The Fort Worth Press - Socialist reign at stake in Portugal election, far right eyes big gains

USD -
AED 3.672974
AFN 68.425216
ALL 93.007834
AMD 390.01331
ANG 1.81621
AOA 911.999957
ARS 998.249996
AUD 1.54345
AWG 1.8
AZN 1.699887
BAM 1.852776
BBD 2.034663
BDT 120.423833
BGN 1.85313
BHD 0.376872
BIF 2975.829027
BMD 1
BND 1.346811
BOB 6.963779
BRL 5.806301
BSD 1.007759
BTN 84.987093
BWP 13.673805
BYN 3.297919
BYR 19600
BZD 2.031252
CAD 1.40043
CDF 2864.99997
CHF 0.887045
CLF 0.035513
CLP 979.910444
CNY 7.243099
CNH 7.255902
COP 4479
CRC 514.586422
CUC 1
CUP 26.5
CVE 104.456686
CZK 23.962998
DJF 179.450744
DKK 7.067675
DOP 60.695052
DZD 134.182994
EGP 49.321298
ERN 15
ETB 122.993165
EUR 0.94762
FJD 2.27485
FKP 0.788387
GBP 0.78809
GEL 2.730243
GGP 0.788387
GHS 16.275027
GIP 0.788387
GMD 70.999767
GNF 8626.906515
GTQ 7.732614
GYD 209.363849
HKD 7.78093
HNL 25.442281
HRK 7.133336
HTG 132.50221
HUF 386.750254
IDR 15875.4431
ILS 3.748965
IMP 0.788387
INR 84.433209
IQD 1320.093319
IRR 42092.498493
ISK 139.630035
JEP 0.788387
JMD 159.538871
JOD 0.709102
JPY 155.900501
KES 129.500052
KGS 86.201845
KHR 4082.940274
KMF 466.349913
KPW 900.000286
KRW 1408.14273
KWD 0.307714
KYD 0.833937
KZT 496.700918
LAK 22131.335237
LBP 89600.701953
LKR 294.541861
LRD 189.957415
LSL 18.103174
LTL 2.95274
LVL 0.60489
LYD 4.882485
MAD 10.020131
MDL 18.159255
MGA 4702.502532
MKD 58.284107
MMK 2097.999867
MNT 3397.99984
MOP 8.017648
MRU 40.117279
MUR 46.889905
MVR 15.449622
MWK 1747.434509
MXN 20.571925
MYR 4.482016
MZN 63.899993
NAD 18.103174
NGN 1684.119587
NIO 37.087736
NOK 11.152585
NPR 135.978578
NZD 1.70394
OMR 0.385031
PAB 1
PEN 3.819421
PGK 4.022654
PHP 58.849994
PKR 278.051027
PLN 4.116289
PYG 7864.722013
QAR 3.674102
RON 4.717298
RSD 110.890999
RUB 98.500922
RWF 1383.186748
SAR 3.757416
SBD 8.383555
SCR 13.620275
SDG 601.497717
SEK 10.996295
SGD 1.345889
SHP 0.788387
SLE 22.814988
SLL 20969.502481
SOS 575.878195
SRD 35.279754
STD 20697.981008
SVC 8.756103
SYP 2512.530181
SZL 18.108875
THB 35.04298
TJS 10.662352
TMT 3.51
TND 3.147935
TOP 2.38999
TRY 34.356195
TTD 6.800372
TWD 32.57475
TZS 2680.545109
UAH 41.343768
UGX 3672.512403
UYU 42.486895
UZS 12811.433733
VES 44.996696
VND 25374.272123
VUV 118.722041
WST 2.798776
XAF 621.79325
XAG 0.033135
XAU 0.00039
XCD 2.70255
XDR 0.753908
XOF 621.79325
XPF 113.11667
YER 249.774976
ZAR 18.27157
ZMK 9001.193302
ZMW 27.374927
ZWL 321.999592
  • CMSC

