Portugal PM Socrates Resigns After Parliament Rejects Austerity Plan [VIDEO]

Tweet

Portugal political crisis over  sovereign debt - Prime Minister José Sócrates tendered his resignation after Parliament rejected a new government austerity plan (PEC IV), moves expected to greatly increase pressure on the country to accept an international bailout.

In Ireland a bail-out by the euro zone’s rescue fund helped to force the government into calling (and losing) an early election. In Portugal an early election may force the government into accepting a bail-out. The question is: which government?