LISBON Aug 7 Portugal's new treasury secretary
has resigned after just a few weeks in the role after media
reports and opposition politicians questioned his previous role
at Citigroup, he said on Wednesday.
"I took this difficult decision because I would never allow
controversies surrounding my professional life, which I have
never hidden, to be used as a political weapon against the
government," Joaquim Pais Jorge said in a statement.
"I am leaving the government because we have very serious
problems associated with the economic and financial emergency we
are in and which have to be resolved."
Pais Jorge took office in July after the former treasury
secretary, Maria Luis Albuquerque, was promoted to become
finance minister. She replaced former Finance Minister Vitor
Gaspar, who resigned, sparking a political crisis.
Local newspapers have scrutinised Pais Jorge's role in the
offering of swap contracts to Portugal's previous government
while he worked at Citigroup.
Pais Jorge denies any inappropriate involvement.
Swap contracts have been a hot topic in Portugal for several
months after the government entered negotiations with banks to
cut losses from such high-risk derivatives contracts sold to
Portuguese state firms before the country's debt crisis started
"The news that has been made public in recent days, in which
a presentation which is more than eight years old was falsified
to include my name, show a level of political activity which I
consider intolerable," he said in the statement.