Portuguese Prime Minister Pedro Passos Coelho said he won’t quit after a coalition partner resigned, adding to political turmoil as bond yields surged.
Portuguese Prime Minister Pedro Passos Coelho said he still has the support of the CDS party after the leader of his junior coalition partner quit as foreign minister this week.
Portuguese Prime Minister Pedro Passos Coelho presented the country’s president with a plan to hold the government together after the leader of his coalition partner announced his resignation from the Cabinet this week.
"There is no reason that indicates there is a need for state intervention in a bank that has solid capital levels, that has a comfortable margin to face up to any contingencies."
- Pedro Passos Coelho on Jul 15, 2014