Portugal has moved a step closer to implementing a €78bn bailout programme after the country's Social Democrats (PSD) won a conclusive victory in the general election yesterday.
The PSD, which gained 39% of the vote, will seek to form a coalition with the smaller conservative Popular party and leader Pedro Passos Coelho has said he will "go beyond" the agreement with the EU-IMF programme to restore international confidence in Portugal, the Financial Times reports. Economists and business leaders have warned any delay in implementing the bailout could lead to the country following the path of Greece in seeking even more assistance. Read more here Thousands of businesses and individuals have been warned they may fall foul of the Bribery Act after 1 July by a...
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