Friday, March 25, 2011

Portugal: Sócrates at the end

Portugal: Sócrates at the end. Six years ago, are surprisingly clear victory was accompanied by great hopes, for the country which had previously been the conservative "Barroso" party tried in vain to give an inner jerk, put in a stubborn stagnation.


Encrusted structures, economic backwardness and a less flexible labor market with archaic unions could hardly grow. Given a certain carelessness came through the habit of the Brussels subsidy funds. Socrates grabbed as a pragmatic reformer some, but attacked again and again to short. For each of savings and tax measure soon became clear that the economic difficulties but were larger than the government wanted to admit to themselves and their people.

With his already less brilliant re-election in 2009 Sócrates then lost the parliamentary majority and was associated with a minority government now needs the support of conservatives. The bourgeois socialists, who for reasons of state and various austerity also could pass the final budget, now tired of the constant improvements.

You still unproven new party chairman Pedro Passos Coelho would not be more backers, but self-government. The polls appear to him favorably. Should President Anibal Cavaco Silva, who also comes from the "Barroso" party, start early elections, a new beginning is possible. The problems and the bitter medicine, the break would let Sócrates, although the same, the voters might do after a while already "lost decade" with a new majority and a clear mandate yourself a favor.

Although now at a turning point for Portugal, his trembling neighbors Spain and the entire euro zone awkward moment comes, it is preferable to terror without end Sócrates. The socialist who is mainly out of political self-interest against the probably inevitable, namely the "rescue" braced, hangelte, finally, only of an adjustment program to the next.

His personal and political credit is used up.

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