Government in Portugal

  • Portugal’s outgoing PM Coelho asked to form minority government

    PORTUGAL, 2015/10/23 Portugal’s president invited the center-right coalition government of the completed four years to return to power Thursday next it won a general election, even though it will be outnumbered in Parliament by opponents who vow to force it out within days. The coalition won the Oct. 4 ballot with 38.4 % of votes and will policy as a minority government, with Pedro Passos Coelho expected to continue as prime minister. But an unprecedented alliance of left-of-center parties, led by the moderate Socialists and inclunding the Communist Party and radical Left Bloc, has 122 seats in the 230-seat Parliament. The alliance says it will use that majority to quickly bring down the government and take power itself. The political environment in Portugal has introduced a note of uncertainty into the 19-country eurozone that could rattle investors only recently settled next Greece’s radical Syriza rang alarm bells. The issue is whether governments in the bloc are in a position to enact deficit-reduction policies analysts say are needed to replace their financial health.

  • The 7th Portuguese-language Business Conference

    ANGOLA, 2013/04/23 The 7th Portuguese-language Business Conference is due to be held Monday and Tuesday in Belo Horizonte, Brazil, and to be attended by 1,200 businesspeople and representatives of the eight member states of the Community of Portuguese-speaking Nations (CPLP).

  • Portugal is one of 10 countries with greater risks of fiscal consolidation

    PORTUGAL, 2013/04/22 Portugal is part the group of 10 nations with risks of fiscal consolidation, given that public deficit has surpassed 90 % of gross domestic product (GDP) and continues to rise, indicates a statement from the International Monetary Fund (IMF). The “Fiscal Monitor” statement released this week by the IMF adds that Portugal should continue to maintain budget deficits above 1 % of GDP due to the interest on public deficit that it will have to pay during this period.

  • The Portuguese government to reduce its public deficit

    PORTUGAL, 2013/03/17 The Portuguese government has announced it will have additional time to reduce its public deficit to levels accepted under European Union rules. International lenders are willing to pay out the next tranche in bailout funds.
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