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Portuguese Government Falls As Socialists, Communists Topple PM
Well it wasn't hard to see this coming.
As detailed here on Tuesday, Antonio Costa and the Socialists have fulfilled their promise of ousting Portuguese PM Pedro Passos Coelho's government just days after President Anibal Cavaco Silva reappointed the premier on the heels of largely inconclusive elections.
- PORTUGUESE PARLIAMENT REJECTS PM COELHO'S GOVERNMENT PROGRAM
- PORTUGAL GOVERNMENT FALLS AFTER LAWMAKERS BLOCK COELHO PLAN
For those who missed it, the Socialists moved to form a government with the Left Bloc and the Communists and when Silva decided to give them the political equivalent of a swift slap in the face by reappointing Coelho, the stage was set for a veritable mutiny.
Today's events validate Communist leader Jerónimo de Sousa's contention that Silva's decision would amount to a "manifest waste of time."
Here's AP:
Anti-austerity lawmakers have forced Portugal's new center-right government to resign by rejecting its policy proposals.
The showdown comes less than two weeks after the center-right government was sworn in.
The moderate Socialist Party forged an unprecedented alliance with the Communist Party and the radical Left Bloc to get a majority in the 230-seat Parliament and vote down the proposals Tuesday.
After four years in power the government lost its parliamentary majority in an Oct. 4 general election, which saw a public backlash against austerity measures adopted following a 78 billion-euro ($84 billion) bailout in 2011.
Socialist leader Antonio Costa is expected to become prime minister in coming weeks, supported by the Communists and Left Bloc. The have promised to alleviate austerity, though critics fear a return to borrow-and-spend policies.
So get ready Brussels and Berlin, because you might be in for another anti-austerity battle only this time, the country in question "matters."
But then again, the "smartest" guy on the Street doesn't think there's anything to worry about...
We close with the following, from AFP:
Finance Minister Maria Luis Albuquerque, from the centre-right coalition which won the most votes in last month's polls but lost the absolute majority it had enjoyed since 2011, warned that the rival bloc would derail Portugal's economic recovery.
"If investor confidence is shattered, the threat of bankruptcy is real," she told parliament.
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European countries are Dominos. Not the pizza.
http://hedgeaccordingly.com/2015/01/lisbon-you-should-really-pay-attenti...
*scratches that one off the potential immigration list*
The sooner Europe abandons the EU, the sooner they will get their democracies back.
Umm hows that Democracy working out for you? look around its failing, all DEMOCRACIES fail eventually.
http://www.declineoftheempire.com/2012/03/democracies-always-fail.html
The only cohesive alternative to the fascist banksters are the communists and socialists. Read the part in the TPP where corporations can hire overseas labor, bring them to the US, and pay the SAME WAGES as if they were still living in their home country. How would you like to work for $10 per day without benefits, because this is exactly what is planned for you.
When the boss pretends to pay a living wage, the workers will pretend working.
-Soviet saying
You and Boris should get together. The ZH Boris, not the Moscow Boris.
I never imagined that I would be cheering for commies...the world is totally screwed up.
"If investor confidence is shattered, the threat of bankruptcy is real," she told parliament.
BRING IT ON!
Solvency is not a matter of confidence.
The entire fraudulent monetary structure is based on CONfidence, more specifically, the confidence the sheeple have in their fiat currency.
There's never been a better time then now to work for the gubmint. Those unionized gubmint folks will never let themselves be replaced by 10 cents/hour foreign labor. You can bet on that!
Barry toasted the private sector since everyone -- from brain surgeons to engineers to hair dressers -- can be replaced by very low-pay foreigners.
Oh look Communists getting elected on the premise that they will do positive things for a single nation without sacrificing it's sovereignty.
How many times do the communists need to be in power in Spain before the Spainards catch on? Letting this middle-eastern socialist disease into Europe was the worse choice the Catholics ever made.
I prefer the Rocky and Bullwinkle Boris.
Huh, here at ZH we thought the PIIGS really had run out of other people's money, but apparently the FSA voters in Portugal didnt get the message? Have they never heard of Venezuela, Argentina, Zimbabwe and friends? Well the Gods of the Copybook Headings will win the day, in Portugal as everywhere, for all time. TANSTAAFL
West led by the United States built a model of a society in which 98% of all the wealth of the world, owns only 2% of the population.
This is not a model of world order. It is a model of global slavery.
This model is an unstable structure.
Therefore, to save this flawed model, the US constantly has been using power of the military-police force inside the country and abroad.
