The Fort Worth Press - Socialist reign at stake in Portugal election

USD -
AED 3.672505
AFN 63.999751
ALL 81.129122
AMD 372.808878
ANG 1.789884
AOA 917.999676
ARS 1358.494305
AUD 1.394097
AWG 1.797375
AZN 1.697068
BAM 1.659398
BBD 2.013032
BDT 122.881518
BGN 1.668102
BHD 0.37724
BIF 2971.695712
BMD 1
BND 1.271323
BOB 6.906382
BRL 4.989198
BSD 0.999474
BTN 93.256068
BWP 13.409807
BYN 2.845446
BYR 19600
BZD 2.010156
CAD 1.372745
CDF 2305.000083
CHF 0.783405
CLF 0.022484
CLP 884.890326
CNY 6.81825
CNH 6.82232
COP 3618.47
CRC 457.653866
CUC 1
CUP 26.5
CVE 93.554723
CZK 20.667973
DJF 177.979332
DKK 6.34303
DOP 59.84117
DZD 132.118322
EGP 51.834502
ERN 15
ETB 156.058102
EUR 0.848802
FJD 2.2154
FKP 0.736978
GBP 0.73845
GEL 2.689777
GGP 0.736978
GHS 11.018819
GIP 0.736978
GMD 74.000133
GNF 8768.76673
GTQ 7.643685
GYD 209.117442
HKD 7.82517
HNL 26.551391
HRK 6.395899
HTG 130.822487
HUF 309.415062
IDR 17140.85
ILS 2.99305
IMP 0.736978
INR 93.25065
IQD 1309.327858
IRR 1316125.00001
ISK 122.210025
JEP 0.736978
JMD 157.828647
JOD 0.709008
JPY 158.9825
KES 129.210564
KGS 87.450282
KHR 4007.245793
KMF 418.000166
KPW 900.009772
KRW 1476.574996
KWD 0.30846
KYD 0.832927
KZT 471.426208
LAK 22051.212435
LBP 89501.959919
LKR 315.682748
LRD 183.901512
LSL 16.391442
LTL 2.95274
LVL 0.60489
LYD 6.321827
MAD 9.235925
MDL 17.081065
MGA 4149.768373
MKD 52.306465
MMK 2100.36648
MNT 3591.239924
MOP 8.05688
MRU 39.798407
MUR 46.210322
MVR 15.450036
MWK 1733.043729
MXN 17.26905
MYR 3.953973
MZN 63.955013
NAD 16.391373
NGN 1342.170187
NIO 36.780302
NOK 9.377701
NPR 149.209245
NZD 1.696365
OMR 0.38449
PAB 0.999474
PEN 3.438683
PGK 4.331355
PHP 59.971495
PKR 278.725374
PLN 3.600705
PYG 6371.010164
QAR 3.643722
RON 4.323104
RSD 99.611973
RUB 76.199336
RWF 1463.751946
SAR 3.75132
SBD 8.048583
SCR 13.670658
SDG 601.000168
SEK 9.16968
SGD 1.271805
SHP 0.746601
SLE 24.649852
SLL 20969.496166
SOS 571.178884
SRD 37.425022
STD 20697.981008
STN 20.787022
SVC 8.74501
SYP 110.527167
SZL 16.387809
THB 31.982027
TJS 9.47994
TMT 3.505
TND 2.902377
TOP 2.40776
TRY 44.764696
TTD 6.789296
TWD 31.586502
TZS 2614.999676
UAH 43.67007
UGX 3693.302337
UYU 39.894283
UZS 12158.338389
VES 477.98287
VND 26333.5
VUV 118.468315
WST 2.71595
XAF 556.549
XAG 0.01258
XAU 0.000208
XCD 2.70255
XCG 1.801267
XDR 0.690967
XOF 556.541917
XPF 101.186133
YER 238.599955
ZAR 16.38415
ZMK 9001.204905
ZMW 19.114727
ZWL 321.999592
  • CMSC

