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Edition: U.S. Article Comments (0) Full Focus Photos of the week Our top photos from the past week. Full Article Follow Reuters Facebook Twitter RSS YouTube Read Key al Qaeda man killed in Pakistan by U.S. drone 11:04am EDT "The world is getting warmer": Romney 03 Jun 2011 Key al Qaeda operative killed in U.S. drone strike in Pakistan 7:09am EDT Girl falls to death from New Jersey Ferris wheel 03 Jun 2011 UPDATE 2-Italy to bring forward deficit-cutting decree-sources 23 May 2011 Discussed 75 150 economists back U.S. Republicans in debt fight 59 Moody’s sounds alarm over U.S. debt limit and deficits 46 Romney charges that Obama has ”failed America” Watched Scientists revive ancient spider in stunning 3D detail Tue, May 24 2011 Blake Lively denies naked photos, Gaga's album goes number one Thu, Jun 2 2011 Wanted: jobs for college grads Fri, Jun 3 2011 Portugal vote winner to face daunting job under bailout Tweet Share this Email Print Related News Greece likely to get aid tranche Fri, Jun 3 2011 Greece to impose deeper austerity for new rescue Thu, Jun 2 2011 Portugal votes under bailout cloud, centre-right ahead Thu, Jun 2 2011 SCENARIOS-How could Portugal election affect bailout? Thu, Jun 2 2011 Portugal PM candidate Passos: manager and novice Thu, Jun 2 2011 Analysis & Opinion Should the U.S. Treasury sell annuities? What are China’s next steps? Related Topics World » Portugal's Socialist candidate and caretaker Prime Minister Jose Socrates is welcomed by supporters during his last electoral campaign rally in Lisbon June 3, 2011. Credit: Reuters/Jose Manuel Ribeiro By Shrikesh Laxmidas LISBON | Sat Jun 4, 2011 7:27am EDT LISBON (Reuters) - Portugal's Social Democrats are favorites to win a general election on Sunday, but celebrations could be short as they face the urgent task of forming a coalition government to enact a demanding bailout plan. Polls suggest the center-right Social Democrats (PSD) will win the vote but not a full majority. They will have to team up with the rightist CDS-PP to form a coalition and implement the measures set by a 78-billion-euro ($112.5 billion) bailout agreed with the European Union and the International Monetary Fund last month. Socialist Prime Minister Jose Socrates, who has been in power since 2005, appears headed for a humbling defeat following his resignation in March and subsequent request for a bailout which he had resisted for several months. A tough fighter, Socrates blamed the opposition for triggering the bailout request by blocking his party's austerity package, but voters seem to have tired of his excuses for the dire state of the economy and his handling of the debt crisis. "Socrates has to take most of the blame for the situation we are in. He simply did not react quickly enough," Nuno Almeida, 34, an office worker in Lisbon, said. With the three-year bailout imposing additional steep spending cuts, tax rises and cutbacks on workers' rights, PSD leader Pedro Passos Coelho is expected to have very little time to settle into the job of prime minister. "I doubt the next government will last for the whole four-year mandate. Workers are going through a tough phase, and the government will have room to maneuver, but it will always have to act within the harsh terms of the agreement," Anibal Ribeiro, 52, a bank clerk from Guarda, said. The new government will have to combat joblessness -- which at 12.4 percent is the highest on record -- and rising social discontent with the economy expected to contract by 2 percent this year and again in 2012. If he wins, Passos Coelho also will have to manage the cabinet relationship with CDS-PP's show-stealing leader Paulo Portas and possibly negotiate with the defeated Socialists to obtain broad support on critical austerity measures. Opinion polls show, however, that the race is still tight enough for Socrates to produce a surprise win, though without a full majority. That would worry markets, which believe Portugal needs a government with a strong mandate to ensure it can pass the bailout measures in parliament. (Additional reporting by Daniel Alvarenga; editing by Axel Bugge and Michael Roddy) World 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. 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