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Eurozone crosses Rubicon as Portugal's anti-euro Left banned from power
10-24-2015, 10:01 AM
Post: #1
Eurozone crosses Rubicon as Portugal's anti-euro Left banned from power
0
0
Constitutional crisis looms after anti-austerity Left is denied parliamentary prerogative to form a majority government

Anibal Cavaco Silva, Portugal’s constitutional president, has refused to appoint a Left-wing coalition government even though it secured an absolute majority in the Portuguese parliament and won a mandate to smash the austerity regime bequeathed by the EU-IMF Troika.

Democracy must take second place to the higher imperative of euro rules and membership.
“In 40 years of democracy, no government in Portugal has ever depended on the support of anti-European forces, that is to say forces that campaigned to abrogate the Lisbon Treaty, the Fiscal Compact, the Growth and Stability Pact, as well as to dismantle monetary union and take Portugal out of the euro, in addition to wanting the dissolution of NATO,” said Mr Cavaco Silva.

http://www.telegraph.co.uk/finance/econo...power.html

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