Portugal's Political Crisis: Snap Election Looms as President Weighs Decision

1 min read
Source: Reuters
Portugal's Political Crisis: Snap Election Looms as President Weighs Decision
Photo: Reuters
TL;DR Summary

A survey shows that nearly 70% of Portuguese voters want an early election following the resignation of Prime Minister Antonio Costa amid an investigation into alleged corruption. President Marcelo Rebelo de Sousa is set to announce his decision on whether to allow the Socialist Party (PS) to form a new government or dissolve parliament and call for an election. Analysts believe an election is the most likely option, but the president may give more time for the PS to pass next year's budget. The budget includes lower income tax rates, higher wages, and social benefits.

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