The Japan Times - Socialist reign at stake in Portugal election, far right eyes big gains

EUR -
AED 4.306924
AFN 77.800612
ALL 96.290273
AMD 447.455848
ANG 2.099694
AOA 1075.411417
ARS 1700.779101
AUD 1.772061
AWG 2.110949
AZN 1.988177
BAM 1.952553
BBD 2.365276
BDT 143.51133
BGN 1.955558
BHD 0.44213
BIF 3482.009164
BMD 1.17275
BND 1.514082
BOB 8.114505
BRL 6.462082
BSD 1.174352
BTN 106.720516
BWP 15.510205
BYN 3.441491
BYR 22985.892779
BZD 2.361882
CAD 1.615644
CDF 2638.686581
CHF 0.934332
CLF 0.027329
CLP 1072.104138
CNY 8.258444
CNH 8.255383
COP 4504.50788
CRC 586.025397
CUC 1.17275
CUP 31.077865
CVE 110.081926
CZK 24.301712
DJF 209.123105
DKK 7.471107
DOP 75.454514
DZD 151.827002
EGP 55.592317
ERN 17.591244
ETB 182.304714
FJD 2.673278
FKP 0.876507
GBP 0.876073
GEL 3.160551
GGP 0.876507
GHS 13.505539
GIP 0.876507
GMD 86.199295
GNF 10212.016669
GTQ 8.993044
GYD 245.691397
HKD 9.122608
HNL 30.940544
HRK 7.53222
HTG 153.794229
HUF 385.778924
IDR 19582.573348
ILS 3.789201
IMP 0.876507
INR 105.893078
IQD 1538.448008
IRR 49399.146865
ISK 147.995144
JEP 0.876507
JMD 188.486533
JOD 0.831511
JPY 181.991394
KES 151.226201
KGS 102.55723
KHR 4702.179931
KMF 492.554939
KPW 1055.474962
KRW 1735.464253
KWD 0.359705
KYD 0.978677
KZT 605.335863
LAK 25442.795245
LBP 105164.352354
LKR 363.536961
LRD 207.864306
LSL 19.721186
LTL 3.462825
LVL 0.709385
LYD 6.362446
MAD 10.746727
MDL 19.776195
MGA 5305.177102
MKD 61.535274
MMK 2462.499847
MNT 4159.55763
MOP 9.41009
MRU 46.575541
MUR 54.005329
MVR 18.072469
MWK 2036.313462
MXN 21.065457
MYR 4.791838
MZN 74.950137
NAD 19.721186
NGN 1704.791285
NIO 43.218125
NOK 11.959003
NPR 170.753025
NZD 2.030505
OMR 0.450919
PAB 1.174347
PEN 3.955921
PGK 4.992697
PHP 68.680904
PKR 329.11566
PLN 4.216211
PYG 7887.915449
QAR 4.281779
RON 5.091849
RSD 117.371155
RUB 92.705885
RWF 1709.856384
SAR 4.398673
SBD 9.573626
SCR 16.573783
SDG 705.411284
SEK 10.921847
SGD 1.515386
SHP 0.879866
SLE 27.90959
SLL 24591.977696
SOS 671.183772
SRD 45.359637
STD 24273.549601
STN 24.459322
SVC 10.275954
SYP 12968.817782
SZL 19.704314
THB 36.88356
TJS 10.792352
TMT 4.116351
TND 3.429397
TOP 2.8237
TRY 50.099067
TTD 7.966785
TWD 37.020192
TZS 2899.859147
UAH 49.525635
UGX 4181.046614
USD 1.17275
UYU 45.943592
UZS 14239.318971
VES 320.446921
VND 30897.848168
VUV 142.444302
WST 3.259438
XAF 654.867907
XAG 0.017685
XAU 0.00027
XCD 3.169414
XCG 2.116489
XDR 0.814446
XOF 654.870694
XPF 119.331742
YER 279.524973
ZAR 19.649713
ZMK 10556.150373
ZMW 26.981243
ZWL 377.624903
  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0400

