Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

World

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

0
FacebookTwitterGoogle +Pinterest
previous post
WCN Raises A$14.4M at an Average 29% Premium to Market Close
next post
Polish centrist and nationalist presidential candidates to face off in 2nd round

Related Posts

ChatGPT’s boss claims nuclear fusion is the answer...

March 26, 2024

Colombia expels Argentine diplomats after Milei calls Petro...

March 29, 2024

One dead, seven missing after two Japanese military...

April 21, 2024

Why Motaz Azaiza, the Palestinian photographer who captured...

March 2, 2024

Israel’s West Bank military operation draws lessons from...

January 22, 2025

Nose hairs, dead spiders and licking rocks are...

September 15, 2023

Israel expands war into southern Gaza as UN...

December 6, 2023

‘I’ve dedicated my life to this mission’: Sara...

November 24, 2023

Eight Chinese migrants found dead on Mexico beach...

April 3, 2024

Sweden allows nearly 10% of wolf population to...

January 4, 2025

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


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

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Understanding Lithium Mineralogy from an Investment Perspective

      September 12, 2023
    • 3

      US Capital Global Facilitates $50MM Financing to Accelerate Charbone Hydrogen’s North American Expansion

      June 6, 2025
    • 4

      Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

      June 6, 2025
    • 5

      Crypto Market Recap: Strategy Eyes US$1B Raise for Bitcoin Push, UK Regulator Reverses ETN Ban

      June 6, 2025
    • 6

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 7

      China’s aircraft carriers send message in the open Pacific for the first time – and bigger and more powerful ships are coming

      June 16, 2025

    Categories

    • Business (1,051)
    • Investing (2,075)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,383)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.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 thriftybanker.com | All Rights Reserved