Categories: Economy

Portugal has no money to pay business aid

&amp;NewLine;<p>Portugal&amp;comma; which is placed in <a href&equals;"https&colon;&sol;&sol;portobeautiful&period;com&sol;le-portugal-en-confinement-de-nouveau&sol;">containment<&sol;a> for about 7 days and for a minimum of 1 month&amp;period; When the government announced the implementation of the containment&amp;comma; the Minister of the Economy announced that various measures were being put in place to support companies that had to close as a result of the containment, except that the state coffers are empty&amp;period; <&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<h2 class&equals;"wp-block-heading">Portugal has no money to pay business aid <&sol;h2>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>The Portuguese Confederation of Enterprises &amp;lpar;CIP&amp;rpar; argued on Thursday that the country does not have the <a href&equals;"https&colon;&sol;&sol;vivreauportugalconsulting&period;com&sol;portugal-confine-aides-au-entreprise&sol;">financial capacity to compensate businesses <&sol;a>for losses due to containment&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Rafael Campos Pereira&amp;comma; vice-president of the CIP&amp;comma; admits that given the current pandemic situation&amp;comma; measures are needed to reduce the risk of contagion&amp;period; In this sense&amp;comma; the IPC recommends the adoption of "more rational" rather than "extreme" containment&amp;comma; as well as increased screening&amp;comma; vaccination and isolation of positive cases&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>Still according to Rafael Campos Pereira&amp;comma; it's hard to believe that public transport is not at the origin of 87&amp;percnt; contagions from which we don't know&amp;rsquo&amp;semi;where they come from"&amp;period; The CIP also noted that&amp;comma; since April, they have proposed the adoption of capitalization measures for companies&amp;comma; as well as capital injections&amp;comma; suggestions which&amp;comma; according to the Confederation&amp;comma; have only been taken into account this month&amp;period;<&sol;p>&amp;NewLine;&amp;NewLine;&amp;NewLine;&amp;NewLine;<p>As such&amp;comma; the government today announced the creation of&amp;rsquo&amp;semi;a credit line in which 20 &amp;percnt; of the amount borrowed can be converted into non-refundable grants for businesses"&amp;period; For the CIP&amp;comma; the terms of these loans seem "less favorable"&amp;comma; although&amp;rsquo&amp;semi;it notes that&amp;rsquo&amp;semi;it is not known whether there are any constraints on converting the amounts into grants&amp;period;<&sol;p>&amp;NewLine;

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