Scrolling news:

Palestine: Gaza casualty toll on the rise, Israeli strikes continue on day 20

Palestine: Eight Palestinians killed, dozens wounded Sunday

Eid moon sighting possiblities, Muslims in South Africa have declared Eid

Pakistan: More rain with thunder, lightening forecast in next 24 hours in Rawalpindi

Libya: US embassy evacuated after heavy violence

Palestine: List of Palestinians killed by Israeli forces between July 8 to July 27

Palestine: Two Palestinians beaten by Jewish mob in Jerusalem

Palestine: Reports show murder of 3 Israeli teenage settlers was not carried out by Hamas

Palestine: Remains of 85 Palestinians located under rubble of bombarded homes

Palestine: Ten Palestinians killed by Israeli forces in West Bank

Palestine: At least 15 kidnapped by Israeli forces from West Bank

Palestine: Palestinians pull over 140 bodies from under Gaza rubble, total killed 1000

Lebanon: Nasrallah: Israel on a path towards “suicide” in Gaza

Palestine: Two Palestinians killed as tens of thousands protest Israeli assault across West Bank

Palestine: Amid Gaza ceasefire calm, at least 40 dead bodies are found

Palestine: Entire 20 members of one family in Gaza killed prior to ceasefire, as death toll tops 940

Palestine: Seventeen killed in early morning hours of Friday

Palestine: Israeli forces invade Azzun in W Bank, use Palestinian civilians as human shields

Palestine: 931 Palestinians from Jerusalem & inside Israel taken captive in 3 Weeks

Saudi Arabia behind effort to disarm the Palestinian Resistance

Portuguese parties reach accord to save Coelho government

5th Jul 2013

Portugal’s center-right coalition government has been saved from collapse after ministers found a way to ensure stability. The government looked set to implode after two top-level resignations.

Prime Minister Pedro Passos Coelho announced on Thursday that he was “convinced” that the government could survive, despite the political crisis stemming from the resignation of two of his most senior ministers.

“A formula has been found to maintain the stability of the government,” the premier said after a meeting with the Portuguese President Anibal Cavaco Silva.

Foreign Minister Paulo Portas said he was stepping down on Tuesday, a day after the resignation of Finance Minister Vitor Gaspar.

The resignation of Portas – who is also the leader of the junior coalition member the Popular Party (CDS-PP) – had posed a particular threat for the governement, led by Passos Coelho’s liberal-conservative Social Democratic Party (PSD). Unions and the opposition left subsequently called for new elections to be held.

Passos Coelho said the deal had been reached after he met Portas three times over a 24-hour period. The premier said the deal would involve a “way to guarantee the political support of the CDS-PP.”

Party political disgruntlement

In his resignation letter, Portas had said he was unhappy that the prime minister had named Treasury Secretary Maria Luis Albuquerque as the new finance minister. However, Passos Coelho did not accept the resignation.

Portas agreed to meet the prime minister and the two were able to find “a viable solution for the government of Portugal.”

While no further details were forthcoming, Portuguese media speculated that the prime minister might reshuffle the cabinet, giving Portas the post of deputy prime minister in charge of the economy.

The resignation of Gaspar – a technocrat who has no party affiliations – has caused less political concern. Gaspar resigned on the grounds that there was not enough popular support for austerity measures of which he was the architect.

The political uncertainty caused by the resignations caused Portugal’s 10-year borrowing rate to surge to more than 8 percent on Wednesday. The rate fell back to 7.216 percent on Thursday.

European Central Bank chief Mario Draghi on Thursday afternoon ruled out the possibility of the ECB buying Portuguese government bonds in an effort to defuse the crisis. Draghi said the country did not meet the criteria to qualify, given that it did not regularly issue long term bonds.

rc/jm (AP, AFP, Reuters)


Comments are closed.

Sectarianism in the Middle East and its rise in the UK, Standpoint, Sahar TV. Interview 29 May 2013 and aired on 12 June 2013

Latest Tweets

The Muslim News


Awards for Excellence

Read more