    23.34

    +0.17%

  • RBGPF

    0.4100

    82.01

    +0.5%

  • NGG

    -0.2600

    75.77

    -0.34%

  • RIO

    0.1700

    75.99

    +0.22%

  • BCC

    0.5100

    75.84

    +0.67%

  • CMSD

    0.0150

    23.38

    +0.06%

  • JRI

    -0.0500

    13.51

    -0.37%

  • BCE

    -0.2800

    23.33

    -1.2%

  • GSK

    -0.4600

    48.78

    -0.94%

  • AZN

    -0.2100

    91.35

    -0.23%

  • RYCEF

    -0.3100

    14.64

    -2.12%

  • RELX

    -0.2600

    40.82

    -0.64%

  • BTI

    -0.4500

    57.29

    -0.79%

  • BP

    -1.4900

    33.76

    -4.41%

  • VOD

    0.0000

    12.7

    0%

Socialist reign at stake in Portugal election, far right eyes big gains

Socialist reign at stake in Portugal election, far right eyes big gains

Portugal votes Sunday in a tight election, with no party expected to garner a majority in parliament in a fragmented political landscape that could see the far right make huge gains.

Text size:

A late surge by the opposition centre-right PSD party has clawed away the ruling Socialists' once comfortable poll lead, with the two sides in a statistical tie according to final surveys.

With one in 10 voters still undecided according to recent polls, analysts said the outcome of the election in the nation of around 10 million people is wide open.

Ballot stations opened at 8 am (0800 GMT) and close at 8 pm, with official results expected a few hours later.

The prospect of another weak minority government comes as Portugal is trying to boost its tourism-dependent economy which has been badly hit by the coronavirus pandemic.

A stable government is needed for Portugal to make the most of a 16.6-billion-euro ($18.7 billion) package of EU recovery funds it is due to receive by 2026.

"Portugal needs stability after these two difficult years of fighting against the pandemic," Prime Minister Antonio Costa, in office since 2015, told a final rally in second-city Porto on Friday.

During the campaign Costa received messages of support from Spain's Socialist Prime Minister Pedro Sanchez and German Chancellor Olaf Scholz, who called the Portuguese premier a "tireless defender of social justice".

Sunday's snap polls were called after two far-left parties that had propped up Costa's minority government sided with right-wing parties to reject his 2022 draft budget in October.

- PSD gains -

If the Socialists again garner the most votes but lack a majority, Costa has said he plans to govern alone by negotiating support from other parties for laws on a case-by-case basis.

Such a government would have "little chance" of lasting until the end of its term in 2026, said Lisbon University politics professor Antonio Costa Pinto.

Under Costa's watch Portugal has rolled back austerity measures, maintained fiscal discipline and slashed unemployment to pre-pandemic levels.

But PSD leader Rui Rio says the economy should expand faster. It proposes corporate tax cuts to spur growth.

Rio has managed to unify the often fractious party since he defeated a leadership challenge last year and his strategy of moving the PSD to the centre appears to be bearing fruit.

Under Rio the PSD defied the odds and booted the Socialists out of office in a regional election in the Azores islands in 2020 and the Lisbon mayor's office last September.

He is open to forming a coalition with the conservative CDS and the upstart libertarian Liberal Initiative party.

But such a coalition would need the support of far-right party Chega, which polls suggest could emerge as the third-biggest party in parliament, mirroring recent gains for such formations across Europe.

- Far-right 'hostage' -

Chega, which translates as "Enough", entered parliament for the first time with a single seat during the last election in 2019.

Costa has warned that a PSD-led government would be a "hostage" to Chega, whose proposals include tougher Covid-19 confinement rules for Roma people and castrating sex offenders.

Rio accuses Costa of fear-mongering.

He has vowed not to include Chega in a government but has indicated he is willing to head a minority government propped up by support in parliament from the far right.

To try to avoid large gatherings on election day because of the pandemic, voters were given the possibility to cast their ballots in advance on January 23.

Costa was among the roughly 285,000 people who voted that day.

And voters who are quarantining because of the virus will be allowed to leave home to cast their ballot, with the government recommending that they vote in the slower final hour.

M.Ito--JT