Conservatives oust Socialists in crisis-hit Portugal

Conservatives oust Socialists in crisis-hit Portugal

Portugal's opposition conservatives scored a resounding victory Sunday in parliamentary elections overshadowed by the country's economic crisis, ousting caretaker Prime Minister Jose Socrates' Socialists.

The PSD had nearly 39 per cent of the vote against 28 per cent for the Socialists, with 99 per cent of the vote counted, dpa reported.

Socrates announced his resignation as Socialist Party leader, saying it was time for the party to start a "new cycle" and that he would only be a rank-and-file party activist from now on.

PSD leader Pedro Passos Coelho promised political stability and to restore the confidence of financial markets in the Portuguese economy.

The PSD can build an absolute majority if it joins forces with the conservative-nationalist CDS-PP, which had 11.7 per cent of the vote.

Observers say only a strong government will be able to fully apply the tough bailout conditions set by the European Union and the International Monetary Fund (IMF), which have agreed to grant Portugal 78 billion euros (112 billion dollars) in loans to help avert a financial collapse.

The fourth force in the elections was a coalition between the communists and greens, taking 7.9 per cent of the vote, followed by Left Bloc with about 5 per cent.

"We need courage to win enormous difficulties, (and) we also need some patience, because we know we cannot reach results in two days," Passos Coelho said in his victory speech.

He promised to "defend the welfare state" and to "better distribute riches in our country."

Thousands of PSD supporters celebrated, and cars hooted in the streets of Lisbon.

Passos Coelho had received a "clear mandate" to carry out the reforms that Portugal needed at "one of the most demanding times in its history," said European Commission President Jose Manuel Barroso, a former Portuguese prime minister.

There was concern over the low voter turnout of about 59 per cent, slightly less than in 2009 elections.

Local protests marked the elections, with residents blocking entrances to polling stations or boycotting the vote over problems such as closure of schools or lack of medical doctors in some places.

In Cabril north-east of Lisbon, protesters released bees at a polling station to protest a delay in repairing a local road.

Socrates resigned in March over Parliament's rejection of his fourth austerity package, prompting President Anibal Cavaco Silva to call elections two years ahead of schedule. Portugal's borrowing costs then rose to unsustainable levels, forcing the country to accept an EU-led financial rescue.

Passos Coelho has pledged to apply the EU-IMF bailout conditions and to maintain efforts to trim Portugal's 9.1-per-cent budget deficit.

Portugal's economy is expected to contract by 2 per cent in 2011 and in 2012, after growing by 1.4 per cent in 2010.

Unemployment has risen to a record 12.5 per cent, fuelling concern that the bailout will increase poverty in what is already Western Europe's poorest country.

Trade unions, far-left parties and citizens' movements have announced new protests against public spending cuts in the coming months.

