About: Pedro Passos Coelho

Euro & Finance 19-05-2016

Portugal seeks exemption from EU state aid rules to help banks

The president of Portugal's central bank wants to mimic what has been done in Italy and has asked for exemption from EU state aid rules so that a mechanism for purchasing non-performing loans can be set up. EURACTIV’s new partner Milano Finanza reports.
Euro & Finance 24-02-2016

Portugal adopts anti-austerity budget despite concerns

Portugal's Socialist-led lawmakers on Tuesday (22 February) approved a 2016 budget that pledges to reverse unpopular austerity measures but is seen as high-risk by critics and investors, with Lisbon under EU pressure to stay on a disciplined path.
Elections 12-11-2015

Don’t compare the Portuguese and Spanish elections

Given the predicted poll results ahead of December's Spanish elections, and the crisis in Catalonia, it would be over-simplistic, and probably wrong, to compare political developments in Spain and Portugal, writes Elisa Lledó.
Elections 09-11-2015

Green light for left-wing government in Portugal

The Portuguese Communist Party has agreed to form a governing coalition with the Socialist Party. The fate of Portugal’s minority government will be decided in a vote of no confidence on Tuesday (10 November). Our partner La Tribune reports.
Elections 28-10-2015

Portugal’s new cabinet likely to be short-lived

Portugal's president accepted yesterday (27 October) the line-up of a new minority government that will be sworn in on Friday, starting the countdown on persuading the opposition-dominated parliament to accept its program or face the collapse of the cabinet.
Elections 26-10-2015

Political crisis boiling in Portugal

The Portuguese parliament is likely to reject the program of the centre-right government of Pedro Passos Coelho, plunging the country into uncertainty.
Elections 21-10-2015

Portugal’s Socialist leader expects to be named Prime Minister

Portugal's centre-right prime minister, and the head of the opposition Socialists, made rival offers yesterday (20 October) to form the next government, exacerbating the country's political stalemate following this month's inconclusive election.
Elections 13-10-2015

Portugal’s Socialist leader sees opportunity for leftist cabinet

The head of Portugal's main opposition Socialists on Monday (12 October) raised the prospect of forming an "alternative government" with two other leftist parties, after inconclusive elections saw the ruling centre-right fall short of an outright victory.
Elections 07-10-2015

Coelho faces difficulties forming government

Portugal's president asked Prime Minister Pedro Passos Coelho on Monday (5 October) to form a government, following an inconclusive election which denied the centre-right leader a parliamentary majority.
Elections 05-10-2015

Portugal’s ruling coalition reelected, despite austerity policies

Portugal's opposition Socialist leader Antonio Costa conceded defeat in a general election on Sunday (4 October) after exit polls and partial tallies put the ruling centre-right coalition ahead.
Elections 02-04-2015

Popular Lisbon mayor steps down to run in general election

Lisbon's Socialist mayor Antonio Costa, tipped to succeed centre-right Prime Minister Pedro Passos Coelho, stepped down Thursday (1 April) to fight Portugal's parliamentary elections this autumn.
Euro & Finance 02-03-2015

War of words rages between Athens and Madrid

Spain's centre-right Prime Minister Mariano Rajoy hit back yesterday (1 March) against accusations from Greece's leftist premier that Spain and Portugal had led a conservative conspiracy to topple his anti-austerity government.

Portugese interior minister resigns over ‘golden visas’ scandal

Portugal's interior minister resigned yesterday (16 November) over an investigation into alleged corruption linked to the issuing of so-called "golden visas" to wealthy foreigners, but denied wrongdoing and said the move was to save damage to the government.
Euro & Finance 19-05-2014

Commission hails Portugal’s exit from bailout

European Commission Vice President Siim Kallas congratulated Portugal for having been able to exit its three-year €78-billion bailout on Saturday (17 May), but warned that there was no room for complacency, as many challenges are still facing the country.
Prime Minister of Portugal Pedro Passos Coelho
Euro & Finance 05-05-2014

Portugal exits from bailout on 17 May

Portugal said yesterday (4 May) it would exit its three-year €78-billion bailout this month without a precautionary credit line, as the country returns to growth after years of painful austerity and unpopular reforms.
Prime Minister of Portugal Pedro Passos Coelho
Euro & Finance 31-07-2013

Portugal’s PM vows no retreat on austerity measures

Portugal's prime minister has ruled out any backtracking on the country's bailout terms as his revamped government easily won a confidence vote intended to show it has repaired an internal rift over austerity.
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Economy & Jobs 08-04-2013

EU warns Portugal to stick to fiscal targets after court ruling

Brussels has warned Portugal to stick to the bailout austerity measures agreed in 2011 or risk losing further financial hep. The warning came following a decision by the Portuguese constitutional court to reject a set of unpopular public spending cuts aimed at reducing the country's deficit. In a televised speech on Sunday, Portugal's prime minister Pedro Passos Coelho described the country's economic situation as a 'national emergency' and pled to follow the terms agreed with international lenders.