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Tags: EU | Portugal | Politics

Portugal Waits as Politicians Try to Build a Government

Portugal Waits as Politicians Try to Build a Government

Wednesday, 07 October 2015 09:25 AM EDT

LISBON, Portugal (AP) — Days of hard political bargaining are expected in Portugal as party leaders negotiate compromises to find a stable government following a general election that produced no clear winner.

The previous center-right coalition government collected most votes in Sunday's ballot despite enacting austerity policies, but it lost its outright majority in Parliament where it can be out-voted by left-of-center lawmakers who want to ease or scrap austerity.

With eurozone member Portugal still recovering from a 78 billion-euro ($88 billion) bailout in 2011, the political gridlock could make markets jumpy about the 19-nation bloc's finances again.

Pedro Passos Coelho, Portugal's prime minister for the past four years, said Wednesday he has asked to meet with the leader of the country's main center-left Socialist Party in an effort to build a solid government.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
Days of hard political bargaining are expected in Portugal as party leaders negotiate compromises to find a stable government following a general election that produced no clear winner.The previous center-right coalition government collected most votes in Sunday's ballot...
EU,Portugal,Politics
133
2015-25-07
Wednesday, 07 October 2015 09:25 AM
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