Portuguese prime minister resigns

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  • 1. Portuguese Prime Minister Resigns
    By:
    Haree Srinivasan
  • 2. Portugal
    Population: over 10.5 million
    President: AnibalAntonio CavacaoSilva
    Former PM: Jose Socrates
  • 3. Portugal
    Antonio Salazar ruled: 1932- 1968
    Portugal the poorest country in Western Europe
  • 4. Financial Crisis
    11.2% unemployment, economy to shrink 1.3%
    Austerity bill was a last hope for Socrates
    Opposition: new taxes will hurt Portuguese
    Many protests
  • 5. Issues
    Confusion in Portugal
    Conflict over bailouts in Europe, Euro fell
  • 6. Future Implications
    Portugal needs new government
    Other European nations need to avoid this
    Rift between thriving economies and stagnant ones
  • 7. Relevance to Class
    Socrates similar to Chamberlain
    Exemplifies dangers of ditatorships
  • 8. Thank You