They can not stop. They want to have the poor even poorer, but the rich even richer.
I can say with 100% guarantee that this model is the most unjust is doomed to death.
It is a parasite on the body of the international community. The only question is whether our world to destroy this parasite and not die in the fire of nuclear war.
interesting for such a 'religious' country where even presidents are 'born again' Christians (like Carter and W) and proud of it.
They know, the problem is that the last government in portugal stole from every portuguese,
Portugal now is like one country of america latina without production agriculture, industrial production etc
Lefties always pay themselves well. Their demagoguery is a means to power, and then power is their means to a good lofe for them, their family, and their allies.
"Read the part in the TPP where corporations can hire overseas labor, bring them to the US, and pay the SAME WAGES as if they were still living in their home country."
The TPP is 5,554 pages long, consisting of 30 chapters, most with as many as dozens of sub-chapters. Would you be so kind as to cite the chapter, page and or sub-chapter page that this is located on? I thank you in advance for this.
and most (especially young) peopel still have not even heard of TPP
damn, that sucks for Portugal that their government has been taken over by radical socialist scum...hopefully that never happens here in the United .... uh, wait a second
The EU is already a radical socialist scum. What difference does it make?
The U.S. was created as a Republic but morhped into a Democracy. Looks like the U.S. will fail too.
THIS.
The U.S. was created as a Republic but morhped into a Democracy. Looks like the U.S. has failed too.
There, fixed it for ya.
The US was created as a constitutional republic but morphed into a fascist oligarchy.
FIFY
NEWS FLASH: On a long enough timeline the survival rate for everyone (and everything) drops to zero.
About Time that the government elected with a majority finally took power, despite the banksters best attempts to screw the people of Portugal. I don't get hung up on labels like communist or socialist.
Consider that Obama, heading a democratic regime (LOL), is approving the most anti labor legislation in the entire history of the US, called the TPP. Read the part where foreign labor may be brought into the US, and paid the same wages as they would have earned in their home country. Your future will be working for $10 per day with no benefits while the banksters become multi trillionaires. Why do you think the TPP was kept secret for years? It was a felony to just disclose the terms, much less discuss them.
Democracy is mob rule. Democracy is 51% saying the other 49% should be tax slaves.
Not under TTIP, democratically elected representatives cannot make laws because corporations can turn them over any time by threatening to sue for compensation in secret tribunals.
Cramer chimed in. Boy is that great to see.
That depends on your timeline and what actions they take. If they create their own currency among other reforms, and don't go totally communistic dictatorship style, Portugal might be one of the faster growing countries in 4-7 years.
It never gets boring :)
Sudden Debt, can you offer a view on political things in Belgium? Do you think there will ever be 'issues' there in the near-future? It would be quite ironic if problems arose there :')
They're holding mountains of rock solid UST's, so they are beyond good.
I wonder if that will ever show up as "cause of death" on a death cetificate. Sudden Debt... I like it.
They are all in it together, as planned.
Europe's Web of Debt (as it stood in May 2011)
ZH 9/18/11
It has only gotten worse.
http://www.zerohedge.com/news/european-sovereign-debt-cant-we-all-just-n...
Schauble just got a woody
without Viagra!
According to my own research - MACA powder from Peru has the same or stronger effect than Viagra. It's basically powdered root of some kind of a raddish and it's cheap unlike VIagra
.. after Merkel operated his pump.
That Euro thing is working out just fine.
Who's up after Portugal? Is Italy batting cleanup?
pods
Italy or Spain.
Yes, but will it be Spain with Catalonia or without?
Spainocatalonia
Spain
Where is the US/NATO Operation Gladio that kept Socialists and Communists out of European governments by bombing train and bus stations and terrorizing ordinary citizens while always blaming the leftists?
Not to worry, the Nobel Prize Winner can always start Operation Gladio II and drone a few leftists.
Operation Gladio is undisputed historical fact. Gladio was part of a post-World War II program set up by the CIA and NATO suppose right-wing terrorist network, involved in false flag operations and the subversion of democracy.
http://www.truthmove.org/content/operation-gladio/
The existence of Gladio was confirmed and admitted by the Italian government in 1990, after a judge, Felice Casson, discovered the network in the course of his investigations into right-wing terrorism. Italian prime minister Giulio Andreotti admitted Gladio’s existence but tried to minimize its significance.
