DRAFT RESOLUTION No. 382 ./XII/1ª

" IT RECOMMENDS THE GOVERNMENT TO BE GIVEN ABSOLUTE PRIORITY TO THE NEGOTIATION OF THE

LINE OF CREDIT WITH THE EUROPEAN INVESTMENT BANK PROVIDED FOR IN THE

STATE BUDGET FOR 2012, UPON CERTAIN CRITERIALS ".

The Socialist Party considers it vital to adjust or readjustment of the guidelines that

should structure the public policies of the internationalization of the economy and business,

as a starting point for the resumption of economic growth.

No resumption of economic growth all efforts of fiscal consolidation do not

have passed away from useless sacrifices and the country will not only fail to overcome the blockades

to external financing of your economy, as you are in the serious risk of coming to find

in a political, economic and social situation similar to that of Greece.

Thus, ensuring adequate financing conditions for companies and supporting

decidedly the private sector in combating the recession announced for the next few months,

will have to constitute the two foundations of Portuguese economic politics.

The PS has the clear awareness that the resumption of economic growth requires and presupposes the

guarantee of the financial sustainability of the State, which goes through the fulfilment of the

Memorandum of the Troika and of the deficit target of 4.5% for this year.

However, ensuring the financial sustainability of the state through a strong and firm

budgetary discipline has necessarily to live up to the resumption of an economy

turn to innovation, production and employment, and to the safeguarding of social policies that

always ensure the dignity of our fellow citizens in retirement, disease and the

unemployment.

In the present time, it is a determinant that small and medium-sized enterprises have

ability to carry out investments that provide the production of goods from a

structured and competitive form. In fact, small and medium-sized enterprises have

found many difficulties in the level of financing of their activities, which in a

short space of time if it can translate into a credit crunch , that is, in a situation of

abrupt and radical reduction of the available financial means. This scenario naturally that

would render any expectations of economic recovery unviable.

One of the instruments for financing / co-financing is the European Bank of

Investment, whose mission is to contribute to the balanced development of the community

through economic integration and social cohesion. The projects financed by the Bank are

selected with a view to contributing to the achievement of the EU's objectives, at the level of the

strengthening the competitiveness of European industries and small and medium-sized enterprises. The

this respect, it should further be mentioned that the Socialist Party has presented at the headquarters of

State budget for 2012 proposal, which was passed, the goal of which passed by the

Government to engage in efforts at the European Investment Bank, in the sense of

contravene a line of Financing to Small and Medium Enterprises.

Thus, under the applicable constitutional and regimental provisions, the Deputies of the

Socialist party present the following Resolution Project :

The Assembly of the Republic resolves, pursuant to the nº5 of Article 166º of the Constitution of the

Portuguese Republic, recommend to the Government that:

1-Be given absolute priority to the negotiation of the line of credit with the Bank

European Investment forecast in the State Budget for 2012.

2-Ensure selectivity and merit criteria in the access to the said line of

funding, guaranteed an appropriate use of financial resources

available and giving priority to the financing of the goods and services sectors

transactionable and to exporting companies.

Assembly of the Republic, June 20, 2012

The Deputies,