End of Democracy in Portugal ?
Nov 10th 2015, 9:36 am
#151
Lost in BE Cyberspace
Joined: Nov 2013
Posts: 6,313
Re: End of Democracy in Portugal ?
There are no less enthusiastic members of Costa's party. There were two votes held over the past few days, one by the National Commission on the PS amended programme, the other by the Political Commission on the issue of collaboration with the other left parties. Both were won by huge margins with virtually no dissent. Those in doubt have had their say and have now agreed to abide by what are very clear majority decisions. Chances of a rebellion : zero. My prediction for the vote on the motion of rejection 122 or 123 for, 107 or 108 against, 1 possible abstention.
The support from the other parties will endure as long as the PS stick to the agreements made during the past weeks. Further talks will take place during the drafting of each of the annual budgets. As they are agreeing to support the PS on the grounds that their programme is the lesser of 2 evils, why would the other parties provoke an election and risk bringing the worse evil back?
You can have a house point for the possibility of the current government being left in as a caretaker government - and of course the President could also appoint someone from outside of his own choosing. But with all that talk of stability, could he really do that? A temporary government with no budget - what would the ratings agencies and the markets etc make of that? And much more importantly, what about the furore it would cause at home and abroad - and the political fallout for his party. Just before the presidential elections 'n all. Don't do it, Cavaco. Swallow that frog. But he is such a what that I have to admit a larger possibility of it happening than I would like - so I'll estimate 70/30 in favour of Costa being appointed.
If I'm wrong on any of the above you have my full permission to point and laugh.
The support from the other parties will endure as long as the PS stick to the agreements made during the past weeks. Further talks will take place during the drafting of each of the annual budgets. As they are agreeing to support the PS on the grounds that their programme is the lesser of 2 evils, why would the other parties provoke an election and risk bringing the worse evil back?
You can have a house point for the possibility of the current government being left in as a caretaker government - and of course the President could also appoint someone from outside of his own choosing. But with all that talk of stability, could he really do that? A temporary government with no budget - what would the ratings agencies and the markets etc make of that? And much more importantly, what about the furore it would cause at home and abroad - and the political fallout for his party. Just before the presidential elections 'n all. Don't do it, Cavaco. Swallow that frog. But he is such a what that I have to admit a larger possibility of it happening than I would like - so I'll estimate 70/30 in favour of Costa being appointed.
If I'm wrong on any of the above you have my full permission to point and laugh.
Yes Eric!! all of the above can and probable will happen. (I would certainly hope for a more neutral leader though )Appointing Costa still gives the impression that his party won.(alone) It's the expedient coalition that 'won' if we want to go down that road The guys/girls can sit in that closed environment and pat themselves on the back,job done .BUT where does that leave a very vulnerable Portugal in the world?. It's whats going on OUTSIDE those walls that matters to us,and it matters NOW. Again...any government containing communists is a literal red flag to the markets. See what the result is on friday...
Nov 10th 2015, 10:22 am
#152
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,448
Re: End of Democracy in Portugal ?
Germany still can't get its head around default so for now at least they keep providing money, but this can't carry on for ever, and the music will eventually stop, then it is likely that several countries will default, and "crash out of the euro". Who knows what happens next? I suspect the euro experiment will lose other countries and the single currency Europe will fail like it did last time, leaving just a few counties with the euro - most likely Germany, Austria, the Netherlands, and maybe a few other German satellites to the east.
Nov 10th 2015, 1:17 pm
#153
Polished expat
Joined: Jul 2014
Location: Arcos de Valdevez "Onde Portugal se fez"
Posts: 16,832
Re: End of Democracy in Portugal ?
And secondly, what matters very much to me and to millions of Portuguese is precisely what goes on inside those walls, whether or not it is to a degree conditioned by external events as well. That is why we have elections. You join the TINA fanclub if you want but I'm perfectly relaxed about our next government legislating for the benefit of the residents of this country as well as its economy rather than solely on the basis of some dodgy economic indicators which mean naff-all to the overall well-being of neither the economy nor the greater part of the population.
Nov 10th 2015, 1:59 pm
#154
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Location: Alcobaça
Posts: 4,978
Re: End of Democracy in Portugal ?
Firstly, for the nth time, there will be 0 communists in government. None, nada, zilch. OK? They'll be sat in parliament, just as they always have been. No need for anybody to go home to change wet pants, even if they work in a market. Perhaps somebody can explain that to the stall-holders.
And secondly, what matters very much to me and to millions of Portuguese is precisely what goes on inside those walls, whether or not it is to a degree conditioned by external events as well. That is why we have elections. You join the TINA fanclub if you want but I'm perfectly relaxed about our next government legislating for the benefit of the residents of this country as well as its economy rather than solely on the basis of some dodgy economic indicators which mean naff-all to the overall well-being of neither the economy nor the greater part of the population.
And secondly, what matters very much to me and to millions of Portuguese is precisely what goes on inside those walls, whether or not it is to a degree conditioned by external events as well. That is why we have elections. You join the TINA fanclub if you want but I'm perfectly relaxed about our next government legislating for the benefit of the residents of this country as well as its economy rather than solely on the basis of some dodgy economic indicators which mean naff-all to the overall well-being of neither the economy nor the greater part of the population.
Nov 10th 2015, 2:40 pm
#155
Lost in BE Cyberspace
Joined: Nov 2013
Posts: 6,313
Re: End of Democracy in Portugal ?
