| Author (Person) | Wise, Peter |
|---|---|
| Series Title | Financial Times |
| Series Details | 16.3.11 |
| Publication Date | 16/03/2011 |
| Content Type | News |
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Plans by Portugal’s opposition parties to reject new government austerity measures in March 2011 would result in a political crisis and increase the likelihood of an international bail-out, the prime minister warned in a tv broadcast on the 14 March 2011. The austerity measures had been endorsed by the European Commission and the European Central Bank, but the minority Socialist government needed the backing of the Social democrats(PSD) to see them through parliament. A government defeat in a vote on the package would almost certainly lead to Mr Sócrates’ resignation and a snap general election two years ahead of schedule. |
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| Countries / Regions | Portugal |
