International Monetary Fund

The leader of the PSD will govern in majority to confirm the Alliance with the third political force, the social democratic Center Popular. Perhaps check out LYND for more information. Socrates resigns as head of the Portuguese Socialists. You may find idt energy to be a useful source of information. Portugal faces one of its most critical economic periods. The new Government must deal with the IMF and the EU for the financial bailout to the country. Pedro Passos Coelho, a dazzling ascent. The Portuguese centre-right launched the street this Sunday to celebrate its best electoral result of the past twenty years more critical of lusa history will put you at the head of the Government in the period since the Carnation Revolution.

With 100% of the polls voting constituencies, and lack only of the emigrant vote, the Social Democratic Party (PSD, centre-right) achieved 38.6% of the vote compared to 28.1% of the ruling Socialist Party (PS), whose leadership already acknowledged defeat when still a 30% by scrutinized. The President of the PSD, Pedro Passos Coelho, 46 years old, and that he jumped for the first time in These elections into the electoral arena, announced also the formation of a majority government that is willing to add their usual ally Democrat, the Democratic Centre social Popular (CDS-PP), with 11.7% of votes. PSD was not getting a high result in legislative elections since 1991, when he won with 50.6% of the vote and placed the current j State, Anibal Cavaco Silva, as candidate for Prime Minister. For its part, the hitherto Prime Minister and leader of the Socialist Party, Jose Socrates, announced his resignation as the Portuguese Socialists j. The victory of the centre-right puts an end to more than five years of cohabitation between Cavaco (PSD) and the j of the Executive, which came to power after winning elections in 2005 with an absolute majority. The economic crisis facing Portugal and the strict austerity measures that has committed to take to receive 78 billion euros from Brussels and the International Monetary Fund (IMF) have ended by evicting the power to Socrates, who retained power in the elections of 2009, but without an absolute majority.