Tag Archives: 'prime minister'
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.
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.
The General-Secretary of the centre-left PS party is maintaining his silence in order not to wreck negotiations underway with the PSD and CDS.
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.
Cavaco Silva held separate meetings with the leaders of the opposition Socialist Party and of the CDS-PP, the junior partner in the governing coalition, and with the prime minister to seek an agreement for “national salvation”.
Portuguese President Aníbal Cavaco Silva has called on the political parties which signed the €78bn bailout agreement with the ‘troika’ of international lenders in 2011 to form a national salvation commitment, refusing to call snap elections.
After Wednesday night’s meeting, the prime minister and the resigning leader of the minority coalition party will meet again on Thursday morning before Passos Coelho meets the Portuguese President.
Portugal’s government will fall, even if it limps on for a few days or weeks. The country is rushing towards the edge of the cliff and an abyss. The main members of the Government have chucked all the hard-fought successes of the last two years into the rubbish bin at the cost of the people’s suffering.