Subscribe to Trend in Google News! Subscribe
President Sadyr Zhaparov signs decree on resignation of Cabinet
President Sadyr Zhaparov signs decree on resignation of Cabinet
Indian external affairs minister to visit Kyrgyzstan
Indian external affairs minister to visit Kyrgyzstan
Kazakhstan attaches great importance to dev't of co-op between Turkic countries - ministry
Kazakhstan attaches great importance to dev't of co-op between Turkic countries - ministry
Loading Bars
Azerbaijan looks to sign document on demining liberated territories with France
Azerbaijan's Air Defense Units carrying out combat firing exercises (VIDEO)
Azerbaijan's Karabakh to be famous for its "smart cities" and agricultural products - Turkish ambassador
Iran boosts exports to Russia
Russia registers over 1,000 coronavirus deaths in 24 hours first since pandemic starts
Kazakh energy minister names reasons for shutdown of Pavlodar refinery
Iran sees increase in trade turnover with EAEU member states
Representatives of diplomatic corps view restoration work in liberated territories of Azerbaijan (PHOTO)
First plane with UN humanitarian aid for Afghanistan arrives in Uzbekistan
Iran records increase in load/unload operations in Amirabad port
Georgia and US to discuss co-op in Black Sea
Fuzuli Airport Granted International Status and Assigned IATA Code
Uzbekistan to fund startups in various sectors
U.S. lawmaker blames Boeing leaders for culture that led to crashes
Turkmenistan to purchase agricultural machinery from foreign manufacturers
Iran Energy Exchange shares data on sales of Iran’s Jam Petrochemical Company
Azerbaijan names gymnasts to perform at World Championships in Japan
During former occupation of Sugovushan, Armenia deprived vast lands of water - aide to Azerbaijani president (PHOTO)
Volume of loaded and unloaded cargo in Iran’s Noshahr Port down
Georgia shares data on COVID-19 cases for October 16
Kazakhstan boosts trade with Turkmenistan over 8M2021
Exports of steel manufacturers in Iran increase
Georgia, EU, and Turkey enter into "diagonal cumulation" agreement
Azerbaijani sees increase in oil prices
Iran raises ceiling on housing loans
Uzbekistan’s FEZ creates good basis for deepening co-op with Azerbaijan
Turkmenistan’s private enterprise eyes building dry cargo vessel
Trade turnover between Russia, US may hit record this year, says Deputy PM Overchuk
Iran to launch several shipping lines to Russia, Kazakhstan
Iran looks to improve transportation of goods from Khuzestan Province
Russia’s Korona Pay eyes expanding money transfers via Azerbaijan's mobile banking apps
Gas prices in Europe to remain high over next 6 months
Iranian currency rates for October 16
Turkmenistan's electric potential rises after commissioning new capacious power plants
Iran to increase fuel production
UK MP killing was terrorist incident, Met Police say
Representatives of diplomatic corps in Azerbaijan begin visit to Sugovushan
Czech Republic eyes to support improvement of Georgian air transport infrastructure
1,900 more COVID-19 cases reported in Kazakhstan
Biden says those who refuse to testify in Jan 6 probe should be prosecuted
ISIS claims responsibility for mosque attack in Afghan city of Kandahar
Fully vaccinated foreign visitors can enter U.S. starting on Nov. 8
China's Shenzhou-13 crewed spaceship docks with space station module
UK records more than 40,000 COVID cases for third day in a row
Biden says Clinton will be released ‘shortly’ from California hospital
Amazon-owned Twitch says source code exposed in last week's data breach
Israel's annual inflation up 2.5 pct, highest in nearly decade
Africa's COVID-19 cases surpass 8.41 mln: Africa CDC
US shares specific data on cybercrime with Russia, awaits its actions, White House says
Saudi Arabia appoints Al-Rabiah as new Hajj minister
Chronicles of Victory: President Ilham Aliyev interviewed by Turkish A Haber TV channel on October 16, 2020 (PHOTO/VIDEO)
Chronicles of Victory: October 16, 2020
Czech PM Babis pledges smooth power handover to opposition
UK MP dies after being stabbed at constituency meeting
China’s Shenzhou-13 manned spacecraft successfully reach orbit
Four migrants dead, 21 missing off Spanish coast
FIA approves schedule for Azerbaijan Grand Prix in 2022
COVID-19 kills 197 more Iranians over past 24 hours
Georgian FM meets Slovenian counterpart
Armenia trying to prepare ground for new provocations against Azerbaijan by spreading fake information - MoD
Azerbaijani FM discusses mine threat in liberated territories with French CNEMA delegates (PHOTO)
Azerbaijan lifts flight restrictions for number of countries
Azerbaijani President signs law "On Independence Day"
EBRD to allocate loan to Turkmen beverage company
Azerbaijan records decline in fixed capital revenues for 9M2021
Turkmenistan, WB talk new areas of co-op
Uzbek-Korean JV announces tender to buy clarifier
Gasoline prices in Georgia increase
Money transfers to Azerbaijan via Golden Crown service grow for 9M2021
Iran looking to develop renewable energy - SATBA
Azerbaijani MoD discusses mine clearing in liberated territories with French delegation (PHOTO)
Iran eyeing increase in trade with Spain
Export-oriented local Georgian company to get benefits within USAID program
Saudi Arabia to ease coronavirus curbs from Oct. 17
Russia, Venezuela developing secured messenger — Rostec
Kazatomprom to look for new ways to bolster nuclear energy for peaceful purposes
Turkmenistan discloses area allotted for sowing winter barley in Dashoguz region
Agreement with Azerbaijan on additional gas supplies aimed at ensuring Turkey's gas reserves – Erdogan
First container train on its way to Azerbaijan's Karabakh (PHOTO/VIDEO)
Uzbekneftegaz receives gas flow from well at Khojikazgan field
Kazakhstan to exempt Caspian oil exports from customs duties
Kazakhstan unveils data on trade with other EAEU states
Volume of financial assets of non-financial corporations in Georgia increases
LUKOIL Uzbekistan to buy ceramic balls for catalysts via tender
Azerbaijan, as victorious country, is ready to normalize relations. We hope that Armenian leadership will not pass up on this historic opportunity - President Aliyev
U.S. administers 405.4 mln doses of COVID-19 vaccines
Кazakh national telecommunications operator opens tender to buy spares
Geostat shares data on revenues of Georgian enterprises for 2020
Azerbaijan shares data on number of vaccinated citizens
Netherlands’ FMO is open to new investments in Uzbek financial sector (Exclusive)
Azerbaijan confirms 1,850 more COVID-19 cases, 735 recoveries
Student of Baku Higher Oil School: ‘I am proud to bear the name of such a historical figure!’
French Renault begins production and commercial activities in Uzbekistan
NEQSOL Holding supports ADA University’s project to restore Gazakh Seminary (PHOTO)
Azerbaijan's agrarian agency discloses volume of issued subsidies in 9M2021
Money transfers to Georgia exceed investments
Russian peacekeepers - guarantors of peace in Karabakh - President Putin
Georgian air cargo transportation decreases
Azerbaijan ready to start talks with Armenia on delimitation of borders - President Ilham Aliyev
TAP helped in reducing European gas market volatility
All news