The European Commission has approved an envelope of 250 million euros to further capitalize Banco Português de Fomento, made available as part of the recovery and resilience plan. The measure gives Banco de Fomento even more instruments to develop its activity and support the economy, which is positive for the leader. Now the results should start to show.
Antonio Costa Silva
He made a bad entrance to the executive with unfortunate statements that scared companies and which he was forced to clarify. First, in the debate on the government program, he admitted the possibility of imposing a tax on the windfall profits of companies. Yesterday, he had to explain that such a measure would only be adopted “as a last resort, if necessary”. There is no second chance to make a good first impression.