Portugal: PM resigns after austerity vote failure

posted by
March 27, 2011
Posted in News

"Portuguese Prime Minister Jose Socrates resigned Wednesday in a televised speech to his debt-ridden nation after parliament rejected his government's austerity plan intended to ease the financial crisis. Opposition parties combined to vote down the plan, which they viewed as hurting Portugal's poor, that had been formulated without broad consensus. Socrates, a Socialist, had threatened to resign if the plan failed." (03/27/11)


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