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Portugal gets bailout as Sócrates eyes reelection

José Sócrates: down, but not out?

When Portuguese Prime Minister José Sócrates resigned in March after his debt-reducing austerity plan was thrown out of the Lisbon parliament many people thought it would be the end of the once popular leftist leader. They may have been wrong.

May 4th, 2011 | Posted in Business, Portugal News | Read More »

Bailout beckons as Portugal’s Sócrates resigns

José Sócrates failed to convince other political parties of the need for further cuts.

Portugal moves a step closer to a Greek-style crisis as the Socialist prime minister steps down after an unsuccessful congressional vote on measures to cut the deficit.

March 24th, 2011 | Posted in Politics, Portugal News | Read More »

Portugal’s debt: a tale of pride and prejudice

Portuguese Prime Minister José Sócrates still has plenty to ponder. Photo: José Goulao.

Portuguese officials continue to insist they can keep the threat of a bailout at bay with their current austerity push. However, that does not mean the markets will be convinced.

February 24th, 2011 | Posted in Business, Portugal News | Read More »

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