Portugal set to join growing list of EU ex-states without stable government.
"We have never been as close to a political crisis in terms of having a budget rejected," said Marina Costa Lobo, a political analyst at the University of Lisbon.
Prime Minister José Socrates has said he would resign if the budget is not passed - a step which would almost certainly trigger sharp selling of Portuguese bonds as investors doubt the country's ability to fix its deepening sovereign debt crisis.
Labels: Portugal
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