LISBON, Oct 8 (NNN-AGENCIES) — Portugal’s incumbent Prime Minister
Antonio Costa’s Socialists won a general election marked by low turnout on
Sunday after presiding over a period of solid economic growth following years of austerity.
The Socialist Party (PS) took 36.65 percent of the vote, followed by the
centre-right Social Democrats (PSD) with 27.9 percent, according to near
total results from the interior ministry.
That left the PS, which has governed for the past four years with the
support of two smaller hard-left parties, with 106 seats in the 230-seat
parliament, up from 86 seats in the outgoing assembly and just ten seats
short of an outright majority. Four seats still must be attributed according
to the results of votes cast abroad.
The election bucks the trend of declining centre-left fortunes and the
rise of far-right populist forces seen elsewhere in Europe.
A new far-right formation, Chega! or “That’s Enough!” entered parliament
for the first time winning a single seat.
Turnout was just 54.5 percent, the lowest level for a general election
since Portugal returned to democracy after a decades-long right-wing
dictatorship was toppled in 1974.
The question now is who Costa, 58, a former Lisbon mayor, will pick as his
allies.
After the last general election in 2015 in which the PS finished second,
Costa convinced the Communists and the Left Bloc to support a minority
Socialist government, an unprecedented alliance that foes nicknamed the
“geringonca”, or odd contraption.
During his victory speech Costa said he wanted to “renew this experience”
of an alliance with the hard-left.
“The election shows that the Portuguese like the ‘geringonca’, they like
this political solution,” he said as supporters chanted “Victory!”.
“Stability is essential for Portugal’s international credibility and for
attracting investors. The PS will strive to find solutions that ensure this
stability for the entire legislature.”
Both the Left Bloc, which won 19 seats just as in the last election, and
the Communists, which won 12 seats, five fewer than in the last polls, said
they were willing to once again back the Socialists.
The election gave Costa another potential governing partner as the upstart
People-Animals-Nature party (PAN) which has backed his budgets in the past won four seats, up from just one.
After coming to power in 2015, Costa undid some of the unpopular austerity
measures introduced by the previous PSD-led government in return for a 78-billion-euro ($85 billion) international bailout that kept finances afloat
after Portugal was clobbered by the eurozone debt crisis.
Taking advantage of the global economic recovery, he reversed cuts to
public sector wages and pensions while still managing to bring the budget
deficit down to nearly zero this year — the lowest level since Portugal’s
return to democracy in 1974.
On his watch Portugal’s economic growth was higher than the European Union average in recent years — 2.4 percent in 2018 — while the jobless rate fell to 6.4 percent, the level before the debt crisis, but critics complain of low salaries, job insecurity and soaring property prices amid a tourism boom. — NNN-AGENCIES
