Portugal's centre-right PSD party defeated the Socialist PS government by 38.6% to 28.1% at the general election on 5 June, the lowest result for the Socialist party in 20 years.
By Pat Harrington – Portugal hast just become the third Eurozone country to get a bailout. They have just been given a huge 78 billion Euros. Last May the EU and the IMF stepped in with a bailout for Greece of 110 billion Euros. In November that same year, Ireland got a bailout of 85 billion Euros.
The meeting of Eurozone Finance Ministers trying desperately to save the Euro went ahead in Brussels on Monday despite the enforced absence of the representative of International Finance.
The proposed British share of the International Monetary Fund’s (IMF) bailout of Greece has risen to nearly £2 billion, despite Britain being buried in debt due to decades of Tory and Labour mismanagement.