"Sócrates threat to leave if the austerity plan is rejected," as the Lisbon daily. On 15 March, the Socialist Prime Minister announced on television that the word would be "returned to the people" if his new austerity plan, presented on March 11, was not passed in parliament where his party is a minority.
In the evening, the rating agency Moody's has lowered from A1 to A3 the debt rating of Portugal, skeptical of the government's ability to impose the austerity policy envisaged.
In the evening, the rating agency Moody's has lowered from A1 to A3 the debt rating of Portugal, skeptical of the government's ability to impose the austerity policy envisaged.
- Portuguese PM Calls Emergency Night Meeting Ahead Of Wednesday's Huge Austerity Vote (22/03/2011)
- Portugal's Socrates pledges to meet budget goals (14/03/2011)
- Portugal opposition says won't back govt measures (21/03/2011)
- Portugal PSD to present motion rejecting govt plan (22/03/2011)
- Portugal's Premier Rejects Aid (26/01/2011)
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