Tag: Portugal

EU Says No to Natural Gas Price Cap

Price caps on electricity, which are meant to protect retail customers from soaring production costs, can cause supply shortages.

Portugal: Socialist Victory and Breakthrough of the Right-Wing Party, Chega

The result exceeded expectation: the socialist party won the legislative elections held on Sunday, January 30th, in Portugal. Even though it was announced to be in close competition with the center-right, Partido Socialista (PS) managed to obtain the absolute majority of seats. Unlike the previous elections of 2019, PS can now do without a coalition […]

Early Parliamentary Elections in Portugal

The Costa government had promised a break with the austerity policies imposed by the European Union. But political analysts use the word “disenchantment” to characterize the policies of the governing party. The socialist Costa government is now paying for the effects of the pandemic on the Portuguese economy.

Portugal’s Budget Crisis: A Gordian Knot of Conflicting Policy Goals

At the heart of Portugal’s budget deadlock are three policy goals: economic growth, a balanced budget, and more funding for the welfare state. The conflict between these three goals is not unique to the Costa budget, nor is it unique to Portugal. This is a Europe-wide volcano that happened to erupt in Portugal, and has led to an attention-grabbing political crisis. 

Portugal: Presidential Decree Formally Dissolves Parliament 

The parliament’s formal dissolution took place two months ahead of the previously-announced snap election, which was initially triggered in October when lawmakers rejected the Socialist minority government’s 2022 budget proposal.