The communist João Ferreira, member of the Political Committee of the party, noted this Friday at the entry into circulation of the euro 20 years ago, recalling as “disastrous consequences” that still remain for the Portuguese people.
In a note published on the party’s official website on the Internet, the also councilor at the Lisbon Chamber mentions that, “20 years later, reality belies the propaganda and gives reason to those who, like the PCP, predicted and warned against the impacts of adhesion” .
“On the first day of 2022, 20 years will pass since they entered into circulation as euro notes and coins. Portugal joined the single currency three years earlier, in 1999, when it formally no longer had a currency, a central bank, a monetary policy , financial and exchange, independent “, he stressed.
The physical cash in euros, instead of escudos, he recalled, was only dependent on the beginning of 2002, being that “date that the Portuguese remember best”.
Promises broken by reality, which brought us, yes, the degradation of wages and purchasing power, “he accused.
According to João Ferreira, in Portugal, the PS Government did not go “beyond the 705 euros minimum wage until the end of 2022”, recalling that in Germany the minimum wage will reach “soon to reach 2,000 euros”.
“In Portugal, the average salary is just above 1,000 euros. When abroad, in the Eurozone, the same salary is, on average, 1,900 euros. The consequences of the euro were, and continue to be, disastrous for Portugal and for the people Portuguese”, he stressed.
According to João Ferreira, it was the PS, PSD and CDS governments that placed Portugal in the euro and “blame each other, but hide their common commitment to the euro and the damage it caused”.
After joining the euro, the candidate for the PCP referred to the most recent important presidential candidates, the national economic growth “reduced to less than a quarter”.
“The euro has brought recession and stagnation, a great lack of growth. Our country, like others, has gone through economic cycles and crises, but a single currency has not protected it, quite the contrary, as was seen during the ‘troika’ period . Portugal did not lose years, decades before”, he accused.
According to the communist, the euro puts Portugal “increasingly at the tail of Europe”, instead of putting it in the “front squad, as advertised”.
“There was no convergence with the European average, much less with the more advanced countries, there was divergence. Portugal has become one of the least growing countries in the world,” he considered.
According to João Ferreira, Portugal needs “to free itself from the euro, from its own currency, adjusted to its reality and also to its potential, which promotes investment, the modernization of the productive apparatus, the diversification of foreign trade, the efficiency of services wage increases and the qualification of workers”.
For the PCP, he added, rights, rights, development, the response to the problems of the people and the country “overwhelm external impositions.”