Portugal: the left-wing government, the signal for the European Union

The union formations left the Portuguese led to the demise of the executive right, who ruled in a minority situation. The left parties in Portugal are able to join for the first time since, in the country, democracy is in force, that is, for about 40 years; the fact seems very important from the political point of view and can be considered an example for the formation of other similar coalitions in other EU countries. This situation is experienced, however, with increasing apprehension by the financial markets because of the fear that is to form a situation like the one in Greece. In fact this hypothesis appears less likely, because the country Portuguese has more control of their accounts; rather there may be the implementation of a policy less tied to the rigidity imposed by Brussels, marked by the expansion of investment. The situation of the Portuguese economy is very contracted, the budget constraints imposed on a difficult fiscal position, has stifled private initiative and resulted in a large increase in emigration, especially by youth. It seems clear that one of the points of the left side of the country will be to try to reverse the trend, also through the revitalization of public investments. The political landscape in which they were the fall of the government is still characterized by an instability that creates uncertainty: the executive right took office just seven days earlier and has been dropped by the rejection of its program by only 123 votes against against 107 favorable. The result of the lack of confidence makes the outgoing government the shortest of Portuguese history, despite the right-wing party was the first result in recent votes on 4 October. The political inner most significant was the decision of the Socialist Party, which has decided to join the forces of the left to try to inaugurate a new era for the country. Central to this decision is the belief of reducing austerity while remaining conviction within the area of ​​the single European currency. The rest could not be otherwise, given the support that will support the new government, thanks to agreements signed with the Left Bloc, Communist Party and Greens. Actually, the fact that the agreements, which signed the Socialist Party with the other political forces, are separated, appears as a weakness of the fledgling government and puts the country at risk of new elections. This factor and the bargaining power that will have the formations of the left, the Socialist Party, which has a more moderate and conciliatory with Europe, may be a limiting factor for potential investors, who are essential to revive the country's economy and implement a more expansive. From here to return to a difficult situation for the national budgets and see, well, the return of the control exercised in the past by the political institutions and the European credit, the distance seems really short. If this happens, it would open a new front of commercial litigation, in which Brussels would willingly give, because, would mean, too, that would increase the controversy for interference in the sovereignty of the states by the supranational institutions, with the consequences of the rise of liking the euro skeptics. On the other hand the situation in Portugal appears as yet another signal of distress suffered as a result of a too strict application of budgetary constraints, a feeling increasingly common in European countries, that does not seem to be given due consideration, especially with a view to political development of the European Union. Without the perception of a common institution to facilitate the lives of citizens, instead favoring the banking and financial groups, hoping to meet the need liking towards greater political union, capable of countering the groups opposed it remains only a vain hope.