The last socialist's governance "timebomb", ready to explode 11 days after the elections!!

The previous socialist governance of José Sócrates were the

"engineers of a time bomb" to explode ~

in the hands of the next gowernment in 2016/2017

Socrates' governance will be more expensive for the next government 

than the troika´s 78 billion euros bail-out.

The legacy of a heavy public debt, 

will force the new government coming into power after the next general elections, 

to cover higher payments straight after the elections. 

All calculations made, the newspaper "Dinheiro Vivo", 

advances with the hard and ugly reality 

that the government which comes out victorious 

from the forthcoming legislative elections, on 4th October, 

will have to settle something like 54 billion immediately, 

to the creditors, not counting the interest rate.

The timebomb create deliberately by the socialist party 

to explode in the hands of the 

next government, 

because they never thought they could lose the last elections 

and would have governed thus from 2011 until 2015.

A dirty, premeditated trick of the lowest kind of gutter politics.

Of this amount, almost 41 billion euros are Treasury bonds, 

acquired to meet the financial needs 

of Prime Minister José Sócrates' government. 

The first installment of payment will be due just 11 days 

after the legislative elections, 

and is worth EUR 5.4 billion 

that the socialist executive issued in July 2005.

In addition to the debt market, 

Portugal will have to start repaying their official creditors, 

the European Union and the IMF. 

The payment due is € 14 billion, 

of which Portugal has so far only paid interest.

In their proposals for the debt reduction, 

the government believes that the contribution of the primary balance 

"is decisive, which should be positive and growing throughout the period," 

otherwise the interest rate differential against the nominal GDP growth 

"will have a negative impact only by 2016 ".

But Mario Centeno, 

an economist who led the study for the Socialist Party, 

does not believe in the numbers of the coalition government. 

"Our proposal assumes a change in the policies 

that have been followed so far. 

We assume that our policies are more accurate. 

We need more public investment 

but without increasing the public debt", he explains.

PORTUGAL NEEDS A MIRACLE URGENTLY!

If the next government, whichever party wins, 

has to pay within 11 days of the elections,

5.4 billion euros, and shortly after that another

€14 billion., left-overs of the malicious socialists'

plan to engineer a timebomb 

to explode in the next government's hands.

It would be a tragedy for the country if the siocialist win the elections, 

because their own debts will go unpaid, 

and the road to financial ruin is on the horizon.

All from the time of Sócrates and António Costa's socialist governnance!!

Sócrates promised 150,000 new jobs (which never materialised), 

but Costa promises the creation of 207, 000 new jobs.

Wonder why not a round figure...why did he have to add another 7, 000, 

instead of just 200,000??