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ALLIANCE FO§ DEMOCRACY
bombLetter to the IMF relation to the
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bombLetter to the CDU Youth Union - 14/11/16 bombLetter to the IDW regarding
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The Portuguese must make further sacrifices

The "Süddeutsche Zeitung" reported on 7th June 2011 (p. 7) how the designated Premier of Portugal, Pedro Passos Coelho, has sworn his countrymen to further sacrifices the country must make, if it wants to survive in the Euro crisis. The head of the conservative PSD Party explained that he intended to devote all his efforts to winning back the confidence of the markets. He told the European partner that "Portugal will not become a burden on its creditors". Coelho thus reaffirmed his package of measures which Portugal must fulfil in order to receive emergency loans of "over € 78 billion" from the International Monetary Fund (IMF), the European Commission and the European Central Bank (ECB). The question is now whether this was a case of election fever or whether the PSD Party, which will hold 105 of the 203 seats in the future parliament, can keep this promise. The liberal-populist CDS, which will hold 24 seats, would serve the PSD as a new coalition partner.

Aside from the elation of winning the election, the parties are under enormous time pressure. The time in which offices are awarded, the cabinet formed and the tasks assigned must also fit in with the schedule of the ECB, IMF and the Commission. The first savings measures must be instituted in July.
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