The main function of the Gladio-style groups, in the absence of Soviet invasion, seems to have been to discredit left-wing groups and politicians through the use of “the strategy of tension,” including false-flag terrorism. The strategy of tension is a concept for control and manipulation of public opinion through the use of fear, propaganda, agents provacateurs, terrorism, etc. The aim was to instill fear into the populace while framing communist and left-wing political opponents for terrorist atrocities.
copy/pasted 4 times in the same comment?
It would not show while editing So i kept pasting not suspecting that it was already there. Why was the comment not showing up while composing I don't know. First time it has ever happened.
The text does not show up when copied and pasted to a word processor either
Happened to me yesterday JO....I had a burning question..lol....
No prob. I guessed you had a tech problem. I get some funny things happen too.
I enjoy your posts :-)
Gladio B has been started since the War on Terror was launched. However, Operation Gladio was never stopped either. The State using "False Flags" for it's own benefits, you better count on it!!
reality again stranger than any conspiracy theories
the first time I heard of Gladio was on ARCHER cartoon when his mother murders the Italian PM
And when they weren't doing those activities, it was gun and drug running for fun and profit. Always a buck to be made when doing God's work!
Sure sure. Just like Scotland. Or Greece. Or whatever other country I'm forgetting.
My issue is that socialist leaders are full of hate, just like the fascists and the oligarchs and the republicans and democrats. They are ALL full of hate.
If we loved our neighbors like we loved ourselves and did not try to rule the world through covet means, all of the problems would work out.
If the people who run governments did unto others as they would want others to do unto them, the US, Israeli, Saud and NATO governments would not be murdering people in their own countries, stealing their stuff and raping them.
The people who run governments are really screwed up.
Grumps,
Sorry to burst your bubble, but is the rest of us humans that are the problem. For all of human history we have begged these aholes to rule over us.
So, begging them not to would not work at this point, eh?
It never works.
The only method that is historically-proven was last demonstrated by American Founders.
Long black market toilet paper.
With the Euro down to 1.07 and falling the cost of living is about to skyrocket...
Everyone wants free stuff. Commies and socialists will always have a strong message for the lazy, the old, and the stupid. Problem is once these guys finish stealing all the nations wealth even the able bodied hard working guy can't scrape enough together for a decent life style and retirement.
Int'l bankers just collectively shat.
Unconditional bailouts for bankers and austerity for the people.
Why aren't the voters buying into it?
"communists and socialists"
LOLZ! If only! (not that I like these guys)
All bullshit. The "communists and socialists" just elected are getting a little broke, their mistrisses want their love nests remodeled and they are behind on the boat payments.
Time to take over the government on "anti-austrity" platform and get their share of payola!
They will bend over for Brussles and screw over their voters just like all the others.
They will have a cold USA/NATO pistol barrel to their heads, and receive USA/NATO narco-profit bribes and 19 virgins to be puppets.
But
but there is free stuff, it's called the industrial surplu
sThe commies
however will accept the banks monopoly of credit, free stuff or deflation for the bankers and inflationary stuff for the unconnected.
I have absolutely no time for Socialists, Communists, Left Wingers in general and definitely NOT Unions, but if the Portuguese can bang a few nails into the Europhile gravy train coffin then I'll try to justify them as a means to a very desirable end.
Also I have no problem with them borrowing and spending as long as they pay the relevant coupon and not some contrived rate as determined by the German backstop. Borrowing at, say, 12.6 % instead of 3.5 % might just convince them that their spending needs to be targetted and not frittered away on Public Sector Unions as Gordon Brown did in the UK.
So, by the banks forcing austerity it forces a change in government?
If that is true, then it must be part of the plan. But it is ONLY a plan that works when the country becomes endebted to the central banking system and feels an obligation to pay, rather than move on to a different system.
I am thinking that ALL countries and their people would be better off by not having any connection whatsoever with the central banking system ... and let the chips fall where they may. If everyone opts out, then the banks lose all of their power.
“If everyone opts out…”
Great suggestion. Now, let’s go to the next level… “HOW?”
America just got the first glimmer of the power that people really have. A footbal team just stood up en masse and told a university system to fuck off for being racist assholes to them and their race. The fucking white boys ran for the locker room. The punk president resigned as requested and no the school is going to play the game. Something changed when that happened and all of these tired elite pieces of shit saw it too. The beginning of the end is in play. I'd like to see all black people stand up and demand equality, with no bullshit involved. NFL, NBA, Clooege Football, you name it....freeze up and tell white people to fuck off. Make your case. The police fear blacks and they won't dare attack a general strike because they know that they will be likely dead, and the black people will kill them. So they just need to just stand up on say, Friday and tell the country fuck you we're chsanging the game.........Change will happen, they just have tyo realize the power they truly have over a cohort that is 72 years old and watches FauxNews because that as cloae as they are every going to get to any young pussy! I say it's time.........
