Portugal Woes Complicate EU Debt Crisis Summit |
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March 24, 2011
A political crisis in Portugal that has forced the resignation of its prime minister dominated the start of an EU summit on Thursday, further complicating efforts to solve the euro zone's debt problems.
A political crisis in Portugal that has forced the resignation of its prime minister dominated the start of an EU summit on Thursday, further complicating efforts to solve the euro zone's debt problems. Prime Minister Jose Socrates quit on Wednesday after parliament rejected new austerity measures that his government unveiled to avoid being forced to seek EU/IMF financial assistance, as euro members Greece and Ireland did last year. He is the second euro zone leader to become a victim of the rolling sovereign debt crisis after Ireland's prime minister was booted out of office last month.
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