The European Central Bank can stop the spread of the continent’s financial crisis with “foreseeable, unlimited” purchases of Italian and other government bonds, Portuguese President Anibal Cavaco Silva said.
Portuguese Prime Minister Pedro Passos Coelho said he will seek alternative ways to meet deficit targets after the country’s Constitutional Court yesterday blocked his plan to reduce state workers’ pensions.
The Portuguese government will find alternatives to meet its 2014 budget deficit target if the country’s Constitutional Court blocks plans including changes to state pensions, the European Commission said.
Portuguese President Anibal Cavaco Silva led Manuel Alegre and other candidates by a wider margin in a survey of voters’ intentions for presidential elections, television station SIC reported on its website.
Portuguese President Anibal Cavaco Silva , a former premier and economist, won election to a second term as the country struggles to avoid following Greece and Ireland in requesting a bailout, three exit polls indicated.