The Left Block presented an initiative called "Travão Caixa," asking Caixa Geral de Depósitos to suspend interest rate hikes on housing loans. The action was announced by the party coordinator.
The Left Block coordinator criticized the government, saying it "is an agent of chaos" and is waging "a war against what is common." This statement was made in the context of the initiative's presentation.
CGD, the Portuguese state-owned bank, has been raising interest rates on housing loans, which prompted pressure from the Left Block for the public financial institution to reconsider this decision.
The left-wing party argues that the measure would affect thousands of Portuguese families and defends that Caixa Geral de Depósitos, being a public bank, should play a more protective role towards its clients.
