Parliamentary elections in Portugal

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published on 9 October 2019 | reading time approx. 2 minutes

 

Parliamentary elections were held in Portugal on 6 October 2019. As already sus­pected, the leading social democratic party “Partido Socialista” (PS) of the Portuguese Prime Minister, António Costa, received about 37 per cent of the votes and thus won the parliamentary election.

 

 

Since the end of November 2015, the PS has led a minority government (without a coalition) supported by the Left Party “Bloco de Esquerda” (BE) and the alliance of a small green and communist party “Coligação Democrática Unitária” (CDU).

 

The second strongest party is once again the Partido Social Democrata (PSD), which received around 28 per cent of the votes, followed by the Bloco de Esquerda (BE) with around 9.7 per cent. However, since the social-democrat PS was unable to achieve an absolute majority in parliament, it will, as before, have to form a minority government and is thus dependent on the support of another party. Therefore the new formation of the government remains to be seen.

 

The economic development of the past four years has presumably contributed to the fact that the PS received this high proportion of votes. An example of this positive development is that the unemployment rate has been at a historically low level since 2002.

 

Some Portuguese will certainly attribute the economic recovery of the country as well as the easing of the rigid austerity policy to the PS. However, it can be assumed that the government of Prime Minister António Costa has also benefited from these austerity measures of its predecessor, the PSD (in Germany comparable with the “CDU”).

 

Interested parties continue to expect stability and good investment conditions in the country. It can be assumed that the election results will have no influence on the behavior of German investors in the future political and economic development of Portugal.

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