(ECA Iberia, Lisbon, 26 May 2009) Portugese Prime Minister José Socrates announced in the bimonthly debate at the National Parliament, the government’s intent to buy the majority of COSEC’s shares, and therefore, re-nationalize this export insurance company in order to ensure a more direct intervention of the state in export credit markets, and provide a better support to Portuguese exporters.
Portugal announces intent to renationalize ECA COSEC
