Tag Archives: 'Passos Coelho'
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.
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.
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”
Pedro Passos Coelho said he will not quit and is willing to negotiate the “pact of national salvation” put forward by the Portuguese President. But the leader of the main opposition PS party is demanding a renegotiation of the bailout.
The President’s solution for Portugal’s political crisis could open up a can of worms and create a worse crisis. No one could have imagined that Aníbal Cavaco Silva would throw out the coalition deal brokered on Saturday.
Cavaco Silva is expected to announce names in Government reshuffle ending days of speculation. The president is to address the country at 8.30pm
President Aníbal Cavaco Silva is to start talks on Monday with the political parties that have seats in parliament having basically three options: accept the government proposal, call snap elections or ask the coalition for another proposal.
The president had been expected to start meetings with representatives of parliamentary parties on Friday but the meetings have been scheduled for Monday afternoon. Cavaco Silva insists that the leader of the minority coalition CDS-PP partner must stay in the Government.