Who watches football? More importantly, once these idiots graduate with their degrees in Physical Education and Underwater Basketweaving and Keynesian Economics, who will hire them?
Make no mistake, HR departments around the country are writing down these names for non-hiring; would you hire someone who has demonstrated the willingness to abuse their college?
Finally, what part of useless do you not understand? If EVERY football team, basketball team, baseball team in the country went on strike, PEOPLE WOULD HAVE TO PLAY LOCALLY, WITH THEIR NEIGHBORS, AGAIN if they even cared enough to do so - nation of couch potatoes!
And just in case it does turn violent, what part of minority do you not understand? When the mob approaches YOUR house, will you go out and try to reason with them, tell them you're on their side? Or will you grab a shotgun, defend what's yours and back up the police if needed? Remember, the Korean merchants' stores survived the Rodney King riots because their owners became snipers, and held their ground. In that regard, I expect history to repeat - across the country, if needed.
One country, two currencies is what Portugal needs. Euros and Escudos with the Escudos held at par, one for one with one of the BRICS currencies.
Any Portuguese guy know how much taxes are not respent in the state.
In Ireland last year it was 21 billion euros
Dork, We all know the beast in Brussels must be fed, along with the NATO beast. The taxes needed to support the two certainly strip away plenty of wealth.
As I understand it, Brussels is not happy with this leftist swing, and intend to supersede the leftists attempts to declare a government. After all, all Brussels rules must be maintained, the leftists will have no room to inact their plans. Even the UK is constantly stopped by Brussels from independent actions.
Spain now presents a massive EU problem. Portugal presents a massive EU problem. The UK has handed in a list of demands to Brussels, making the UK a massive problem. Nations like Slovina drowing in Migrants is demading aid, causing a massive EU problem. Greece is near default again, a massive EU problem. Ukraine while not an EU state, is begging for billions in order to keep the junta in Kiev, massive EU problem. All across Europe, states on the front line of Merkel's mass migration, 'open borders' policy are telling Brussels to help, making that the most massive EU problem.
Brussels is full of fat, overfed , over paid, wasters!
As far as I can make out this is the cost of usury both sovereign and private, certainly not all Capitalistic costs (see Inflation)
This alone is 4500 euros for every man woman and child
Iwould hazard a guess that in Irelands case most of these funds are flowing into London rather then Brussels but they take their share.
During the 1800's and early 1900's, 1/3 of Europe's population emigrated to the Americas to escape the multi-dimensional shit pool that Europe had become.
To Europeans: Please do not come to the Americas - you made that olympic-class socialist coercive collectivist hyper-indebted mess, so you clean it up !
>> To Europeans: Please do not come to the Americas
The Red Indians said the same thing. It didn't do them much good either.
A step in the right direction.
Next, take on the EU dictators.
POREXIT? LIKE GREXIT, BREXIT...
HAHAHAAHAHAHAHAHAAHAH!!! LMFAO!!!!!! GOOD ONE!!!! HAHAHAHAAHAHAHAHAHAAHAHAAAAAHAHAHAAAAAA........
This change is NOT a solution for Portugal. But the people must learn the hard way. There is NO EASY WALK out of this problem.
All systems of Government and Economics will fail against the current challenge .. Capitalism, Socialism, Communism.
The outcome is a FAIL for all of them.
It is certainly true that the current system of reckless Bankers and Traders have wrecked the global financial system. That is clear to see. But none of the existing economic theories for society is capable of picking up the pieces. Portugal will fail with its new system - because you cannot TAX people to death and suddenly produce a better lifestyle. The math is impossible.
The only "winners" now are the people who are willing to be highy productive, and yet get paid a low wage in return. And therein lies the paradox ... are you a "winner" if you are a slave?
Of course, the current "elite class" of traders and bankers will ignore the plight of humanity and the consequences of their actions completely - while taking the world to the brink of global collapse. Why should they care ... if they can sip a margarita under an umbrella, and feel the cool ocean breeze on their faces? That splash of tequila stupefies their conscience. It's easy to forget that there will be no world left for their kids.
the only way humans (the dummest species on the planet) ever learn is via personal hardship - the harder they get ass-reamed the more they learn
PLease spare me the BS about socialists, communists, and whatever other 'ism' ....given the record of the great land of 'capitalism', we all should drop the name calling and get down to basic issues of what government should be allowed to do vs. what the people insist is theirs alone.
