Portugal near political crisis over debt

Author (Person)
Series Title
Series Details 5.2.10
Publication Date 05/02/2010
Content Type

Portugal moved towards a political crisis on the 4 February 2010 as its finance minister appealed to opposition parties not to defeat the minority Socialist government over a regional finance bill that he said would undermine the country’s international credibility.

However, on the 5 February 2010 the opposition parties pushed through the bill.

Portuguese Finance Minister Fernando Teixeira dos Santos said the passing of the regional finance bill sent a bad signal, and said he would try to stop it being implemented.

Related Links
BBC News, 5.2.10: New finance bill squeezes Portugal budget http://news.bbc.co.uk/1/hi/world/europe/8501117.stm
ESO: Background information: Lisbon hit by investors after Greece discloses plans http://www.europeansources.info/record/lisbon-hit-by-investors-after-greece-discloses-plans/

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