Tag Archives: 'government'
Pedro Passos Coelho backs his Minister of Finance Maria Luís Albuquerque despite an ongoing furore over how much she may have known about swap financial transactions at state companies.
President Aníbal Cavaco Silva will swear in the new secretaries of state on Friday who are the last names to be announced following the midweek government reshuffle.
In a letter sent to companies, the recently appointed deputy prime Minister says that he will take on the coordination of economic policy and that the internationalisation of the Portuguese economy “is being strengthened with foreign policy priorities aimed at pushing Portugal’s companies and products overseas”.
Paulo Portas (conservative CDS) increases his power in a Government reshuffle but Passos Coelho (centre-right PSD) has him on a tighter political leash. It remains to be seen if the pieces of the coalition can be stuck together again.
The junior coalition CDS-PP party has increased its power in the Government as its leader Paulo Portas becomes deputy Prime Minister and the new minister of Economy is a businessman close to Portas. The new members take office late on Wednesday.
The Portuguese Government has the ability to “go in the right direction” says the US Ambassador to Lisbon, Ambassador Allan Katz, recognising that many economic problems can not just be solved in Portugal, since they are part and parcel of a European problem.
After three weeks of political crisis, the President has done a U-turn and accepted Coalition changes after Cavaco Silva had not succeeded in getting an agreement from the three parties. The PSD-CDS coalition continues.
The main opposition party, the Socialists, voted for the motion despite continuing to take part in talks with the coalition parties. The Prime Minister Pedro Passos Coelho said the government maintains its “strength and cohesion”
A group of leading business figures have drafted a manifesto appealing to the three largest parties in Portugal’s parliament to reach an understanding, acknowledging the “suffering” caused by austerity measures adopted by the right-of-centre coalition government.