Portuguese Prime Minister submitted his resignation yesterday after all the opposition parties voted against the room containing the executive plan of Lisbon. José Socrates has blamed the main opposition group to force the crisis by "partisan interests." Socrates Thursday will attend the European Council in Brussels as prime minister to try to defend his handling of the economic crisis and try to avoid a far more plausible bailout.
"This political crisis currently has very serious consequences because it damages the trust of international institutions and markets," said Prime Minister last night, blaming the opposition of "the negative consequences that the political crisis will bring to families and businesses Portuguese.
" Moreover, Jose Socrates has criticized the parties have opted to vote against the PEC4 without presenting alternatives, and for doing "on the eve of a European Council which is essential for the future of Portugal and the euro." Without the right questions from reporters, the prime minister, until the president accepted his resignation, defended that has done everything possible to avoid the intervention of the International Monetary Fund.
In a statement, the President has announced that following discussions with the parties, before calling early elections to be concluded within two months. For its part, the opposition leader, Pedro Passos Coelho, understands that "markets do not rely on Portugal, as the government has failed to create the necessary conditions of trust." The Social Democrat who has championed for over a year has given his support for the government to ensure political stability and prevent international aid, but now believes "it's time to turn it back to the Portuguese." Set of plans submitted by the government, Passos Coelho believes that Socrates has taken advantage of the bailout argument "scare and convince the Portuguese that they were necessary each time new containment measures." Still, the curator does not rule out that if he is elected president has to raise taxes again because of the financial crisis facing the country.
All austerity measures adopted in the last year have not stopped the interest of the Portuguese 10-year bond has soared to 7.8%, almost one percentage point above the limit that the Government itself is said Luso intervention International Monetary Fund. The four adjustment plans accounted accept an increase in VAT to 23% pay cuts for the Civil Service between 5 and 10% for salaries exceeding 1,500 euros in spending cuts and regional administrations and public enterprises.
This latest austerity plan intended to further raise and lower VAT dismissal. 
"This political crisis currently has very serious consequences because it damages the trust of international institutions and markets," said Prime Minister last night, blaming the opposition of "the negative consequences that the political crisis will bring to families and businesses Portuguese.
" Moreover, Jose Socrates has criticized the parties have opted to vote against the PEC4 without presenting alternatives, and for doing "on the eve of a European Council which is essential for the future of Portugal and the euro." Without the right questions from reporters, the prime minister, until the president accepted his resignation, defended that has done everything possible to avoid the intervention of the International Monetary Fund.
In a statement, the President has announced that following discussions with the parties, before calling early elections to be concluded within two months. For its part, the opposition leader, Pedro Passos Coelho, understands that "markets do not rely on Portugal, as the government has failed to create the necessary conditions of trust." The Social Democrat who has championed for over a year has given his support for the government to ensure political stability and prevent international aid, but now believes "it's time to turn it back to the Portuguese." Set of plans submitted by the government, Passos Coelho believes that Socrates has taken advantage of the bailout argument "scare and convince the Portuguese that they were necessary each time new containment measures." Still, the curator does not rule out that if he is elected president has to raise taxes again because of the financial crisis facing the country.
All austerity measures adopted in the last year have not stopped the interest of the Portuguese 10-year bond has soared to 7.8%, almost one percentage point above the limit that the Government itself is said Luso intervention International Monetary Fund. The four adjustment plans accounted accept an increase in VAT to 23% pay cuts for the Civil Service between 5 and 10% for salaries exceeding 1,500 euros in spending cuts and regional administrations and public enterprises.
This latest austerity plan intended to further raise and lower VAT dismissal.
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