Smart Capital Traders
  • Politics
  • Investing
  • Latest News
  • Stocks

Smart Capital Traders

  • Politics
  • Investing
  • Latest News
  • Stocks
Latest News

Portugal’s ruling center-right alliance wins election, but far-right makes record gains

by admin May 19, 2025
May 19, 2025
Portugal’s ruling center-right alliance wins election, but far-right makes record gains

Portugal’s ruling center-right Democratic Alliance (AD) won a snap parliamentary election on Sunday but again fell short of the majority needed to end a long period of instability as the far-right Chega gained a record share of the vote.

Prime Minister Luis Montenegro said the election result was a vote of confidence in his party, but with votes from abroad still to be counted Chega could supplant the center-left Socialists as the main opposition party, ending almost 40 years of dominance by the country’s two major parties.

Continued political instability could delay structural reforms and major projects in Portugal, including lithium mining in the north, and potentially compromise the efficient deployment of EU funds and the long-delayed privatization of TAP airline.

The election, the third in as many years, was called one year into an AD minority government’s term after Montenegro failed to win a vote of confidence in March when the opposition questioned his integrity over dealings of his family’s consultancy firm. He has denied any wrongdoing.

Electoral data showed the AD making gains, winning 89 seats in the 230-seat parliament, nine more than in the previous election.

Montenegro, who has ruled out any deal with Chega, said he expected to form a minority government.

“The Portuguese don’t want any more snap elections, they want a four-year legislature,” Montenegro said as his supporters chanted “Let Luis work,” his campaign slogan.

Chega gained 8 seats for a total of 58, winning a record 22.6% of the vote, while voters appeared to punish the Socialists for their role in bringing down Montenegro’s government.

They fell to 58 seats from 78, prompting Socialist leader Pedro Nuno Santos to say he would step down.

Chega leader Andre Ventura, who was hospitalized during the campaign after collapsing on stage with an esophageal spasm, said his party had “swept the left block off the map in style.”

“There are moments in life during which God says, just stop a little bit,” he told a crowd of jubilant supporters. “This time I am not going to listen. I am not going to stop until I become the prime minister of Portugal.”

This post appeared first on cnn.com

previous post
S&P Global: Mining Sector Sees Mixed Q1, Next Calls for Copper, Battery Metals and M&A
next post
Polish centrist and nationalist presidential candidates to face off in 2nd round

related articles

Iran doesn’t believe a nuclear deal is likely,...

May 23, 2025

41 killed in bus accident in southern Mexico

February 9, 2025

Why Trump is scrambling for allies in his...

April 12, 2025

Venezuelan influencer who criticized gangs and police shot...

June 25, 2025

‘I’ll never call him dad again:’ Gisèle Pelicot’s...

January 12, 2025

Israel to send Mossad chief to Qatar in...

January 12, 2025

Five takeaways from Australia’s general election after Anthony...

May 4, 2025

‘The right answer is not a real estate...

February 12, 2025

Britain wants to get close to Trump. Will...

January 5, 2025

Philippine Vice President Duterte impeached over alleged Marcos...

February 6, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Most Popular

    • 1

      Bold Ventures Announces Final Closing of Non-Brokered Private Placement and Insider Subscriptions

      October 19, 2024
    • 2

      Retraction of Forecast Financial Information Plus Announcement on New Metallurgical Testwork Results

      October 15, 2024
    • 3

      As North Korea, Iran and China support Russia’s war, is a ‘new axis’ emerging?

      October 25, 2024
    • 4

      Emyria and UWA in Partnership to Commercialise Novel Serotonin-Releasing Agents for Mental Health and Neurology

      October 31, 2024
    • 5

      Lode Gold Launches Exploration Program at One of the Largest Land Packages in New Brunswick

      October 19, 2024

    Categories

    • Investing (2,941)
    • Latest News (2,300)
    • Politics (3,542)
    • Stocks (1,080)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smartcapitaltraders.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 smartcapitaltraders.com | All Rights Reserved