Tag Archives: 'troika'
John Berrigan is the new troika mission chief for Portugal. The International Monetary Fund (IMF) also said it was replacing Abebe Selassie with Subir Lall.
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.
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 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.
The three main Portuguese parties, the PSD, PS and CDS-PP, are still negotiating but there are disagreements over the huge €4.7bn cuts that have to be made in State spending, with voices of dissent even from amongst government officials and the Government’s majority coalition party PSD, putting next year’s budget at stake.
Paulo Portas emphasises job creation and helping businesses as solid agreement secured .
The eight review of the Portuguese adjustment programme is awaiting the president’s decision on the agreement recently approved by the coalition parties PSD and CDS-PP.
The CGTP on Tuesday night scheduled a demonstration for 3pm on Saturday to demand early elections and various anti-austerity campaign groups have added their voices.