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Portugal

Yearbook 2016

Portugal. Perhaps the most important event of the year was not political, it was sporting: July 10 won the Portuguese national team for the first time European football men's soccer, and the day after, tens of thousands of fans celebrated the team, with Cristiano Ronaldo in the lead, on his return to Lisbon.

2016 Portugal

According to countryaah, the January presidential election was won by 67-year-old lawyer Marcelo Rebelo de Sousa with about 53% of the vote. Independent left candidate Antonio Sampaio came in second place in the election but with just 22% of the vote. The presidential post in Portugal is of a ceremonial nature, but it is after all the president who appoints the prime minister and who can also dissolve parliament in a crisis.

During the year, the European Commission put pressure on Portugal's new left government to lower its budget deficit and growth forecasts. This is so that the country's state budget will fall within the EU regulations. It was later announced that both Portugal and Spain do not have to pay EU fines for their high budget deficits. However, Portugal must be able to reduce its budget deficit to 2.5% already during the year.

Prime Minister António Costa announced in February Sweden, Italy, Austria and Greece that Portugal would like to receive an additional 5,000 migrants, in addition to the 4,500 allocated under the quota system. The country has a low birth rate, and in the last four years, half a million people have left the country, which is therefore in great need of labor, including agriculture. In August, Prime Minister Costa Sweden visited and discussed the refugee issue with Prime Minister Stefan Löfven.

In August and September, fierce forest fires raged around Portugal; Thousands of firefighters and military were called in for the extinguishing work, which was made difficult by heavy winds.

In October, Portugal's former Prime Minister António Guterres was appointed UN Secretary General following the departure of Ban Ki Moon.

The crisis-ridden Portuguese major bank Banco Comercial Português (BCP) was rescued from bankruptcy in November when Chinese conglomerate Fosun bought a 16.7% stake for the equivalent of SEK 1.7 billion. In May, it was announced that the country's largest bank Caixa Geral de Depósitos (CGD) was also on the verge of bankruptcy and is in need of a capital increase of the equivalent of close to SEK 40 billion, which is 2.5% of Portugal's GDP.

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