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Portugal’s president to decide fate of government

July 10, 2013

LISBON, Portugal (AP) — Portugal’s president is preparing a national broadcast where he is expected to say whether he will call an early election or keep faith with the country’s coalition government which came close to collapse last week.

A lot is riding on the decision as Portugal battles to extricate itself from heavy debts that compelled it to request a 78 billion euros ($100 billion) bailout two years ago.

Other countries using the euro currency fear Portugal’s troubles could delay efforts to recoup investor confidence amid a prolonged financial crisis.

The Portuguese have been in suspense for 10 days since the finance minister resigned, followed by the foreign minister who is also leader of junior coalition partner.

President Anibal Cavaco Silva was due to give a televised address at 8.30 p.m. (1930 GMT).

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