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View Full Version : Portugal election: Socialists admit defeat



djones520
06-06-2011, 12:27 AM
More rejection in Europe of socialism. Good on them.


Portugal's governing Socialist Party has admitted defeat in the general election.

Socialist leader Jose Socrates said he accepted responsibility for the defeat and resigned as head of his party.

The victorious centre-right Social Democrats (PSD) led by Pedro Passos Coelho are expected to form a majority with the conservative CDS.

The new government must implement a demanding austerity programme as a condition for an EU bail-out.

Exit polls gave the PSD between 37% and 42.5% of the vote, ahead of the Socialists who scored between 24.4% and 30%.

"These are clear results which the Socialist Party wants to recognise. All the results point to a win for the PSD and a defeat for the Socialists," Economy Minister Jose Vieira da Silva said.

Announcing his resignation to party supporters in Lisbon, Mr Socrates said: "This defeat is entirely mine and I want to assume full responsibility for it.

"I feel it is necessary to open a new political cycle that is able to prepare a consistent alternative. I want to give the Socialist Party the space to discuss its future and select a new leadership."

All the main parties are backing the 78bn euro ($116bn; 70bn) bail-out, which requires tough austerity measures amid a faltering economy and a debt crisis.

More at the link.

http://www.bbc.co.uk/news/world-europe-13658998

Rockntractor
06-06-2011, 12:43 AM
The only way they can free themselves from socialism is to break ties with the European union.

fettpett
06-06-2011, 04:29 AM
The only way they can free themselves from socialism is to break ties with the European union.

There as been talk that the Germans are looking to pull out, don't see why Portugal can't