The fragile coalition between Paulo Portas (left) and Prime Minister Pedro Passos Coelho is at risk (photot:dpa)

Portugal’s financial sacrifices at risk as political crisis deepens

Two years of tough austerity measures in Portugal could be wasted unless a compromise is found to shore up the government. Staged payments of the latest 78 billion euros international bailout is at risk after two key ministers resigned from the coalition government. Now the president, Anibal Cavaco Silva, and the political parties have to find a way out of the dilemma.

<i>Two ministers resigned from Portugal’s coalition government in July 2013, plunging the country into another deep political crisis with serious economic and financial consequences. Portugal's creditors were worried, European stock markets shaken and the government’s survival threatened. A political compromise wi...

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Many hoped the current centre-right coalition government could provide a true, real and long-term reconstruction for Portugal after decades of economic mismanagement across all political spectrums
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