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Less than two weeks after forming, Portugal’s center-right government is overthrown

It was only 12 days ago in which Pedro Passos Coelho was sworn in as the Prime Minister of the new Portuguese government after the October 4th elections. He came into office uncertain of his future, with his party no longer in the majority after an election day rout that gave enormous gains to Socialist and Communist parties. His future was set however when it was announced that the far-left parties had united against him.

The new Communist/Socialist government has already garnered substantial opposition from business leaders, with an open letter expressing their fears over no longer being able to ride the austerity gravy train. After all, without austerity, how else can big businesses force government concessions? The rise of the Communist block within Portuguese politics should warn these businesspeople that it may not be wise to continue trying to push their weight around, for now the government regulation awaiting them has no fear of shutting them down completely.

September 2017

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