even though he did not entirely agree with the initiative. The socialist warned that the extension of the moratoriums “can only be done within the European framework” and, if this requirement is not met, companies and families can be placed “as defaulters” and the financial system can be under “enormous pressure”.

On Tuesday, the governor of Banco de Portugal, Mário Centeno, stated that the likelihood that the European Banking Authority will prolong adherence to credit default is very low.

The PSD, deputy Carlos Silva recalled that private moratoriums are ending this Wednesday and regretted that measures that “compensate for the withdrawal” of these mechanisms are not known, since the pandemic has not yet ended and it is not known when “the economy is going out” intensive care ”.

Moments later, the social democrat Duarte Pacheco criticized that the restrictions enacted to try to control the contagions caused by the new coronavirus are still in force, but in the Government’s viewpoint, the Portuguese “can start paying now”. “Precisely while these restrictions are in force, the moratoriums must also be extended, respecting the agreement that the Government has to reach with the European Banking Authority”, he defended.

Deputy Bruno Dias said that the PCP is available “to accompany the other initiatives and work together for the best solutions” in the specialty, “but without wasting time and without maneuvers of fun”.

Deputy Duarte Alves, also from the PCP, considered that the country is “in a situation where there are still no conditions” for the Portuguese to “start paying the benefits”, so the extension of the moratoriums is “urgent”, but it is not enough, “substantive responses” are also required.

For BE, deputy Isabel Pires advocated that the “precipitous end of the moratoriums” can provoke a “wave of bankruptcies”.

Cecília Meireles, from CDS-PP, pointed out that “what solves the problem” is to find “real solutions and not just postponements over postponements” and warned that the parliament does not create “false expectations”, since the law “will not go into effect tomorrow”.

Deputy Bebiana Cunha (PAN) pointed out that the Government “cannot be absent” from companies formed after January of last year, so she must “find a solution” to support them.

The ENP said that the Government “insists on not reformulating” support, while the sole deputy of the Liberal Initiative defended that the State “has an obligation to ensure that support is simple” and that “it is not time for more PS bureaucracies”.

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