Portugal

Votes today for new President


Published

Portugal voters will, today (23rd January 2011), elect a new President for a five year term in office. The front runner is Cavaco Silva (74) a member of the main opposition Social Democratic Party (PSD).

Opinion polls have shown Cavaco Silva on around 63% of the vote in comparison with his main opponent Manuel Alegre (74) who is standing for the governing Socialist party (PS) and Left bloc (BE) and has about 20%.

Cavaco Silva is seen as being a safe pair of hands at a time when Portugal is going through severe economic difficulties. He is a former economics professor and during his term of office as Prime Minister (1985 – 1995) the Portuguese economy performed well. He has supported the government’s austerity measures but is seen to be a stabilising influence with strong economic expertise at a time when ordinary people are suffering.

More detailed briefing on the politics and risk of doing business in this country is available to clients and subscribers. If you would like to know more then please contact enquiries@tradebridgeconsultants.com