InfoAnda - Portuguese center-right beats Socialists in vote |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Pakistan say Swat's main town under control | 31 May 2009
Georgia imposes restrictions on public protests | | 2 July 2011
India's Reliance Industries Q3 profit down nearly 10 pct | 23 January 2009

Afghan chopper crash kills 3 Aussies, 1 American | 22 June 2010

Forum Views () Forum Replies ()

Read more with google mobile : Portuguese center-right beats Socialists in vote |

Edition: U.S. Article Comments (0) Slideshow Video Full Focus Photos of the week Our top photos from the past week. Full Article Follow Reuters Facebook Twitter RSS YouTube Read China paper warns Google may pay price for hacking claims 2:42am EDT Obama Fed pick withdraws, slams partisan politics 2:10am EDT D-Day veterans recall World War Two turning point 05 Jun 2011 Apple's Jobs to take the stage as iCloud hype grows 05 Jun 2011 Greece to start austerity drive as nation seethes 05 Jun 2011 Discussed 78 150 economists back U.S. Republicans in debt fight 64 ”The world is getting warmer”: Romney 63 Moody’s sounds alarm over U.S. debt limit and deficits Watched Latvian blondes prove they have more fun Thu, Jun 2 2011 Transsexual model takes Rio Fri, Jun 3 2011 Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 Portuguese center-right beats Socialists in vote Tweet Share this Email Print Related News Greece to impose deeper austerity for new rescue Thu, Jun 2 2011 Portugal votes under bailout cloud, centre-right ahead Thu, Jun 2 2011 Greece nears IMF/EU deal and dismisses drachma talk Wed, Jun 1 2011 Greece moves on austerity deal, opposition wants more Tue, May 31 2011 Greek opposition sets demands as EU/IMF verdict nears Mon, May 30 2011 Analysis & Opinion Party wins big in Vietnam, but with a few twists African ministers converge on Lisbon to discuss the North Related Topics World » Portugal » Related Video Portugal's Socialists out Sun, Jun 5 2011 1 / 9 Portugal's Socialist Party candidate and caretaker Prime Minister Jose Socrates reacts during the general election in Lisbon June 5, 2011. Socrates resigned as head of the Socialist Party on Sunday after it lost a general election to the centre-right Social Democrats. Credit: Reuters/Hugo Correia By Shrikesh Laxmidas and Sergio Goncalves LISBON | Mon Jun 6, 2011 1:54am EDT LISBON (Reuters) - Portugal's center-right Social Democrats (PSD) scored a convincing win over the Socialists in an election on Sunday, punishing the outgoing government for a 78 billion euro bailout that will bring deep austerity. The election should end months of political uncertainty that began with the collapse of the Socialist government in March and led Lisbon to become the third country in the euro zone to seek a bailout after Greece and Ireland. Results showed the PSD won 105 seats, or 39 percent of the vote, while the rightist CDS party obtained 24, allowing the two traditional government allies to have a strong majority in the 230-seat parliament. The Socialists won 73 seats, 24 less than in the last election. "I will direct all my efforts as rapidly as possible to guarantee the country and the Portuguese will have a majority government led by the PSD that will give stability for the next four years," Passos Coelho told his party after the election. CDS leader Paulo Portas said he was ready to rule together with the Social Democrats, allowing the incoming government to implement the austerity measures agreed with the European Union and the IMF as part of the rescue package. "The country has shown unequivocal will to open a window of confidence and hope for the future," said Passos Coelho. The election result showed that many Portuguese blamed the Socialists, in power for six years, for the country's economic crisis. "It's a win that shows a big red card for Jose Socrates, who has left this country on its knees," said Julio Peixoto, 43, carrying a giant PSD flag outside the party's election campaign headquarters in Lisbon. Socrates, who resigned as prime minister in March after his government failed to pass the austerity measures but stayed on in a caretaker capacity, said he was responsible for the defeat and quit as Socialist party head. PSD TO HONOR BAILOUT TERMS Passos Coelho said his government is fully committed to the terms of the bailout from the European Union and IMF. He said he wanted Portugal "to win back confidence of markets which is essential for the country itself to recover." A center-right government will be welcomed by investors, who have lost faith in Portugal's assets in the past few months, dumping its bonds and pushing borrowing rates to euro-era highs. "This result will be seen as positive by markets and investors," said Filipe Garcia, head of Informacao