I don't give a shit what you think an 'ism' means, only what actually goes on ....and there is no example of ANY country sharing the exact same policies , regardless of what labels you put on them. Give up this childish fear of labels .....and use your brain to figure out how we cqan get out of this mess.
It's the same question. ALWAYS the same question: Where's all the unicorn money going to come from?
Portugal, Greece and Cyprus are in such sad financial shape it is now hopeless.
The only solution for them is to cancel all debts, both public and private, under a Bolshevik Leninist-Stalinist revolutionary government.
but..but-- butt....portugal was the poster child of all that has gone well with austerity..
Can zero hedge punch up Portuguese national accounts, specifically how much do the banking monopolists subtract from net national income leaving net national product.
I suspect this is the core reason for the production /consumption crisis in European countries.....ehh jurisdictions.
The President will force a snap election which will of course result in an austerity compliant government.
In 2015 Portuguese new car regs are up nearly 30%
This is the banking system flaring the surplus goods because the money cannot be spent on more basicproduction / consumption activities.
A characteristic of the european project since its inception has been a increase in transport / DISTRIBUTION real costs......see real energy expended relative to total final energy consumption. ,
As a native of Portugal (although I haven't set foot there in 40 odd years), it would do my heart proud to have it be the country that is the catalyst that brings the whole Euro clusterfukel down. Did anyone really believe that countries which have been warring for thousands of years would suddenly start singing kumbaya and live happily ever after? Truth is the German's still think they're the superior race and hate the French. The French think they're the height of culture, and hate everyone. The Italians and Portuguese love everyone, but basically just want to have a good time. And so on.
The Euro is the zombie that's dead, but doesn't know it yet. The sooner someone drives a stake through its ugly heart, the better.
The european crisis of 2007 and beyond was really a crisis of extraction.... As in any further extraction was causing total societal collapse adding further costs to the usury class.
The response much like the Irish crisis post act of Union is to simply write millions of people off the banks books.
Irish net tax extractin peaked in 2007~, I think if I remember correctly the extraction that year reached into the high 20s billions.
Irelands "success" is to again approach that figure.
When this happens however transport as a total % of final energy consumption reaches beyond 40% as happened between 2005-08 and again in 2014 and 15.
"Pigs (Three Different Ones)"
By Pink Floyd
(P.I.G.S.)
Big man, pig man, ha ha, charade you areYou well heeled big wheel, ha ha, charade you are
And when your hand is on your heart
You're nearly a good laugh
Almost a joker
With your head down in the pig bin
Saying "keep on digging"
Pig stain on your fat chin
What do you hope to find?
When you're down in the pig mine
You're nearly a laugh
You're nearly a laugh
But you're really a cry.
Bus stop rat bag, ha ha, charade you are
You fucked up old hag, ha ha, charade you are
You radiate cold shafts of broken glass
You're nearly a good laugh
Almost worth a quick grin
You like the feel of steel
You're hot stuff with a hat pin
And good fun with a hand gun
You're nearly a laugh
You're nearly a laugh
But you're really a cry.
Hey you Whitehouse, ha ha, charade you are
You house proud town mouse, ha ha, charade you are
You're trying to keep our feelings off the street
You're nearly a real treat
All tight lips and cold feet
And do you feel abused?
.....!.....!.....!.....!
You gotta stem the evil tide
And keep it all on the inside
Mary you're nearly a treat
Mary you're nearly a treat
But you're really a cry.
Democracy and Free Enterprise capitalism, Socialism or Communism, anyone of them is better than Fascism (merger of monopoly corporations with government) or, if you prefer; call it Empire Corporatism.
Fascism over the last 400 years is so barbaric and archaic that modern humans reject going back to wars, slavery and the destruction that Fascist bring to our Earth.
The 21st. Century Fascism is more barbaric than the last 4 centuries combined.
portugal will now be seen to have much oil for their needs & Terroists who need droning.... according to the JewSA
in other words they aint playing ball with big barry's handlers
Winchester assembles their iconic rifle the model 70 in Portugal after closing their New Haven, Connecticut factory back in 2006. Hopefully, this will cause them to ponder a move back home where they belong.
This is rejection of leadership (read hegemoney) of Satan America
Satan America is the Pied Piper of Hamlin , leading all to utter destruction.
Dont be a rat.