• Short Summary

    The Confederation of Portuguese Industry opened a three-day congress in Lisbon on Thursday (10 July) to discuss the gloomy future of private enterprise in a country gripped by an economic and political crisis.

  • Description

    The Confederation of Portuguese Industry opened a three-day congress in Lisbon on Thursday (10 July) to discuss the gloomy future of private enterprise in a country gripped by an economic and political crisis.

    Representative from industrial organisations in Norway, Sweden, West Germany, Finland, Malta and Denmark were present at the opening ceremony. One of the first speakers was the President of the International Employers' Organisation, Sweden's Mr. Gulmar Bergenstrom.

    One of the leaders of the Portuguese Confederation, Senhor Antonio Vasco de Melo, has warned that private enterprise in Portugal faces a battle for survival.

    Before a series of nationalisations this year by the ruling Armed Forces Movement, the Confederation represented 47,000 private firms, Senhor Vasco de Melo estimated that over half of them are now under state control.

    The Portuguese Communist party has attacked the holding of the congress as a reactionary manoeuvre.

    Meanwhile, on Friday (11 July), the Portuguese Socialist party, the country's largest, withdraw from the Provisional Government, according to a Party communique.

    The move followed the Socialists' rejection of a plan put forward by the ruling Armed Force Movement for turning Portugal into a workers' state.

    It came as the country's top military leaders addressed a mass rally staged in support of the plan.

    SYNOPSIS: In Lisbon, businessmen this week are meeting to discuss the gloomy future of private enterprise in Portugal. Representatives from industrial organisations in several countries attended the three-day Congress organised by the Confederation of Portuguese Industry. One of the Confederation leaders, Senhor Vasco de Melo, addressed the delegates. He warned private enterprise was facing a battle for survival. Following mass nationalisations in Portugal this year, more than half of the Confederation's members were now under state control, he said.

    Another of the speakers was Sweden's Gulmar Bergenstrom. He is the President of the International Employers' Organisation. The Portuguese Communist Party has attacked the congress, calling it a reactionary manoeuvre. Before the nationalisation in the spring by the ruling Armed Forces movement, the Confederation represented forty-seven thousand firms. This congress was a last attempt by Portuguese businessmen to present their suggestions to the Portuguese Government on how to handle the country's economic crisis.

  • Tags

  • Data

    Film ID:
    VLVADY8PE6ZA8V8RWYGOX5EDIRTCX
    Media URN:
    VLVADY8PE6ZA8V8RWYGOX5EDIRTCX
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    11/07/1975
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:00:50:00
    Time in/Out:
    /
    Canister:
    N/A

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