"Suspense for two days as Sócrates finishes new PEC [austerity plan] ", headlines Público, as the Portuguese parliament prepares to debate the Prime Minister’s series of harsh budget measures green-lighted at the Brussels summit of 11 March. Until Wednesday 23 March, when the vote is to take place, Jose Sócrates will meet social partners and main opposition figures, who are threatening to scupper his austerity plans. The Lisbon daily recalls that Sócrates has promised to resign and call a snap election if PEC is rejected. It notes that as outgoing PM he would nevertheless be present at the European summit of 24/25 March summit to discuss modifications to the European Financial Stabilisation Fund. This could be a bitter sweet week for Sócrates, notes Público: on March 26 he stands to be re-elected Portuguese Socialist Party (PS) leader for another two years, a post he has occupied since 2004.
Was this article useful? If so we are delighted! It is freely available because we believe that the right to free and independent information is essential for democracy. But this right is not guaranteed forever, and independence comes at a cost. We need your support in order to continue publishing independent, multilingual news for all Europeans. Discover our membership offers and their exclusive benefits and become a member of our community now!