    -0.0100

    22.7

    -0.04%

  • NGG

    -0.8000

    87.06

    -0.92%

  • GSK

    -0.5100

    57.3

    -0.89%

  • BP

    1.1250

    47.245

    +2.38%

  • AZN

    -0.4500

    200.76

    -0.22%

  • BTI

    -0.4200

    56.26

    -0.75%

  • RELX

    0.9400

    36.62

    +2.57%

  • RIO

    1.1000

    99.66

    +1.1%

  • RBGPF

    -13.5000

    69

    -19.57%

  • BCE

    0.2750

    24.095

    +1.14%

  • RYCEF

    -0.8000

    16.8

    -4.76%

  • BCC

    0.3650

    79.275

    +0.46%

  • JRI

    0.0100

    12.89

    +0.08%

  • VOD

    -0.0050

    15.585

    -0.03%

  • CMSD

    -0.0400

    22.99

    -0.17%

Socialist reign at stake in Portugal election
Socialist reign at stake in Portugal election

Socialist reign at stake in Portugal election

Portugal voted Sunday in a close-fought election, with no party expected to garner a majority in parliament in a fragmented political landscape that could see the far right make huge gains.

Text size:

Socialist Prime Minister Antonio Costa is fighting for his political life after a late surge by the centre-right opposition PSD party clawed away his side's once comfortable poll lead.

The two parties are in a statistical tie according to final surveys.

The prospect of another weak minority government comes as Portugal is trying to boost its tourism-dependent economy which has been badly hit by the coronavirus pandemic.

A stable government is needed for Portugal to make the most of a 16.6-billion-euro ($18.7 billion) package of EU recovery funds it is due to receive by 2026.

"Portugal needs stability after these two difficult years of fighting against the pandemic," Costa, in office since 2015, told a final rally in second-city Porto on Friday.

Sunday's snap polls were called after two far-left parties that had propped up Costa's minority government sided with right-wing parties to reject his 2022 draft budget in October.

- PSD gains -

While the survival of the Socialists' government is at stake, the party is faring better than its peers in many other European nations such as Greece and France where they been virtually wiped off the map in recent years.

If the Socialists again garner the most votes but lack a majority, Costa has said he plans to govern alone by negotiating support from other parties for laws on a case-by-case basis.

Such a government would have "little chance" of lasting until the end of its term in 2026, said Lisbon University politics professor Antonio Costa Pinto.

Under Costa's watch Portugal has rolled back austerity measures, maintained fiscal discipline and slashed unemployment to pre-pandemic levels.

But PSD leader Rui Rio says the economy should expand faster. It proposes corporate tax cuts to spur growth.

Rio has managed to unify the often fractious party since he defeated a leadership challenge last year and his strategy of moving the PSD to the centre appears to be bearing fruit.

Under Rio the PSD defied the odds and booted the Socialists out of office in a regional election in the Azores islands in 2020 and the Lisbon mayor's office last September.

He is open to forming a coalition with the conservative CDS and the upstart libertarian Liberal Initiative party.

But such a coalition would need the support of far-right party Chega, which polls suggest could emerge as the third-biggest party in parliament, mirroring recent gains for such formations across Europe.

- Far-right 'hostage' -

Chega, which translates as "Enough", entered parliament for the first time with a single seat during the last election in 2019.

Costa has warned that a PSD-led government would be a "hostage" to Chega, whose proposals include tougher Covid-19 confinement rules for Roma people and castrating sex offenders.

Rio accuses Costa of fear-mongering.

He has vowed not to include Chega in a government but has indicated he is willing to head a minority government propped up by support in parliament from the far right.

The election is taking place amid a surge in new Covid-19 cases and many voters said they came as soon as ballot stations opened to avoid crowds.

"It is important to come early because of what is happening," said Antonio Xavier, an 84-year-old retired shipyard mechanic after he voted at a school in Almada, a city just south of Lisbon.

The authorities are allowing people who are quarantining because of the virus to leave home to cast their ballot, with a recommendation they vote in the slower final hour.

A.Maldonado--TFWP