So you are in complete denial about the 'Dodgy Economic Indicators' that brought down the worlds economy.Threw thousands out of their homes,broke Banks, devalued properties and threw countries like Greece ,Spain,Italy and Portugal into the debtors prison...? Believe me I want you to be right. However my faith in Governments to control their countries fates died over the last few yrs. hammered home by the strength of the Money men and the weakness of politicians to do anything about it.
I will just have to wait and see won't I ...
Nov 10th 2015, 3:36 pm
#156
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Joined: Oct 2012
Posts: 26,724
Re: End of Democracy in Portugal ?
I have never had much respect for some of the UK press but the Torygraph is sinking to new lows.
It had a story yesterday referring to the prospects of a communist, left block take over in Portugal this week.
Germany to lose one of its allies in the promotion of austerity etc etc.
It had a story yesterday referring to the prospects of a communist, left block take over in Portugal this week.
Germany to lose one of its allies in the promotion of austerity etc etc.
Nov 10th 2015, 4:15 pm
#157
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Location: Alcobaça
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Re: End of Democracy in Portugal ?
Lifted this from another EXPat WS
Communists ready to assume power in Portugal and topple conservative government - Telegraph
It makes a interesting read, especially the head line
Communists ready to assume power in Portugal and topple conservative government - Telegraph
It makes a interesting read, especially the head line
posted on 07.11.
OH No ! This one Germany loses key ally in Portugal as austerity regime crumbles - Telegraph
Last edited by Ingles; Nov 10th 2015 at 4:19 pm.
Nov 10th 2015, 4:26 pm
#158
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Posts: 26,724
Re: End of Democracy in Portugal ?
Do you mean this one ?
posted on 07.11.
OH No ! This one Germany loses key ally in Portugal as austerity regime crumbles - Telegraph
posted on 07.11.
OH No ! This one Germany loses key ally in Portugal as austerity regime crumbles - Telegraph
Nov 10th 2015, 4:48 pm
#159
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Location: Cayman Islands
Posts: 4,999
Re: End of Democracy in Portugal ?
I'm keeping a weather eye on what happens in Portugal, because Madeira is on our shortlist for retirement in a year or two's time. Here's an interesting little article on one of my favourite sites:
Portuguese Government Falls As Socialists, Communists Topple PM | Zero Hedge
Portuguese Government Falls As Socialists, Communists Topple PM | Zero Hedge
Nov 10th 2015, 7:13 pm
#160
Banned
Joined: Oct 2012
Posts: 26,724
Re: End of Democracy in Portugal ?
I'm keeping a weather eye on what happens in Portugal, because Madeira is on our shortlist for retirement in a year or two's time. Here's an interesting little article on one of my favourite sites:
Portuguese Government Falls As Socialists, Communists Topple PM | Zero Hedge
Portuguese Government Falls As Socialists, Communists Topple PM | Zero Hedge
The report I read does not even suggest that he has any meetings planned with the socialists but instead with the coalition
Euro falls against pound and dollar.
Nov 10th 2015, 7:26 pm
#161
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Joined: Aug 2007
Posts: 224
Re: End of Democracy in Portugal ?
Wednesday Cavaco has a meeting with Passos Coelho
Madeira is Portugal as well
Madeira is Portugal as well
Last edited by Troia; Nov 10th 2015 at 7:43 pm.
Nov 10th 2015, 9:44 pm
#162
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Re: End of Democracy in Portugal ?
Another report, this one quoting the Wall Street Journal, which is of course 100% pro-NATO and therefore pro=EU and the Euro. All very interesting.
Portugal Is Potentially A Very Big Deal
The Royal Bank of Canada is officially predicting the Euro will fall to par with the USD early next year.
Portugal Is Potentially A Very Big Deal
The Royal Bank of Canada is officially predicting the Euro will fall to par with the USD early next year.
Nov 11th 2015, 6:31 am
#163
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Joined: Jul 2014
Location: Arcos de Valdevez "Onde Portugal se fez"
Posts: 16,832
Re: End of Democracy in Portugal ?
I'd reconsider if I were you, Gordon. Now the commies are in power, Portugal will be in grainy black and white and we'll all be riding bicycles amongst rather grim-looking architecture. We got the trams in early for just such an eventuality.
Nov 11th 2015, 9:30 am
#164
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Re: End of Democracy in Portugal ?
p.s. the PT "Bolsa" opened 0.97% UP
Governo - Cavaco recebe Passos Coelho. Cenários mantêm-se em aberto - Portugal - DN
Last edited by Ingles; Nov 11th 2015 at 9:47 am.
Nov 11th 2015, 10:14 am
#165
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Joined: Oct 2012
Posts: 26,724
Re: End of Democracy in Portugal ?
Yes he doe's @16.30 - To hand in his resignation
p.s. the PT "Bolsa" opened 0.97% UP
Governo - Cavaco recebe Passos Coelho. Cenários mantêm-se em aberto - Portugal - DN
p.s. the PT "Bolsa" opened 0.97% UP
Governo - Cavaco recebe Passos Coelho. Cenários mantêm-se em aberto - Portugal - DN
There were debates and discussion on every channel.
I really would have liked to have heard the statement from the communist leader.
He certainly looked the part of the old style marxist with the hammer and sickle background.
Algarvians are looking forward to the promised end of tolls on the motorway, !????