October 7, 2019 9:18 PM

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Portugal's Socialists win election, preparing to govern for another 4-yrs

<span style="color: #222222;">In Portugal, the center-left Socialists win Sunday's general election with 36.6% of the vote and are preparing to govern for another four years. </span><br />''<br />''The main opposition Social Democratic Party came second with almost 28%. The Socialists, however, are 10 seats short of a majority in the 230-seat parliament. To ensure that its legislation is approved, the government will need support from other parties. <br />''<br />''A healthy economy, with growth of 2.1 % last year and unemployment at around 6%, helped the Socialist Party back into the Sao Bento Palace, the seat of power in Lisbon. <br />''<br />''<br />''<span style="color: #222222;">Antonio Costa, the Socialist leader and incumbent prime minister, said in his victory speech that he intends to continue his business-friendly policies and prudent fiscal management. Turnout in election was just 54.5 per cent, the lowest level for a general election since Portugal returned to democracy in 1974.</span>

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