×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Portugal | minister | coalition | pact

Portugal Prime Minister Outlines Coalition-saving Pact

Sunday, 07 July 2013 10:14 AM

Portugal's prime minister says he has appointed his coalition partner Paulo Portas as his deputy.

Pedro Passos Coelho says the appointment of Portas, who resigned as country's foreign minister last week, patches-up a political rift that had caused turmoil on financial markets.

The deal is still to be approved by President Anibal Cavaco Silva.

Portas' resignation precipitated a crisis that rocked European markets as the government teetered on the verge of collapse in a dispute over austerity measures.

Passos Coelho said late Saturday that Portas was given "responsibility to coordinate economic policies." Portugal received a 78 billion euro ($102 billion) sovereign bailout in 2011.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


FinanceNews
Portugal's prime minister says he has appointed his coalition partner Paulo Portas as his deputy.Pedro Passos Coelho says the appointment of Portas, who resigned as country's foreign minister last week, patches up a political rift that had caused turmoil on financial markets.
Portugal,minister,coalition,pact
104
2013-14-07
Sunday, 07 July 2013 10:14 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved