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No one liked Coelho and his bailout reforms back in 2011 and 2012 (Photo: Catarina Larcher)

Pro-austerity leaders to retain power in Portugal

There’s little doubt who’s going to be celebrating victory in Lisbon on Sunday (4 October) after Portugal’s parliamentary elections.

Every poll in the past two weeks has, surprisingly, started to point to Pedro Passos Coelho, the leader of the center-right PSD/CDS coalition, as well as an amateur baritone singer.

Coelho came into office in 2011, shortly after Portugal’s creditors - the European Commission, the European Central Bank, and the International Monetary Fund (IMF) - im...

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