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LISBON – The Prime Minister highlighted today the “crucial portfolio” of Financial Services assigned to the European Commissioner proposed by Portugal, Maria Luís Albuquerque, considering it to be “a vital sector for the competitiveness of the European economy.”
The President of the European Commission, Ursula von der Leyen, proposed today the assignment of the Financial Services and Savings and Investment Union portfolio to the commissioner nominated by Portugal, Maria Luís Albuquerque.
In a statement, Luís Montenegroemphasizes “the crucial portfolio assigned to Commissioner Maria Luís Albuquerque, nominated by Portugal. It will be a vital sector for the competitiveness of our economy, the realization of the Capital Markets Union, the promotion of private investment, and the enhancement of European innovation capacity.”
The head of government highlights that the topics that will fall under the purview of the former finance minister “were considered central in the Union’s strategy approved by the European Council and were particularly highlighted by the recent Letta and Draghi reports, the latter especially.”
“This is a central matter for Europe and Portugal, with a view to diversifying sources of financing to promote economic growth and investment. This is essential to the progress, sustainability of the social and economic project of Europe, and the Union’s capacity to meet the expectations, needs, and interests of European and Portuguese citizens,” he concludes, in a statement released by the Prime Minister’s office.
In the only public intervention she has made so far, at PSD’s Summer University, a political training initiative for young cadres, the future commissioner argued that “there is still much to be done in the Economic and Monetary Union” and warned about the difficulties in the circulation of small capitals.
Maria Luís Albuquerque, 57, was Minister of State and Finance during the period when Portugal was under financial assistance from the ‘troika’, succeeding Vítor Gaspar in July 2013 and remaining until the end of the executive led by Pedro Passos Coelho. (17/09/24)
PM highlights “crucial role” for Maria Luís Albuquerque
The head of the Government emphasizes that the subjects that will fall under the responsibility of the former Finance Minister “were considered key in the Union’s strategy approved by the European Council and were highlighted with special emphasis by the recent Letta and Draghi reports, particularly the latter.”
