Tag Archives: 'Vitor Gaspar'
Cavaco Silva is expected to announce names in Government reshuffle ending days of speculation. The president is to address the country at 8.30pm
The conversations between the prime minister and leader of the PSD and the leader of the junior coalition party CDS-PP are to continue in an atmosphere that a government source described as “very positive”.
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.
President Anibal Cavaco Silva is to receive the prime minister on Thursday, following the resignation of Foreign Minister Paulo Portas and then the parties with seats in parliament. On Wednesday there is to be a meeting of Portas’ party CDS-PP which is the junior coalition party.
On resigning, the ex-finance minister released a searing letter sent to Passos Coelho, in which he slammed the lack of support to complete the negotiations in May with the troika.
Tuesday, 2 July: “Maintain the same firm and constant path” is the advice from European Commissioner for Economic Affairs, Olli Rehn to new Portuguese finance minister, Maria Luís Albuquerque who takes over from Vítor Gaspar after his resignation on Monday.
The minister who was closest to the troika of international creditors leaves the Government and says the cabinet will gain cohesion.
The government will continue to issue T-bills “in the usual form” to guarantee that the conditions to return to the markets in the post-troika period are met. On the way to meeting the budgetary targets, the government released data that show an increase in tax receipts in May.
“The programme has already ensured a broad reaching budgetary structural readjustment and the programme ensured a return to the financial markets far earlier than foreseen,” said Vítor Gaspar.
The first alterations to the 2013 budget include a revision of the ceilings for expenses following the Constitutional Court’s rejection of cuts in workers’ subsidies.