Portugal's new PM vows 'healthier' budget consolidation


  • World
  • Friday, 27 Nov 2015

Portugal's Socialist party (PS) leader Antonio Costa speaks to the media after a meeting with Portugal's President Anibal Cavaco Silva at Belem Palace in Lisbon, Portugal November 20, 2015. REUTERS/Rafael Marchante

LISBON (Reuters) - Portugal's new Socialist Prime Minister Antonio Costa said on Thursday his government will guarantee Portugal's commitments to European budget rules, but he will turn the page on austerity and pursue a healthier path of budget consolidation.

In a speech at the swearing-in ceremony of the new minority government, which will rely on far left parties for its survival, Costa said the leftist majority in parliament "secures lasting support for the current government."

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Rains in southern Brazil kill at least 31, more than 70 still missing
Panama top court deems presidential frontrunner's candidacy constitutional
Georgian PM calls U.S. criticism of draft 'foreign agents' law false
Boeing sending first astronaut crew to space after years of delay
Former Trump aide Hope Hicks testifies that she did not expect presidential bid
Ukrainian agent killed before he could attack fuel terminal - Russian FSB, cited by Interfax
Chad prepares to vote in a coup-hit region, wary allies look on
Heatwaves and outages test support for juntas in Chad and Mali
Ethiopia's Amhara militia says resettlement plan 'beats war drum'
You’re surrounded by scammers

Others Also Read