Jose Socrates news stories on Newser

Portugal Reaches Bailout Deal

Kate Schwartz — Wed, 04 May 2011 05:54:00 CDT

Portugal pleaded for a bailout , and now it's got one. The hard-up nation has negotiated a bailout from the EU and IMF worth about $116 billion. The three-year loan is a "good agreement that defends Portugal," according to caretaker PM Jose Socrates, who added that Portugal would receive an extra...

Portugal Pleads for Bailout

Rob Quinn — Thu, 07 Apr 2011 01:19:00 CDT

Portugal is biting the bullet and admitting that it desperately needs a massive bailout from its European Union partners to stay afloat. Caretaker prime minister Jose Socrates told the nation that the decision to seek a bailout was "a last resort" as interest rates on its short-term debt skyrocket, reports...

Portugal Gov't Verges on Collapse

Kevin Spak — Wed, 23 Mar 2011 09:08:30 CDT

Today promises to be a tumultuous day in Portugal, with all signs pointing to the resignation of Prime Minister Jose Socrates and the collapse of his minority Socialist administration. The country’s parliament is expected to vote down Socrates’ austerity plan, a move the prime minister contends will force the country...

Portugal PM Gets Heat for Smoking on Plane

Peter Fearon — Fri, 16 May 2008 02:41:34 CDT

Portugal banned smoking in public places five months ago but the country's prime minister appears to have forgotten the rule his own government enacted. Jose Socrates—known to be a smoker in private—stunned passengers and triggered an uproar when he blithely lit up in the first-class cabin of a...