    0.0700

    24.61

    +0.28%

  • CMSD

    -0.0200

    24.73

    -0.08%

  • RBGPF

    59.2500

    59.25

    +100%

  • RELX

    -0.4700

    46.12

    -1.02%

  • NGG

    -0.7800

    62.12

    -1.26%

  • RIO

    -0.5800

    60.62

    -0.96%

  • AZN

    0.1000

    65.29

    +0.15%

  • SCS

    -0.3000

    13.37

    -2.24%

  • RYCEF

    -0.0400

    7.07

    -0.57%

  • GSK

    -0.4100

    35.11

    -1.17%

  • VOD

    0.2800

    8.75

    +3.2%

  • BCC

    1.4200

    142.55

    +1%

  • JRI

    0.0200

    13.24

    +0.15%

  • BCE

    -0.4800

    27.21

    -1.76%

  • BTI

    0.1800

    35.42

    +0.51%

  • BP

    0.4100

    28.57

    +1.44%

Socialist reign at stake in Portugal election, far right eyes big gains

Socialist reign at stake in Portugal election, far right eyes big gains

Portugal votes Sunday in a tight election, with no party expected to garner a majority in parliament in a fragmented political landscape that could see the far right make huge gains.

Text size:

A late surge by the opposition centre-right PSD party has clawed away the ruling Socialists' once comfortable poll lead, with the two sides in a statistical tie according to final surveys.

With one in 10 voters still undecided according to recent polls, analysts said the outcome of the election in the nation of around 10 million people is wide open.

Ballot stations opened at 8 am (0800 GMT) and close at 8 pm, with official results expected a few hours later.

The prospect of another weak minority government comes as Portugal is trying to boost its tourism-dependent economy which has been badly hit by the coronavirus pandemic.

A stable government is needed for Portugal to make the most of a 16.6-billion-euro ($18.7 billion) package of EU recovery funds it is due to receive by 2026.

"Portugal needs stability after these two difficult years of fighting against the pandemic," Prime Minister Antonio Costa, in office since 2015, told a final rally in second-city Porto on Friday.

During the campaign Costa received messages of support from Spain's Socialist Prime Minister Pedro Sanchez and German Chancellor Olaf Scholz, who called the Portuguese premier a "tireless defender of social justice".

Sunday's snap polls were called after two far-left parties that had propped up Costa's minority government sided with right-wing parties to reject his 2022 draft budget in October.

- PSD gains -

If the Socialists again garner the most votes but lack a majority, Costa has said he plans to govern alone by negotiating support from other parties for laws on a case-by-case basis.

Such a government would have "little chance" of lasting until the end of its term in 2026, said Lisbon University politics professor Antonio Costa Pinto.

Under Costa's watch Portugal has rolled back austerity measures, maintained fiscal discipline and slashed unemployment to pre-pandemic levels.

But PSD leader Rui Rio says the economy should expand faster. It proposes corporate tax cuts to spur growth.

Rio has managed to unify the often fractious party since he defeated a leadership challenge last year and his strategy of moving the PSD to the centre appears to be bearing fruit.

Under Rio the PSD defied the odds and booted the Socialists out of office in a regional election in the Azores islands in 2020 and the Lisbon mayor's office last September.

He is open to forming a coalition with the conservative CDS and the upstart libertarian Liberal Initiative party.

But such a coalition would need the support of far-right party Chega, which polls suggest could emerge as the third-biggest party in parliament, mirroring recent gains for such formations across Europe.

- Far-right 'hostage' -

Chega, which translates as "Enough", entered parliament for the first time with a single seat during the last election in 2019.

Costa has warned that a PSD-led government would be a "hostage" to Chega, whose proposals include tougher Covid-19 confinement rules for Roma people and castrating sex offenders.

Rio accuses Costa of fear-mongering.

He has vowed not to include Chega in a government but has indicated he is willing to head a minority government propped up by support in parliament from the far right.

To try to avoid large gatherings on election day because of the pandemic, voters were given the possibility to cast their ballots in advance on January 23.

Costa was among the roughly 285,000 people who voted that day.

And voters who are quarantining because of the virus will be allowed to leave home to cast their ballot, with the government recommending that they vote in the slower final hour.

D.Ford--TFWP