de Mercados Financeiros consultants in Porto. "It allows for stable government that can last the full mandate and that is positive." Socrates' minority government collapsed halfway through its term, weighed down by its inability to pass legislation in parliament as the sovereign debt crisis worsened. "This big win will avoid a political impasse, which is what led Socrates' government to fall -- it was unable to pass important legislation," said Garcia. A center-right coalition government should be able quickly to enact reforms and austerity measures included in the bailout, such as sweeping tax rises and deep spending cuts, to reduce Portugal's large deficit and debt. Still, Portugal faces its highest level of unemployment in three decades and the economy is expected to contract two percent both this year and next, presenting the new government with tough challenges as disposable incomes fall and austerity takes its toll. So far there have been few strikes or protests against austerity measures in Portugal, unlike Greece and neighboring Spain, but analysts say that could change as the recession deepens. (Additional reporting by Andrei Khalip, Daniel Alvarenga, Catherine Macdonald and Miguel Pereira; Writing by Axel Bugge; editing by Angus MacSwan) World Portugal Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 6 June 2011
Thirteen Syrian protesters killed attempting to cross into Israel
Cloud of soot darkens sky in Chile, Argentina following Puyehue eruption
Yemen’s Saleh in Saudi Arabia for wound treatment, Yemenis rejoice
Arizona wildfire burns 250,000 acres
Alex Noren's steady day captures title at Wales Open
Sixth sense: Rafael Nadal continues mastery of Federer on clay, wins French title
One killed in Kenya blast, over 30 injured |
Greek austerity plan draws 80,000 to Athens square |
Late night star: Ty Dillon wins Chicago ARCA race
Matt Kemp continues tear with 16th homer; Dodgers lead Reds 4-1
Macedonia ruling VMRO-DPMNE claims election victory |
Death toll from Tunisian clashes reaches 11 |
Bomb attacks kill 24 in north-west Pakistan |
Apple's Jobs to take the stage as iCloud hype grows |
Hackers attack Nintendo's servers in United States |
Yemen's Saleh comes out of surgery, future unclear |
Israeli forces kill 18 protesters: Syrian TV |
Leftist Humala declares victory in Peru election |
Portuguese center-right beats Socialists in vote |
NBA Finals: Wade's 29, Bosh's go-ahead bucket help Heat survive Mavs' late charge
Britain says rebels must plan for post-Gaddafi Libya |
Shin-Soo Choo says DUI charge hurting his play
Socialists face humiliating defeat in Portugal’s elections
China paper warns Google may pay price for hacking claims |
Ex-Dodgers greats may look into purchasing team;
U.S. missile strike kills 14 militants in Pakistan: sources |
Bob Gilder glides under radar, gets victory at Principal Charity Classic
Pope Benedict XVI celebrates Mass before thousands of supporters in Croatia
Bahrain police clash with Shi'ite religious marchers |
Pakistan foils President Asif Ali Zardari assassination plot
Greece sells historic ports
Bean sprouts grown in Hamburg nursery may have caused E. coli outbreak
Steve Stricker starts strong, survives rain delay to win Memorial Tournament
China paper warns Google may pay price for hacking claims |
Twilight sequel shines brightest at MTV awards |
Syrian forces' death toll in clashes rises to 40: State TV |
E.coli food probe targets German bean sprouts |
Cubs pitcher Zambrano rips club after another loss to the Cardinals
U.S. missile strikes kill 17 militants in Pakistan |
Piers Morgan expecting first child with wife Celia Walden
Steve Wheatcroft shatters Nationwide Tour marks with impressive victory
Turkey's leaders livid over Economist article |
Augusta State University repeats at NCAA golf champions
"Twilight" star Nikki Reed gets engaged to "American Idol" finalist Paul McDonald
Ban Ki-moon asks U.N. council to remain as chief |
"Twilight" wins big at this year's MTV Movie Awards
Atom watchdog chides bombing of Syrian site in '07 |
Sports Illustrated Swimsuit Model Jessica White Promotes Mercy at a Charity Dinner
Land mines add to security worries in south Sudan
Palestinian Statehood Drive Fraught With Obstacles
Family of missing CA nursing student want FBI to lead search
Analysis: Soaring IPOs raise specter of new bubble |
Apple's Jobs to take the stage as iCloud hype grows |
Stigma puts many firms off reporting cyber attacks |
Sina plans U.S. launch of Weibo as Twitter rival: TechWeb |
New theater app puts Broadway on the go |
SuVolta licenses new chip technology to Fujitsu |
Mega Brands extends toy making contract with Microsoft |
Cowell still in talks over U.S. X Factor judges |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01