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Monday, 6 June 2011

Socialist government unseated in Portuguese elections


The Banksters will be rubbing their hands with glee once again...

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independent.co.uk

Portugal's Social Democrats unseated the Socialist government in an emphatic election victory, giving the centre-right party a strong mandate to enact a grinding austerity programme demanded in return for a 78 billion euro (114 billion US dollar) international bail-out.

Though the severe debt-reduction measures are expected to pitch the country into deep recession and bring sharply lower living standards in what already is one of western Europe's poorest countries, parties that support the effort to restore fiscal health collected around 80% of the vote.

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