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Diário Económico - Portugal | Friday, July 19, 2013

Only basic consensus can save Portugal

Portuguese Prime Minister Passos Coelho has survived a motion of no-confidence brought by the left-wing opposition for the fifth time in a year. The parliament on Thursday rejected a motion put forward by the Green Party. If they want to survive the crisis the parties must stop their constant bickering and agree on some common goals, the liberal business daily Diário Económico warns: "The parties must reach a basic political consensus. One that guarantees state reforms and sets a limit on spending and a clear course for reducing public debt. Portugal can try to renegotiate the bailout programme with the troika but it must not unilaterally violate the terms of its agreement. If it gives in to the temptation to do so, as the left camp wants, the country will end up depending on a second bailout package coupled to even harsher cuts."

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