Unformatted text preview: bail-out negotiations. This program was voted down in the Portuguese parliament, and this has led to an early election in June, which the more center-right party is expected to win. This article shows the struggle member state governments have with the European Union. The other member states think the bail-out is necessary to keep the European markets stable, but the people of Portugal do not think it is necessary and see that if this happens they will lose a lot of control over their own economy, and it will be in the hands of the E.U. and the IMF. This also shows the commitment the E.U. and the IMF have towards free market principles and that they try to implement them as much as possible....
View Full Document
- Spring '11
- European Union, Portugal bail-out terms