A long article by Jose Ribeiro e Castro, a senior constitutional lawyer, partner at the PMCM law firm and former leader of the People’s Party, and an MEP.
He argues that:
(1) the housing crisis is not the fault of the ARI,
(2) that the ARI scheme could be better managed to promote more positive outcomes,
(3) that ARI applicants are not corrupt money launderers as they are often portrayed, and if there is concern about that, then we should be equally concerned about capital transfers more generally, and
(4) that perhaps the government is caving in to EU pressure.
He concludes by proposing that the scheme be brought to an end sensibly, from the entry into force of the new law, and with existing applicants having their permits issued and renewed as originally intended.
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