European Parliament Committee on Economic and Monetary Affairs in Lisbon 2-3 November 2017
A delegation of the Economic and Monetary Affairs Committee members concluded on Friday their 2-day visit to Lisbon where they met high-level officials, regulators, social partners and industry representatives. Key issues discussed included Portugal’s economic and financial situation, macroeconomic outlook and budgetary projections, structural reforms and competitiveness developments as well as supervision of and risks in the banking sector. MEPs met, among others, Mr Mário Centeno (Minister of Finance) and Mr Carlos Costa (Governor of the Portuguese Central Bank) as well as Members of the Portuguese National Assembly.
The delegation was led by Roberto Gualtieri (S&D), chairman of the ECON Committee. Speaking at the end of the parliamentary mission, the ECON Chair stated:
"The economic outlook from Portugal is positive and encouraging. Growth and jobs creation are gaining momentum and are rising hand in hand with deficit reduction and increased stability of the financial sector. We encourage the Portuguese government to continue this path by implementing reforms and pursuing social cohesion and sustainable growth. Taking the example of Portugal as a country which is successfully addressing a very difficult crisis will feed into the on-going reflections in ECON, in particular regarding economic governance as well as the completion of the Banking Union. In that regard, the situation in the Portuguese financial sector reminds us that, as far as banking union is concerned, we are still in the middle of a bridge towards a new regime. In order to address the misalignment between centralised risk control and national liabilities decisive reforms combined with courageous initiatives have to be taken at the European level to move forward completing the banking union and making the EMU more resilient.“
Full list of ECON members:
Roberto Gualtieri (S&D)
Esther de Lange
Theodor Dumitru Stolojan