Download AMAN Application from Apple store and Google play                                Follow us on : Twitter - Facebook - YouTube - Instagram

STATUTES GENERAL ASSEMBLY SECRETARY GENERAL CONTACTS Follow us on Twitter Follow us on Facebook Follow us on Instagram
Daily News
MedNEWS HOME
Lusa - Business News - Equatorial Guinea: Recession of 11.3% forecast for 2020 - ADB
Abidjan,July 9,2020(Lusa)-The African Development Bank(ADB) on Thursday aggravated the forecast of a sharp drop in Equatorial Guinea's economy to 11.3%...
Lusa - Business News - Portugal: Porto council to open tender for new bridge across river Douro when
Porto,July 9,2020(Lusa)–The Mayor of Porto, Rui Moreira, said that as soon as the law for the design-building tender is changed,...
Lusa - Business News - Portugal: Portable air conditioners 50% less efficient than fixed, energy labels
Lisbon,July 9,2020(Lusa)–Portable air conditioners are half as efficient as fixed ones and their labels fool consumers, warned environmentalist associations Zero...
Lusa - Business News - Portugal: Stock market opens Thursday session rising 0.31%
Lisbon,July 9,2020(Lusa)-The Lisbon Stock Exchange opened Thursday on positive ground, with the main index, the PSI20, up 0.31% to 4,490.19points....
Lusa - Business News - Portugal: Top headlines on Thursday
Lisbon,July 9,2020(Lusa)–Controversy over Mario Centeno’s nomination as governor of the central bank and the death of ex-PM Jose Socrates’ lawyer...
Lusa - Business News - Portugal: President hopes European Council will match Commission's courage




Almada, Portugal, May 29, 2020 (Lusa) - Portugal's president, Marcelo Rebelo de Sousa, has said that he hoped the European Council would live up to the courage that he believed the European Commission had shown with its proposal for a recovery fund.

"There was a president of the European Commission who at a very difficult time took an important step for the euro and built a different Europe: Jacques Delors. Here, the president of the European Commission [Ursula von der Leyen] had a Delors moment a moment of courage, she set the bar very high. And the European Council is expected to be up to that standard," De Sousa said on Thursday.

He was speaking at the end of a visit to a collective in the municipality of Almada, Setúbal district, and said that what they are talking about for Portugal is a very, very important help for the start-up of the Portuguese economy after the social costs of the Covid-19 pandemic.

However, he stressed that it needs to be approved by the European Council, adding: "And I hope that the 27 countries and their leaders will be equal to what is expected of Europe because the big winner in all this is Europe. If Europe is united, strong, and investing in the future, it is Europe that wins."

On Wednesday, the European Commission presented a proposal for a €750 billion recovery fund to minimise the economic and social effects of the Covid-19 pandemic, which Portugal expects to receive €26.3 billion from.

The European Commission has proposed that €500 billion be channelled to member states through non-repayable grants and the remaining €250 billion in the form of loans.

IEL/IMYN // ADB.

Lusa


Agency : LUSA

Date : 2020-05-30 09:13:02







 

Copyright © Alliance of Mediterranean News Agencies 2017