PCP proposes immediate nationalization of Novo Banco

The communists propose that “the Government reverses the Novo Banco sale contract, ensuring that any indemnities relate exclusively to the amount injected by Lone Star, less any gains from the bank's asset management, or from harmful management practices”, read in a note released by the parliamentary group.

The PCP also proposes “an extraordinary assessment of the policy for managing assets, wealth and debt forgiveness at Novo Banco, the suitability of its directors, namely with regard to the policy of premiums and the salary policy of management and managers top ”.

NS // SF

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